Today: 25 April 2025
23 August 2022
2 mins read

Al Tayer inspects progress at MBR Solar Park

Al Tayer was briefed by Shuaa Energy 3 officials on the progress made in the second and third projects of the fifth phase of the solar park…reports Asian Lite News

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), inspected the work progress on the fourth and fifth phases at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world with a planned total capacity of 5,000 megawatts (MW) by 2030.

The solar park’s projects constitute one of the critical pillars of the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy to provide 100 percent of Dubai’s total power capacity from clean energy sources by 2050.

Al Tayer was briefed by Shuaa Energy 3 officials on the progress made in the second and third projects of the fifth phase of the solar park. Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA, and the project’s team were present. DEWA is implementing the fifth phase in partnership with a consortium led by ACWA Power and Gulf Investment Corporation using the Independent Power Producer (IPP) model. In 2019, DEWA achieved a world record by receiving the lowest bid of US$1.6953 cents per kilowatt hour (Levelised Cost of Energy) for this phase.

The fifth phase will be implemented by Shuaa Energy 3, established by DEWA, which owns 60 percent of the shares and the consortium, led by ACWA Power and Gulf Investment Corporation, which owns 40 percent of the rest of the shares.

Work on the 900MW fifth phase with investments totalling AED2.058 billion is progressing as planned. The second project is 93.3 percent complete, while the third project is 23.06 percent complete.

Al Tayer also inspected the progress at the 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The fourth phase uses the IPP model with investments up to AED15.78 billion.

Noor Energy 1 officials briefed him on the work progress in the fourth phase, which is the largest single-site project that combines Concentrated Solar Power (CSP) and photovoltaic technology using the IPP model. The overall construction of the project is 90 percent complete.

ALSO READ: UAE condemns terrorist attack in Mogadishu

Previous Story

UAE’s non-oil trade crosses Dh1 trillion

Next Story

‘In free fall: My experiments with living’ 

Latest from -Top News

Sikh Community Pays Rich Tributes to Pope 

UAE Sikh community mourns Pope Francis, honoring him as a global symbol of faith and compassion…reports Asian Lite News The Sikh community of the United Arab Emirates extends heartfelt condolences on the

India Praises UAE’s Global AI Benchmark 

Kaustubh Dhavse, Maharashtra CM’s OSD, hailed the UAE’s AI model as a global benchmark driving digital innovation and attracting global talent…reports Asia Lite News Kaustubh Dhavse, Joint Secretary and Officer on Special

Azad Moopen Pays Tribute to Pope Francis 

Dr. Moopen also noted Pope Francis’ historic 2019 visit to the UAE, a landmark moment in fostering interfaith dialogue and tolerance…reports Asian Lite News Dr. Azad Moopen, Founder Chairman of Aster DM
Go toTop

Don't Miss

UAE condemns missile attack on Erbil

The UAE has strongly condemned the ballistic missile attack on

Arab League Council holds memorial for Sheikh Khalifa

The permanent representatives started the meeting by observing a moment