Dubai Electricity and Water Authority (DEWA) has signed a 25-year Power Purchase Agreement (PPA) for the 900 MW 5th phase of the Mohammed bin Rashid Al Maktoum solar power plant in Dubai, in the United Arab Emirates (UAE). In November 2019, a consortium led by ACWA Power and Gulf Investment Corporation was selected as the preferred bidder to develop the 5th phase, a solar PV project, offering a price of less than US$1.70c/kWh. To execute the project, DEWA created Shuaa Energy 3 in cooperation with the consortium led by ACWA Power and Gulf Investment Corporation; DEWA owns 60% of the company, and the consortium owns the remaining 40%. The 5th phase will be progressively commissioned, starting from the mid-2021.
The Mohammed bin Rashid Al Maktoum solar project is a giant solar PV and CSP project developed by DEWA with investments of up to AED50bn (US$13.6bn). The project is expected to have a capacity of 5 GW by 2030. The 13 MW first phase became operational in 2013, using photovoltaic solar panels. The second phase (200 MW of solar PV) was commissioned in March 2017. The third phase of 800 MW is being commissioned in three stages: the first 200 MW stage was commissioned in 2018, the second 300 MW stage in 2019 and the third 300 MW stage is under construction and expected in 2020. The fourth phase of the Bin Rashid Al Maktoum Solar Park (950 MW) will include 250 MW of solar PV, 600 MW from a parabolic basin complex, and 100 MW from a solar power tower, while the fifth phase will consist of 900 MW of solar PV capacity.
As part of the Dubai Clean Energy Strategy 2050, DEWA intends to supply 75% of Dubai’s total power production from renewables by 2050.
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