DEWA collaborates with Masdar for the sixth phase of the mega Solar Park. Dubai’s clean energy goals soar with this new 1,800 MW project.
Dubai's journey to becoming a leader in sustainable energy takes a significant step forward as the Dubai Electricity and Water Authority (DEWA) collaborates with Abu Dhabi-based renewable titan, Masdar. This joint venture, valued at an estimated Dh5.51 billion, is set to manage the development of the massive 1,800 MW sixth phase of the globally-acclaimed Mohammed bin Rashid Al Maktoum Solar Park.
Amid stiff competition, with 23 international entities expressing interest, DEWA's selection of Masdar marks a commitment to quality and reliability.
According to Reuters, the phase six project boasts a record-low Levelised Cost Of Energy (LCOE) for DEWA at an impressive 1.6215 US cents per kWh.
He added, “To achieve this, DEWA launched several leading renewable projects, including the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. Using the Independent Power Producer (IPP) model, it will have a capacity of 5,000MW by 2030 with investments totaling Dh50 billion."
As DEWA commits to international standards and the latest solar advancements, Al Tayer confirms the sixth phase, with its 1,800MW capacity, will initiate operations in segments from the end of 2024. He also assured that the required project documents, Power Purchase Agreement (PPA), and financial closure agreements are on the horizon.Currently, the solar park's operational solar energy projects contribute a remarkable 2,427MW. With clean energy forming 16.3% of Dubai’s total energy, this figure is projected to rise to 24% by 2026 upon the completion of the forthcoming phases of the solar park. The forthcoming addition of the 1,800MW sixth phase will exponentially enhance the park's total output to 4,660MW.
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