SunEdison Retains Advisor in Middle East Solar Tender
Solar developer SunEdison has retained Middle East advisory boutique Access Consultants to assist it in bidding in a 100 MW solar project tender in Dubai.
St Peters, Mo.-based SunEdison is bidding to take a 49% stake in a solar project sponsored by the Dubai Electricity and Water Authority (DEWA).
DEWA is seeking a partner to build a photovoltaic plant 50km south of the city of Dubai in Saih al Dahal. It will retain a majority stake.
The deadline for submitting expressions of interest is midday today.
Dubai-based Access Consultants is a business development and advisory firm focused on the power and water sectors in the Middle East and Africa.
Access's three most senior employees are Reda El Chaar, Vahid Fotuhi and Stephane Bontemps.
Vahid, who is a former BP Solar executive and president of the Emirates Solar Industry Association, joined Access Consultants last year, as SparkSpread first reported on Sept. 4.
He now heads Access's strategic advisory group.
DEWA is expected to issue a request for proposals in the solar tender in June; bidding is scheduled to close in August; and a winner should be named early next year.
The plant is due to be commissioned in 2017.
Last month, DEWA appointed KPMG to be financial advisor for the transaction. Norton Rose Fulbright is the legal advisor and Lahmeyer International is the technical advisor.
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