It is planned to be the largest single-site solar park in the world, producing 5,000 MW by 2030 with a total investment of $13.61 billion
A consortium led by Abu Dhabi's Masdar has been selected to build the 800-megawatt (MW) third phase of Dubai's solar park, the emirate's utility said.
The consortium also includes Spanish companies Fotowatio Renewable Ventures (FRV) and Gransolar Group, Dubai Electricity and Water Authority said in a statement late on Sunday.
The third phase of Sheikh Mohammed bin Rashid al-Maktoum Solar Park will be operational by 2020, it added.
It is planned to be the largest single-site solar park in the world, producing 5,000 MW by 2030 with a total investment of 50 billion dirhams ($13.61 billion), DEWA added.
Dubai is targeting to generate 25 percent of its total power from clean energy sources by 2030.
DEWA said last month that the lowest generation price offered by five potential bidders to build the plant was 2.99 cents per kilowatt-hour (kWh).
It didn't name the bidders, but sources told Reuters that as well as Masdar, China's Jinko Solar, France's EDF and Saudi Arabia's ACWA Power were among the companies either bidding alone or as part of different consortia.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.