Dubai has inaugurated the 900 megawatt (MW) fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park. It is the largest single-site solar park in the world with a planned capacity of 5,000 megawatts (MW) by 2030.
The fifth phase of the project will provide clean energy to 270,000 residences in Dubai.
Thus, reducing 1.18 million tonnes of carbon emissions annually.
The AED2 billion project, implemented under the Independent Power Producer (IPP) model.
It involves a partnership between Dubai Electricity and Water Authority (DEWA) (60%).
And a consortium led by ACWA Power and Gulf Investment Corporation (40%) through Shuaa Energy 3.
DEWA achieved a world record by receiving the lowest bid of $1.6953 cents per kilowatt hour (kWh) for the fifth phase.
ACWA Power has worked on previous phases of the Mohammed bin Rashid Al Maktoum Solar Park.
The 200MW photovoltaic second phase of the solar park developed by ACWA Power launched in March 2017
Featuring a total investment of AED50 billion, based on the Independent Power Producer (IPP) model. The Mohammed bin Rashid Al Maktoum Solar Park expected to reduce 6.5 million tonnes of carbon emissions annually when fully completed.