ACWA Power announced the awarding of Engineering, Procurement and Construction (EPC) contract for the Mohammed bin Rashid Al Maktoum, MBR Solar Park, Phase 5.
The project has been awarded to China based construction firm, Shanghai Electric.
The 5th phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park will have capacity of 900 megawatts (MW).
The contract was signed through a private virtual ceremony, attended by Mr. Mohammad Abunayyan, Chairman of ACWA Power and Mr. Zheng Jianhua, Chairman of Shanghai Electric who addressed a gathering of senior delegates and company representatives from both parties
The announcement follows within only 3 months of the PPA signing between Dubai Electricity and Water Authority (DEWA) and the consortium led by ACWA Power.(read more)
Earlier, DEWA established special purpose vehicle (SPV), Shuaa Energy 3 in partnership with the consortium led by ACWA Power and Gulf Investment Corporation to implement MBR Solar Park Phase 5.
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.
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