27 Jun Masdar awarded 800MW solar park deal
A consortium headed by Abu Dhabi’s Masdar has been chosen to build the third phase of the Sheikh Mohammed bin Rashid al-Maktoum 800MW solar park in Dubai.
The consortium consists of Spanish companies Fotowatio Renewable Ventures (FRV) and Gransolar Group, Dubai Electricity and Water Authority (Dewa) announced in a statement yesterday.
The third phase of the park is expected to be operational by 2020. It is planned to be the largest single-site solar park in the world, producing 5,000MW by 2030 with a total investment of US$13.61 billion.
“The significant scale and competitive cost of this project are a clear signal that solar energy is a reliable and commercially viable technology,” said Dr. Sultan Ahmed Al Jaber, chairman of Abu Dhabi Future Energy Company.
Dubai is aiming to produce 25 per cent of its total power from clean energy sources by 2030.
“We strive to implement the Dubai Clean Energy Strategy 2050 to diversify the energy mix so that clean energy will generate 25 per cent of Dubai’s total power output by 2030 and 75 per cent by 2050,” added Saeed Mohammed Al Tayer of Dewa. “This strategy relies on innovation, and research and development (R&D) as the basis for the future of energy.”