Shangai Electric has selected the JinkoSolar to supply around 1 GW of solar modules for the Mohammed bin Rashid Solar Park in Dubai (United Arab Emirates). In addition to the contract, the two parties signed a strategic partnership agreement to strengthen cooperation in the field of renewables.
In July 2020, ACWA Power signed an Engineering, Procurement and Construction (EPC) contract with Shanghai Electric for the 5th phase of the project. The project's power generation will be sold to the Dubai Electricity and Water Authority (DEWA) under a 25-year Power Purchase Agreement (PPA) signed in April 2020.
The Mohammed bin Rashid Al Maktoum solar project combines PV and CSP with investments of up to AED 50bn (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 by-end 2020. The fourth phase will include 250 MW of solar PV, 600 MW from a parabolic basin complex, and 100 MW from a solar power tower.