$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.



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