Dubai Electricity & Water Authority (DEWA) has launched a tender process to hire a financial advisor for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar PV park.
The project is part of the Mohammed bin Rashid Al Maktoum solar PV park. The Park is expected to eventually cover 40 square kilometers and produce 1,000MW of clean energy for the national grid using both PV and solar thermal technology. The solar park is composed by a 13 MW Phase I, a 200 MW phase II and a 800 MW phase III.
The overall project aims to:
Last Month we reported that the consortium composed by ACWA Power and TSK had signed a power purchase agreement (PPA) for the 200 MW phase II. The PPA was signed between the consortium and the Dubai Electricity and Water Authority (DEWA). The contract will be for a period of 25 years. The total project investment is estimated at US$400 million.
See tender announcement: