DEWA CEO Reviews Progress of Mohammed bin Rashid Al Maktoum Solar Park's Phase 6
This phase, developed under the Independent Power Producer (IPP) model, is a step in Dubai’s clean energy ambitions, representing an investment of up to AED 5.5 billion.
June 15, 2024. By Abha Rustagi
This phase, developed under the Independent Power Producer (IPP) model, is a step in Dubai’s clean energy ambitions, representing an investment of up to AED 5.5 billion.
The 6th phase will generate clean energy for approximately 540,000 residences and is expected to reduce carbon emissions by around 2.36 million tonnes annually. Covering an area of 20 square kilometers, it has achieved a record-low Levelized Cost of Energy (LCOE) of just USD 1.6215 cents per kWh.
During his visit, Al Tayer was briefed by officials from Shuaa Energy 4, a joint venture between DEWA and Abu Dhabi Future Energy Company (Masdar). DEWA holds a 60 percent stake in the company, while Masdar owns the remaining 40 percent. The 6th phase will employ advanced solar photovoltaic bifacial technologies with single-axis tracking.
The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park globally, aiming to exceed a capacity of 5,000 MW by 2030 with total investments reaching AED 50 billion. The ongoing projects at the park are foundational to achieving the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim for 100 percent of Dubai's power capacity to come from clean energy by 2050.
Currently, the solar park’s production capacity stands at 2,860 MW, with an additional 1,800 MW under construction. The completion of the 6th phase will bring the total production capacity to 4,660 MW by 2026. DEWA anticipates that by 2030, about 27 percent of its energy generation mix will come from clean energy sources.
Al Tayer was accompanied on his visit by Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA, along with other DEWA officials.
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