| Project Detail |
The 200MW phase two of the Mohammed bin Rashid Al Maktoum Solar Park was commissioned in March 2017. Developed under the build-own-operate (BOO) mode, the project is the biggest solar power plant in the Middle East.
The renewable power project forms part of the larger 1GW Mohammed bin Rashid Al Maktoum Solar Park, which is expected to be completed by 2030. The overall project site will cover an area of 48km², located south-east of Dubai. The total development cost of the project is estimated to be AED12bn ($3.2bn approximately).
Phase two was constructed by the consortium of ACWA Power (85%) and TSK (15%) under a contract awarded in January 2015, and is being managed by the Dubai Electricity and Water Authority (DEWA). DEWA owns a 51% equity stake in the project, while the developer owns the remaining 49%.
The project was registered under the United Nations Framework Convention on Climate Change (UNFCCC), Clean Development Mechanism (CDM) with an initial crediting period of seven years in November 2016.
The new plant will produce enough electricity to power 30,000 homes and displace 469,650t of carbon emissions a year. It will also enable the city to diversify its energy sources and achieve the target of generating 7% of its energy output from solar by 2020 and 15% by 2030.
|
