Dubai Electricity and Water Authority (DEWA) has renegotiated its power purchase agreement with the consortium led by Saudi-based developer ACWA Power and the Chinese company Shanghai Electric to support the deployment of additional capacity for the fourth phase of the Mohammed bin Rashid Al Maktoum solar park in Dubai (United Arab Emirates).
The two companies have agreed to increase the amount of purchased electricity and to raise the park phase's projected capacity from 700 MW to 950 MW, at a cost of US$2.4c/kWh. The total investment in the 250 MW additional solar photovoltaic (PV) capacity is slated to rise to AED16bn (US$4.36bn).
The 700 MW fourth phase should include a 600 MW parabolic basin complex (CSP capacity) and a 100 MW solar tower, with a Levelised Cost of Electricity (LCOE) of US$7.3c/kWh.
The first phase (13 MW) of the Mohammed bin Rashid Al Maktoum solar park was commissioned in 2013 and the second phase of 200 MW followed in March 2017. The third phase (800 MW of photovoltaic capacity) will be operational by 2020 (progressive completion of three stages, with the first 200 MW phase commissioned in May 2018). The solar park is set to have an overall power capacity of 5 GW by 2030 for a total cost of AED50bn (US$13.6bn).
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