DEWA Selects Masdar for 1,800MW Solar PV IPP Project
Dubai Electricity And Water Authority (DEWA) has selected Masdar to construct and manage the 1,800 MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park with an estimated cost of up to AED 5.51 billion, MD & CEO of DEWA, H.E Saeed Mohammed Al Tayer announced.
DEWA has achieved, through this phase VI, the lowest Levelised Cost Of Energy (LCOE) of USD 1.6215 cents per kilowatt hour (kWh) for any of DEWA’s Solar IPP Projects so far.
DEWA has received 23 expressions of interest from international applicants to develop this project. Subsequently, the Request for Qualification (RFQ) was released to market on 15th November 2022.
His Excellency said: “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 totaling AED 50 billion.
"When completed, the solar park will reduce over 6.5 million tonnes of carbon emissions annually. The 1,800MW 6th phase of the solar park using PV solar panels based on the IPP model will become operational in stages starting from Q4 of 2024."
The projects at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, are of great interest to international developers and reaffirms investor confidence in the significant projects supported by the Government of Dubai.
The Current total production capacity of solar projects at the solar park is 2,427MW. DEWA is building another project with a total capacity of 433 MW. The 1,800MW 6th phase of the solar park will increase the total production capacity to 4,660MW.