HE Saeed Mohammed Al Tayer, the MD & CEO of Dubai Electricity and Water Authority (DEWA), performed a site visit to the Mohammed bin Rashid Al Maktoum Solar Park to review its progress.
Al Tayer was accompanied by Nasser Lootah, executive vice president of Generation, Abdullah Obaidullah, executive vice president of Water & Civil, Jamal Shaheen Al Hammadi, vice president of Special Projects, and Mohamed Al Shamsi, vice president of Water & Civil Projects and Water Maintenance.
Representatives from Shuaa Energy 2 briefed Al Tayer on the progress of the third phase of the solar park.
Shuaa Energy 2 was launched in partnership with the Masdar-led consortium, and Électricité de France (EDF), through its subsidiary EDF Energies Nouvelles.
The Mohammed bin Rashid Al Maktoum Solar Park has a planned capacity of 1,000MW by 2020 and 5,000MW by 2030. The park's total investment is $13.6bn that will eventually save approximately 6.5 million tonnes per annum in emissions.
DEWA registered a Levelised Cost of Electricity (LCOE) of $2.99 cents per kilowatt hour (kW/h) for the third phase of the solar park, to be operational in 2020. The World Expo will be connected to the Mohammed bin Rashid Al Maktoum Solar Park, which will provide it with 400MW of power.
The implementation progress of the third phase, which will produce 800MW, will be complete by 2020. The third phase will be completed in 3 stages over 16 square kilometres. The first 200MW stage is expected to be operational in the first half of 2018. The 300MW second stage will be operational in 2019, and the third 300MW stage will be completed in the first half of 2020.
The solar park project aims to achieve the targets of the Dubai Clean Energy Strategy 2050.
Last month seven institutions had signed off on a financing agreement for the third phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai.