Abu Dhabi’s Masdar Bids With France’s EDF for U.A.E. Solar Plant
- Companies seeking to build 350-MW solar plant in Abu Dhabi
- Masdar this week won tender to build 800MW facility in Dubai
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Masdar and Electricite de France SA are jointly bidding to build a 350-megawatt solar power plant in Abu Dhabi in the United Arab Emirates as OPEC’s fifth-largest oil producer diversifies electricity sources to meet burgeoning demand.
The partners plan to make the bid “as competitive” as the record-low offer that this week won Masdar the right to build a solar facility in neighboring Dubai, Masdar Chief Executive Officer Mohammad Jameel Al Ramahi said in a Bloomberg Television interview Wednesday. The decline in solar panel costs helped Masdar make the lowest bid, Al Ramahi said from his office in Abu Dhabi. EDF wasn’t immediately available for comment.