DEWA announces winning tender for world’s largest solar project

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Sheikh Mohammed bin Rashid, the Ruler of Dubai, said the launch of the world’s largest concentrated solar power plant puts the UAE in leadership position on clean energy sources. (Courtesy Dubai Media Office)
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The 700-megawatt extension would have the world’s tallest solar tower, measuring 260 meters.
Updated 16 September 2017
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DEWA announces winning tender for world’s largest solar project

DUBAI: The Dubai Electricity and Water Authority (DEWA) has announced the winning tender for the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site concentrated solar power project in the world.
DEWA awarded the tender to a consortium of Saudi Arabia’s ACWA Power and China’s Shanghai Electric, which bid the lowest price at 7.3 US cents per kilowatt-hour, the lowest ever for a solar energy plant.
The Dh14.2 billion project would be commissioned in stages, starting from the fourth quarter of 2020. The 700-megawatt extension would have the world’s tallest solar tower, measuring 260 meters.
“The implementation of the world’s largest concentrated solar energy project underlines the UAE’s leadership on the world stage in producing clean and renewable energy and reinforces our position at the forefront of the most advanced countries in this field,” said Sheikh Mohammed bin Rashid, the Ruler of Dubai, said in a statement.
“We are implementing projects that translate the overall development directions in our country and support the ambitious goals that we set for the future and started implementing it today.”


Dubai aims to increase the share of clean energy to its total power production to 7 percent by 2020, further increasing it to 25 percent by 2030 and 75 percent by 2050.
“Our focus on renewable energy generation has led to a drop in prices worldwide and has lowered the price of solar power bids in Europe and the Middle East. This was evident today when we received the lowest CSP project cost in the world,” said Saeed Mohammed Al-Tayer, the chief executive of DEWA.


Ghosn sues Nissan and Mitsubishi for breach of contract: report

Updated 15 min 21 sec ago
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Ghosn sues Nissan and Mitsubishi for breach of contract: report

  • Ghosn is seeking up to $16.8 millions in damages
  • He spent over 100 days jailed in Japan over financial misconduct trials
PARIS: Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court for “improper termination” of his contract, French newspaper Le Figaro reported Wednesday.
Ghosn is accusing the Japanese manufacturers of breaching his contract as an employee of NMBV, their joint subsidiary based in the Netherlands, and seeking up to $16.8 million in damages, it said.
The big-spending former chief of both Renault and its Japanese partner Nissan is awaiting trial in Japan on charges of financial misconduct.
He was kept behind bars for over 100 days before being granted bail and sacked from all his management roles.
Ghosn is accused of under-reporting millions of dollars in income at Nissan and of using company funds for personal expenses — charges he denies.
His lawyers argue that while Ghosn resigned from Renault-Nissan BV (RNBV), he had not done so from NMBV and “the breach of contract” was unwarranted, Le Figaro said.
Nissan and Mitsubishi argue that Ghosn’s contract was invalid as it would not have been submitted to NMBV’s board, according to the daily.
NMBV had thanked Ghosn after a meeting of his board of directors on March 12, the same day as the announcement of its dissolution.
Ghosn’s spokesperson and his lawyer both declined to comment when contacted by AFP.
Le Figaro said the manufacturers were seeking to recover some $8.79 million paid to Ghosn by NMBV between April and November 2018.
Renault announced in early June it was considering taking action against its former boss after it identified $12.36 million of “questionable expenses” linked to Ghosn at RNBV.
The 65-year-old Ghosn was arrested in Japan in November as he stepped off his private jet at Tokyo airport.
His dramatic downfall stunned the business world and laid bare tensions in the alliance between Renault, Nissan and their smaller Japanese partner Mitsubishi.
Ghosn has not been charged in connection with his activities at NMBV.