His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai inaugurated the 200MW first stage of the 800MW third phase at the Mohammed bin Rashid Al Maktoum Solar Park
The Dubai Electricity & Water Authority (DEWA) is using the Independent Power Producer (IPP) model at Levelised Cost of Energy of US?2.99 cents per kWh third for the third phase of the project.
A consortium led by Abu Dhabi Future Energy Company (Masdar) and France?s ?lectricit? de France (EDF) Group are implementing the third phase.
The second and third stages of the third phase, which have a capacity of 300MW each, will be completed in 2019 and 2020 respectively.
?Masdar and DEWA have played an active role in enhancing the cost efficiency and productivity of renewable energy by deploying the latest advances in technology. Solar power complements conventional energy in a relationship that makes perfect economic sense in this region, given the number of clear sunny days in the year, by helping to reduce energy costs through peak shaving,? said Sultan Ahmed Al Jaber, UAE minister of state and chairman of Masdar.
?It is a great honour for the EDF Group to contribute to the Emirate of Dubai?s energy transition. I am delighted with the trusting relationship we have forged with our partners, DEWA and Masdar, to develop carbon-free energy in the region and beyond,? said Jean-Bernard Levy, CEO of EDF Group.
Dubai announced its Dubai Clean Energy Strategy in November 2015 with an aim to produce 75 per cent of its energy requirements from clean sources by 2050.
An important part of this plan is the Mohammed Bin Rashid Al Maktoum Solar Park, with a capacity to produce 5,000 MW by 2030.
