Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai witnessed the signing of an agreement between Dubai Electricity and Water Authority (DEWA) and Masdar, Abu Dhabi Future Energy Company PJSC.
The agreement is to build and operate the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, set to be the largest single-site solar park in the world, the new phase will have a capacity of 1,800 megawatt (MW) and will cost AED5.5bn.
Sheikh Mohammed bin Rashid said, “Today, I witnessed with Mansour bin Zayed the signing of an agreement between the Dubai Electricity and Water Authority (DEWA) and Masdar, Abu Dhabi Future Energy Company, to implement the sixth phase of the world’s largest single-site solar park, at a cost of AED5.5 billion. This phase will power over half a million residences while reducing carbon emissions by 2.36 million tonnes annually. All phases of this landmark project are expected to be completed by 2030, with a total investment of AED50 billion. We’re on track to achieve our ambitious goal – 100% clean energy for Dubai by 2050.”
The agreement was signed in presence of Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister of the UAE and Minister of the Presidential Court; General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs; and Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs.
The agreement was signed by Dr. Sultan Al Jaber, UAE Minister of Industry & Advanced Technology, Chairman of Masdar and COP28 President-Designate, and Saeed Mohammed Al Tayer, Managing Director & Chief Executive Officer of DEWA.
Last month, it was announced that DEWA found Masdar as the preferred bidder for the project, selected from 23 high-calibre international bidders.
The current total production capacity of the solar park is 2,427MW.
His Excellency Dr. Sultan Al Jaber said, “Being awarded this landmark renewable energy project on the world’s largest single-site solar park is another significant milestone for Masdar. It is a testament to Masdar’s track record in pioneering clean energy projects as we continue to support the UAE’s Net Zero by 2050 strategic initiative. Ahead of our nation hosting COP28 later this year, it is vital that the world triples global renewable energy capacity by 2030 to keep the ambition of 1.5 degrees within reach. This landmark project demonstrates definitive action in our shared journey towards a cleaner, greener future.”
His Excellency Saeed Mohammed Al Tayer, MD & CEO of DEWA said, “In line with the vision and directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE; and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we are committed to achieving a balance between development and environmental sustainability across social, economic and environmental plans. This underscores the UAE’s prominent status as one of the world’s largest investors in clean and renewable energy projects. It also affirms our support for the UAE’s hosting of the COP28 at Expo City Dubai, aligning our strategies and policies with the UN Sustainable Development Goals 2030 in sustainability, innovation and future-making.”
Mohammed Jameel Al Ramahi, Masdar CEO said, “Following our successful delivery of phase three of the Mohammed bin Rashid Al Maktoum Solar Park as part of an international consortium, this latest award once again shows that Masdar is a global leader in clean energy as we move forwards from 20GW capacity today to reach 100GW of clean energy capacity by 2030 driving decarbonisation at home and abroad.” When fully completed, the solar park will reduce over 6.5 million tonnes of carbon emissions annually. The 1,800MW sixth phase will become operational in stages starting from Q4 of 2024.
Once completed, the solar park will reduce over 6.5 million tonnes of carbon emissions annually.
The project is expected to become operational from Q4 of 2024.
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