Dubai’s Dh15.78b solar project to provide clean energy for around 320,000 residences

Dubai’s Dh15.78b solar project to provide clean energy for around 320,000 residences

Al Tayer was briefed by Noor Energy 1 officials on the work progress in the 4th phase, which is the largest single-site project that combines Concentrated Solar Power (CSP) and photovoltaic technology. The construction of the first phase of the project is complete, covering 100% of the 100MW from the solar tower, 200MW from the parabolic basin complex, and 217MW from photovoltaic solar panels. The second phase, with 200MW from the parabolic basin complex, is 98.5% complete. The 3rd phase, consisting of 200MW from the parabolic basin complex and 33MW from photovoltaic solar panels, is 87.1% complete.

DEWA and the ACWA Power-led consortium, established Noor Energy 1 as a project company to design, build, and operate the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park. DEWA holds a 51% stake in the company, while ACWA Power holds 25%, and the Chinese Silk Road Fund owns 24%.

The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world with a planned total capacity of 5,000 megawatts (MW) by 2030. The Solar Park’s projects constitute one of the key pillars of the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy