DEWA signs Power Purchase Agreement for 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park

DEWA signs Power Purchase Agreement for 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park

In November 2019, DEWA announced the consortium led by ACWA Power and Gulf Investment Corporation the Preferred Bidder to build and operate the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.. To implement the project, DEWA established Shuaa Energy 3 in partnership with the consortium led by ACWA Power and Gulf Investment Corporation.. "The 900MW fifth phase of the Solar Park using the Independent Power Producer (IPP) model adds to our successful solar power and clean energy projects that use the best global technologies to generate electricity from clean energy sources.. DEWA received the lowest global bid of USD 1.6953 cents per kilowatt hour for this project, which will use the latest solar photovoltaic bifacial technologies, with Single Axis Tracking to increase generation.. The 4th phase of the solar park is the largest single-site CSP project in the world based on the IPP model, with investments of AED15.78 billion.. The fourth phase of the solar park will use three technologies to produce 950MW of clean energy: 600MW from a parabolic basin complex, 100MW from a solar power tower, and 250MW from photovoltaic panels..