Published on April 27th, 2015 | by Smiti5
Dubai Confirms 800 MW Expansion For Iconic Solar Power Project
April 27th, 2015 by Smiti
The Dubai Electricity and Water Authority has initiated the third phase of its iconic Mohammed bin Rashid al Maktoum Solar Park.
The third phase of the solar park expansion will include a capacity addition of 800 MW. Dubai Electricity and Water Authority (DEWA) kick-started the tendering process for the expansion last week. The solar park will eventually be expanded to have an installed capacity of 3 GW.
The first phase of the solar park involved the installation of 13 MW capacity, and through the second phase tender, 100 MW capacity was famously auctioned to Saudi Arabia’s ACWA Power at record-low average tariff of 5.84¢/kWh. The capacity awarded to ACWA Power was subsequently doubled, while the debt financing deal for the second phase expansion has been closed and the capacity is expected to be commissioned by 2017.
Earlier this month, the managing director and CEO of DEWA, Saeed Al Tayer, announced that the authority plans to have an installed capacity of 1 GW at the solar park by 2019. The 3 GW installed capacity is expected to be achieved by 2030.
Mohammed bin Rashid al Maktoum Solar Park is one of the landmark projects for the United Arab Emirates’ plan to source at least 24% of its total electricity demand from ‘clean energy’ sources like renewable energy and nuclear power.