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Mon 14 Sep 2015 01:47 PM

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Dubai said to award new $3.3bn solar park deals in Q1 2016

Phase 3 of Mohammed bin Rashid Al Maktoum Solar Park will likely be awarded to more than one firm

Dubai said to award new $3.3bn solar park deals in Q1 2016
Solar energy, renewable energy, clean energy generic

Dubai’s government-owned utility is likely to award contracts to build the third phase of a $3.3 billion solar energy park in the first quarter of 2016, it has been reported.

Bloomberg reported that the project to produce 800 megawatts of electricity from solar power will probably be awarded to more than one company, quoting Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity & Water Authority.

Recently, DEWA doubled the capacity of phase two of the Mohammed bin Rashid Al Maktoum Solar Park from 100 to 200MW, and has announced that it increased the share of renewable energy targets in Dubai's energy mix to 7 percent by 2020 and 15 percent by 2030.

Bloomberg said DEWA is still deciding whether to build the plant all at once or at different times to take advantage of lower costs.

DEWA manages and operates the Mohammed bin Rashid Al Maktoum Solar Park, which is one of the largest renewable energy projects in the region.

The 13MW first phase became operational in 2013 and a consortium led by Saudi Arabia's ACWA and Spain's TSK was selected to implement the 200MW second phase of the Solar Park, which will be operational by 2017.

DEWA aims to have solar capacity of 1,000 megawatts by 2020 and 3,000 megawatts by 2030.

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