ACWA Power inaugurates first stage of 900 MW Solar project in UAE
ACWA Power, a leading Saudi developer, investor, and operator of power generation and water desalination plants, announced the official inauguration of the 300 MW first stage of the 900 MW Shuaa Energy 3 PSC, the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The inauguration of the project marks another transformative moment in Dubai’s continued energy transition and energy diversification strategies, and its development plans. The 900 MW fifth phase was awarded to an ACWA Power led consortium at a world record tariff of USD 1.6953 cents per kWh last year and brings the current production capacity of the Mohammed bin Rashid Al Maktoum Solar Park to 1,313 MW.
Once fully operational, the Mohammed bin Rashid Al Maktoum Solar Park will be the largest single-site solar park in the world based on the Independent Power Producer (IPP) model, with a planned production capacity of 5,000 MW, saving over 6.5 million tonnes of carbon emissions annually.
Shuaa Energy 3 PSC is expected to power 270,000 residential units, and offset carbon emissions amounting to 1.18 million Tons per year in Dubai. The project will use the latest bifacial photovoltaic solar panels, which captures sunlight on both sides of the panel and produces energy with an advanced solar tracking system to increase generation efficiency by 20%.
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February 02, 2021
Tender launched for Waste-to-Energy Power plant in UAE
The Emirates Water and Electricity Company (EWEC), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, and Abu Dhabi Waste Management Center (Tadweer), the competent authority for waste management activities in the Emirate of Abu Dhabi, has launched a competitive tender process for the development of a greenfield Waste-to-Energy (WtE) Independent Power Project (IPP).
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December 24, 2020
World's largest 2 GW solar power plant in UAE reaches financial close
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September 09, 2020
Financial close for 900MW solar PV project in UAE
ACWA Power has completed the signing of all financing agreements of the 900 MW solar PV project, Shuaa Energy 3 PSC, which is the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Shuaa Energy 3 PSC is the special purpose vehicle incorporated for the project, with 60 percent ownership by the Dubai Electricity & Water Authority (DEWA) and the balance split between ACWA Power and Gulf Investment Corporation (GIC).
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September 04, 2020
Sungrow signs PPA 900 MW Mohammed bin Rashid Al Maktoum V
Sungrow has partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, illustrating its efforts in supporting Dubai Clean Energy Strategy 2050 and lowering the MENA region's carbon footprint.
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July 29, 2020
PPA awarded for world´s largest solar plant in UAE
A consortium comprising Abu Dhabi National Energy Company (TAQA), Masdar, EDF and JinkoPower has signed a 30-year Power Purchase Agreement with the Emirates Water and Electricity Company (EWEC), for the 2 GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, which will be located approximately 35 kilometers from Abu Dhabi city.
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