Dewa wins Renewables Deal of the Year

Dewa wins Renewables Deal of the Year

Dubai Electricity and Water Authority (Dewa) won the '2020 Middle East and Africa Renewables Deal of the Year' from Project Finance International (PFI) magazine for the photovoltaic 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park. PFI magazine, a subsidiary of Thomson Reuters, focuses on tracking and analysing projects, financial budgets and project deals worldwide. Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, received the award. The PFI Awards are one of the industry's most outstanding annual accolades. Every year, they honour individuals, organisations and projects with the best achievements and financial transactions in the world. The magazine's journalists and high-profile independent figures in the industry audit the Awards.

"Supporting the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which guides us to unprecedented success and achievements, Dewa continues to contribute effectively to the sustainable development of the UAE. The 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model is a quality addition to our successful clean and renewable energy projects using the best global technologies. The 5th phase