ACWA-led consortium to build 900MW solar project in Middle East

25 November 2019 (Last Updated June 22nd, 2020 17:38)

Dubai Electricity and Water Authority (DEWA) has selected a consortium led by ACWA Power and Gulf Investment Corporation to build and operate the 900MW project at the Mohammed bin Rashid Al Maktoum Solar Park.

ACWA-led consortium to build 900MW solar project in Middle East
ACWA Power to build the 900MW Mohammed bin Rashid Al Maktoum Solar Park. Credit: GCL System.

Dubai Electricity and Water Authority (DEWA) has selected a consortium led by ACWA Power and Gulf Investment Corporation to build and operate the 900MW project at the Mohammed bin Rashid Al Maktoum Solar Park.

The consortium has been selected as the preferred bidder to build the fifth phase of the solar park using photovoltaic (PV) solar panels based on the independent power producer (IPP) model.

DEWA managing director and CEO Saeed Mohammed Al Tayer said: “We are striving to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform Dubai into a global hub for clean energy and green economy.

“We also support the Dubai Clean Energy Strategy 2050 to provide 75% of Dubai’s total power output from clean energy by 2050 and make Dubai the city with the lowest carbon footprint in the world.

“To achieve this, DEWA launched several leading renewable projects, including the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. Using the Independent Power Producer (IPP) model, it will have a capacity of 5,000MW by 2030 with investments totalling AED50bn.”

In February 2019, DEWA released the tender for the 5th phase and received 60 requests for qualifications (RFQ).

At present, the total energy generation capacity at the solar park is 713MW. DEWA is also involved in the development of three other solar facilities that have a combined capacity of 1,250MW.

Once completed, the fifth phase of the solar park will increase the production capacity to 2,863MW.

Al Tayer further added: “The 900MW 5th phase of the solar park using PV solar panels based on the IPP model will become operational in stages starting Q2 of 2021. The project documents, power purchase agreement (PPA), and financial close agreements will be signed in due course.”