Officials at the signing of the deal.
Dewa signs deal for MBR park Phase Five
01 June 2020
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, supporting its efforts to achieve the Dubai Clean Energy Strategy 2050 to provide 75 per cent of Dubai’s total power output from clean energy by 2050.
This phase will use photovoltaic (PV) solar panels and will be commissioned in stages starting from the third quarter of 2021, said Dewa.
On completion, it will become the largest single-site solar park in the world, based on an independent power producer (IPP) model with a planned capacity of 5,000 MW in 2030.
In November last year, Dewa had announced the consortium led by Acwa Power and Gulf Investment Corporation as the preferred bidder to build and operate the fifth phase of the solar park.
Dewa had achieved a world record by receiving the lowest bid of $1.6953 cents per kilowatt-hour for this phase and 60 Requests for Qualification (RfQs) from international developers for this project.
To implement the project, Dewa had established Shuaa Energy 3 in partnership with the consortium led by Acwa Power and GIC. The Dubai utility owns 60 per cent of the company, and the consortium owns the remaining 40 per cent.
The project will use the latest solar photovoltaic bifacial technologies, which allows solar radiation to reach the front and back of the panels, with single-axis tracking to increase generation,” remarked Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa after signing the agreement with Mohammad Abunayyan, the Chairman of Acwa Power, via video-conferencing.
“The current operational capacity at the solar park is 1,013 MW from photovoltaic solar panels. We have 1,850 MW under construction from photovoltaic and concentrated solar power, with future phases to reach 5,000 MW by 2030,” he noted.
“We are delighted to have been a reliable and trusted partner for Dewa’s ambitious goals. The fifth phase will witness a prosperous collaboration with Gulf Investment Corporation and Shanghai Electric which will undoubtedly mark a milestone in the renewable energy sector,” Abunayyan added.
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