DEWA & Masdar reach financial closing on 6th phase of MBR Solar Park

DEWA & Masdar reach financial closing on 6th phase of MBR Solar Park

Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar) have announced the financial closing of the 1800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park, the largest single-site solar park in the world. The solar park’s capacity will exceed 5,000 megawatts by 2030, with investments totaling approximately […]Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar) have announced the financial closing of the 1800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park, the largest single-site solar park in the world.

The solar park’s capacity will exceed 5,000 megawatts by 2030, with investments totaling approximately $13 billion (AED 50 billion). This is a new milestone in promoting the use of clean and renewable energy in the UAE.

Saeed Mohammed Al TayerMD & CEODEWA

“This achievement is in line with the directives of the wise leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan; and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai. This project also supports the goals of the UAE’s Year of Sustainability 2024 to protect and preserve the environment for the benefit of