A deal for the engineering, procurement, and development of the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has been signed.
Managing director and CEO of Dubai Electricity and Water Authority (DEWA), Saeed Mohammed Al Tayer, experienced the signing of the deal between Saudi Arabia’s ACWA Power and China’s Shanghai Electric, the project’s key contractor.
Previous month, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum initiated the go-ahead to begin the fourth phase of the solar park, the biggest single-site solar park in the world.
The park is an key part of the Dubai Clean Energy Strategy 2050 which focuses to give 75 percent of Dubai’s total power output from clean sources by 2050.
He stated, “With a planned capacity of 5,000MW by 2030, and a total investment of $13.6 billion, the Mohammed bin Rashid Al Maktoum Solar Park seeks to accelerate our diversification into clean energy.”
He also mentioned, “I would like to use this opportunity to thank everyone, especially our partners in the consortium, comprising Saudi Arabia’s ACWA Power and the Silk Road Fund, and China’s Shanghai Electric as main contractor, for all their work on the fourth phase of the solar park.”
The project will constitute the world’s largest solar tower, measuring 260 metres, and the world’s biggest thermal energy storage capacity. It will give clean energy to about 270,000 residences in Dubai, minimizing 1.4 million tonnes of carbon emissions per year.
more recommended stories
UAE sends over 175 tons of relief cargo to Kerala via Emirates SkyCargo
UAE continues to offer its valuable.
Saudi Arabia has kept initial public offering of its state oil company on hold
In the last four months, investor.
Dubai tabloid newspaper Xpress to shut down print publication
Dubai-based weekly tabloid newspaper Xpress will.
Saudi medical students granted extension in Canada
Canada has allowed extension to stay.