$3bn investment injection for Dubai solar plant

Dubai Electricity and Water Authority (DEWA) is to invest $3bn to boost the generation capacity of the country’s largest solar power plant from 1 GW to 3 GW.

Saeed Al Tayer, managing director and CEO of DEWA announced that the installed capacity of the Shaikh Mohammad Bin Rashid Al Maktoum Solar Park would be increased significantly.

Clean Technica reports that the initial installed capacity target for the solar park was 1 GW by 2019, with an investment of $3.3 billion. DEWA now plans to increase the park’s installed capacity to 3 GW by 2030. This will be in line with the United Arab Emirates Vision 2021, which requires the country to source 24 per cent of its energy requirement from ‘clean energy sources’ like renewable energy and nuclear energy.

The Shaikh Mohammad Bin Rashid Al Maktoum Solar Park
was launched in 2013 when a 13 MW block of solar photovoltaic power system was commissioned. The second phase of the project, however, was a blockbuster affair and grabbed the world’s attention. Through a tender, Saudi project developer ACWA Power secured the rights to develop 200 MW capacity at the park at a record-low levelised tariff of 5.84¢/kWh.

The expansion announcement of the solar park comes just days after the Federal Electricity and Water Authority announced that it will set up 100 MW of solar power capacity in the northern region of the country.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...