Dubai Breaks All Records With Launch of World's Largest Solar Power Project

Published September 17th, 2017 - 11:12 GMT
The new project will be built at a total cost of Dh14.2 billion ($3.8 billion). (Photo: First Solar)
The new project will be built at a total cost of Dh14.2 billion ($3.8 billion). (Photo: First Solar)

Dubai has announced the largest single-site Concentrated Solar Power (CSP) project in the world, which will be built at a total cost of Dh14.2 billion ($3.8 billion).

The project, which represents the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, will generate 700MW of clean energy to support Dubai's electricity grid. The project is considered an integral part of the emirate's Clean Energy Strategy 2050.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, highlighted the UAE's model for sustaining a green economy based on environmental sustainability and clean energy. The UAE has a clear strategy for implementing and further developing this model to maximise its benefits, in addition to investing in infrastructure, building capabilities and developing specialised local talent.

"We have made steady progress in realising the goals of Dubai Clean Energy Strategy 2050 that was launched as part of our objective to transform Dubai into a global clean energy and green economy hub. The carbon footprint of Dubai will be the lowest in the world by 2030," said Sheikh Mohammed. 

The contract was awarded to a consortium comprising of Saudi Arabia's ACWA Power and China's Shanghai Electric. The consortium bid the lowest Levelised Cost of Electricity (LCOE) of USD 7.3 cents per kilowatt hour (kW/h). The project will have the world's tallest solar tower, measuring 260 metres. The power purchase agreement and the financial close are due to be completed shortly. The project will be commissioned in stages, starting from Q4 of 2020.

Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA said: "This achievement greatly boosts our objectives and positions us as one of the leading countries of the world in terms of clean and renewable energy. The Dubai Clean Energy Strategy 2050 aims to increase the share of clean energy in Dubai's total power output to 7% by 2020, 25% by 2030, and 75% by 2050."

The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world, based on the IPP model. It will generate 1,000MW by 2020 and 5,000MW by 2030. The 13MW photovoltaic first phase became operational in 2013. The 200MW photovoltaic second phase of the solar park was launched in March 2017. The 800MW photovoltaic third phase will be operational by 2020, and the first stage of the 700MW CSP fourth phase will be commissioned in Q4 of 2020.

 


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