Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) and the consortium which is led by Saudi Arabia-based ACWA Power and China’s Silk Road Fund have revealed the financial closing of the fourth phase in the Mohammed bin Rashid Al Maktoum Solar Park.
The facility is set to produce 5,000 megawatts by 2030 with total investments of AED 50 billion, according to a press release.
The fourth phase is the largest global project which include concentrated solar power (CSP) and photovoltaic-power techniques with total investments of AED 15.78 billion, CEO and managing director of DEWA Saeed Mohammad Al Tayer said.
This phase also will provide clean energy to 320,000 houses, and will contribute to reducing 1.6 million tonnes of carbon emissions on annual basis, Al Tayer added.
The Emirati top official further noted that the project will comprise the tallest Solar updraft tower in the world with 260 metres length.
