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%.