Dubai Electricity and Water Authority (DEWA) issued a statement regarding the Signing of Power Purchase Agreement (PPA) for the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum, MBR Solar Park.
The PPA was signed by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Mohammad Abunayyan, Chairman of ACWA Power, via video conferencing.
The 5th phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park will have capacity of 900 megawatts (MW). The Power Purchase Agreement (PPA) is signed for a 25-year.
The 5th phase, will use photovoltaic solar panels, and will be commissioned in stages starting from the third quarter of 2021. This supports DEWA’s efforts to achieve the Dubai Clean Energy Strategy 2050 to provide 75% of Dubai’s total power output from clean energy by 2050.
In November 2019, DEWA announced the consortium led by ACWA Power and Gulf Investment Corporation the Preferred Bidder to build and operate the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park. (read more)
DEWA achieved a world record by receiving the lowest bid of USD 1.6953 cents per kilowatt hour (kW/h) for this phase. DEWA received 60 Requests for Qualification (RFQ) from international developers for this project.
To implement the project, DEWA established Shuaa Energy 3 in partnership with the consortium led by ACWA Power and Gulf Investment Corporation. DEWA owns 60% of the company, and the consortium owns the remaining 40%. 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.
The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site strategic renewable energy project in the world. Using the Independent Power Producer (IPP) model, it will have a capacity of 5,000 MW by 2030 with investments of up to AED 50 billion. The solar park’s projects will accelerate the shift towards solar power.
The 13MW first phase became operational in 2013, using photovoltaic solar panels. The 200MW photovoltaic 2nd phase of the solar park was commissioned in March 2017. The 3rd photovoltaic phase has a capacity of 800MW. The 4th phase of the solar park is the largest single-site CSP project in the world based on the IPP model, with investments of AED15.78 billion.
The fourth phase of the solar park will use three technologies to produce 950MW of clean energy: 600MW from a parabolic basin complex, 100MW from a solar power tower, and 250MW from photovoltaic panels. The solar power tower will be the tallest in the world at 260 metres, and will have the largest thermal storage capacity of 15 hours; generating power around the clock.
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