Masdar, a United Arab Emirates based energy company, has signed a contract with Dubai Electricity and Water Authority to construct and operate the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. It will be constructed with an investment of $1.5 billion. The total energy generation capacity of the solar facility is 1.8 GW.
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The 900 MW fifth phase of the Dubai Electricity and Water Authority’s (DEWA) Mohammed bin Rashid Al Maktoum solar park has been launched in Dubai, United Arab Emirates. It would reduce annual carbon emissions by 1.18 million tonnes while supplying energy to 270,000 households in the city. Developed with an investment of $544.4 million, this phase was implemented by DEWA, which holds a 60 per cent stake, along with a consortium of Acwa Power and the Gulf Investment Corporation which holds the remaining 40 per cent stake.
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DEWA recently updated the smart grid strategy to move ahead with the medium- and long-term objectives under the latest Smart Grid Strategy 2021-2035, which envisages investments to the tune of AED7 billion. The new plan also supports the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050 to provide 100 per cent of the energy production capacity from clean energy sources by 2050.
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The Dubai Electricity and Water Authority (DEWA) notified that it has received bids from four international firms for the consultancy contract for the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The company stated that the next phase of the 5 GW field will have a power generation potential of 900 MW. After completion of the project in 2030, it is expected to have a capacity of 5 GW of solar and concentrating solar power (CSP) capacity.
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In the next five years, Dubai Electricity and Water Authority (DEWA) intends to invest $10.88 billion in capital projects, including boosting its clean energy and renewable energy projects. It intends to invest $3.26 billion to complete the independent water producer projects at Hassyan, the Hassyan Power Complex, and the Mohammed bin Rashid Al Maktoum Solar Park.
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Dubai Electricity and Water Authority (DEWA) has launched a pilot project for energy storage at the Mohammed bin Rashid Al Maktoum Solar Park which uses Tesla’s lithium-ion battery solution. With a power capacity of 1.21 MW and an energy capacity of 8.61 MWh, the project has a life span of up to 10 years.
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