A consortium led by UAE-based renewable energy company Masdar including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group, has won the bid for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.

A Masdar-led consortium, which bid a Levelised Cost of Electricity (LCOE) of $2.99 cents per kilowatt hour (kW/h), was selected following a tight competition and after evaluation of numerous offers.