Masdar signs PPA for 800-MW solar park in Dubai
- Fotowatio Renewable Ventures (FRV)
- ACWA Power
- EDF Group
- Nebras Power
- Marubeni Corporation
Dubai Electricity and Water Authority (DEWA) has signed a Power Purchase Agreement (PPA) with Abu Dubai Future Energy Company (Masdar), for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park.
As we reported in late June, the joint venture made up Fotowatio Renewable Ventures (FRV) and Masdar has won the tender process for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar PV park in Dubai. The project will be located about 50 km south of the city of Dubai.
The 800 MW project, based on the Independent Power Producer (IPP) model, is another landmark project that will make Dubai and the UAE a major producer of renewable and clean energy.
HE Dr Sultan Ahmed Al Jaber, said:
“Masdar is proud to partner with DEWA on this important milestone in the development of the UAE’s solar energy capacity. This agreement demonstrates the competitiveness of solar as a commercially-viable clean energy source for electricity generation. It is through ambitious projects of this scale that Masdar is able to drive the clean technology industry forward.”
Mohamed Jameel Al Ramahi, CEO of Masdar, said:
“Today’s signing continues the strong momentum created at the outset of the project thanks to DEWA’s efficient tender process. The Mohammed bin Rashid Al Maktoum Solar Park is a major undertaking which will become an international reference point for the renewable energy industry.”
In July 2015 we reported that DEWA announced the successful financial close for 200MW Phase II of the Mohammed bin Rashid Al Maktoum Solar Park. The project is located about 50 km south of the city of Dubai.
The Mohammed bin Rashid Al Maktoum Solar Park is one of the largest renewable energy projects in the region, with a planned production capacity of 5,000 MW by 2030.