Dubai Electricity and Water Authority (DEWA) has signed a 25-year power purchase agreement (PPA) for the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park with a capacity of 900 MW, the media reported.
The PPA is in line with Dubai’s plan to achieve the Dubai Clean Energy Strategy 2050, which aims to provide 75 percent of Dubai’s total power output from clean energy by 2050.
DEWA managing director and CEO Saeed Mohammed Al Tayer told the media, “The 900MW fifth phase of the solar park using the Independent Power Producer (IPP) model adds to our successful solar power and clean energy projects that use the best global technologies to generate electricity from clean energy sources.
“The fifth phase will be implemented by Shuaa Energy 3, established by DEWA and the consortium led by ACWA Power and the Gulf Investment Corporation. DEWA received the lowest global bid of $1.6953 cents per kilowatt-hour for this project, which will use the latest solar photovoltaic bifacial technologies, with Single Axis Tracking to increase generation.
“We promise to continue implementing clean and renewable energy projects, guided by the vision and directives of our wise leadership to enhance the UAE’s pioneering position in all sectors.”
Once operational, the Mohammed bin Rashid Al Maktoum Solar Park will be the largest single-site solar park in the world. It has a planned capacity of 5,000 MW in 2030 with investments of Dh50 billion.
The 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park started operating last month, the Dubai Electricity and Water Authority revealed.