The 900 MW fifth phase of the Dubai Electricity and Water Authority’s (DEWA) Mohammed bin Rashid Al Maktoum solar park has been inaugurated 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.
The 5 GW project is regarded as the world’s largest single-site solar park. The solar project is anticipated to be completed by 2030 and is now being developed with a total estimated investment of $13.6 billion. The Mohammed bin Rashid Al Maktoum solar park could save more than 6.5 million tonnes of carbon emissions from entering the atmosphere annually.
In September 2022, DEWA notified that it received bids from four international firms for the consultancy contract for the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park.
REGlobal’s Views: The completion of this entire solar park of 5 GW capacity will significantly help the country in moving closer to its targets set under the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050 to provide 100% of the total power capacity from clean energy sources by 2050. The said solar park has attracted interest from across the world and set a world record by receiving the lowest bid of $1.6953 cents per kWh for the fifth phase.
