Dubai Electricity and Water Authority (Dewa) has announced that 47 international companies have expressed interest in developing the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is based on the independent power producer (IPP) model.
Phase Seven will boast a production capacity exceeding 1,600 megawatts (MW) and 1,000MW battery storage system providing 6,000 megawatt-hours.
Scheduled for phased commissioning between 2027 and 2029, the seventh phase will be one of the world’s largest solar-plus-storage projects, generating 4.5 terawatt-hours of clean electricity annually by 2030.
Its impact will be profound as it will curb reliance on natural gas, eliminating the need to burn 36 billion cu ft annually and reducing carbon emissions by eight million tonnes each year.
This will boost the share of clean energy in the emirate’s energy mix to 34%, surpassing the initial target of 25%, it stated.
Announcing this today (April 9) at a key forum held in Dubai, Saeed Al Tayer, the MD & CEO, said: "Today, Dewa is moving forward with the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, a key milestone in our clean energy transition journey."
"Elevating the solar park’s planned capacity to 7,260 MW, the seventh phase positions Dubai as a global leader in the transition to a low-carbon economy," saated Al Tayer at the event which was attended by about 100 representatives of leading solar energy and storage companies globally.
According to him, Dewa’s collaboration with a global consortium led by Deloitte ensures strategic alignment with national priorities, regulatory compliance, financial structuring and global investor outreach.
"The overwhelming interest from 47 companies from 17 nations reflects global confidence in Dubai’s vision," he added.-TradeArabia News Service