Saturday 22 July 2017

Gulf Business/Aarti Nagraj: Phase 3 of mega Dubai solar park on track for completion by 2020


[Gulf Business]
Phase 3 of mega Dubai solar park on track for completion by 2020

The 800MW third phase of the park is being developed in three stages
Aarti Nagraj
Thursday 20 July 2017


The third phase of the massive Mohammed bin Rashid Al Maktoum Solar Park in Dubai is progressing on track to be fully complete by 2020, according to the Dubai Electricity and Water Authority (DEWA).

The announcement comes after DEWA managing director and CEO Saeed Mohammed Al Tayer conducted a field visit to the site.

The 800MW third phase of the park is being developed by Shuaa Energy 2 – a joint venture established between DEWA (with a 60 per cent stake) and a Masdar-led consortium which also includes Electricite de France (EDF)’s subsidiary EDF Energies Nouvelles (with a 40 per cent stake).

The consortium managed to close the financing for the third phase in June with seven different institutions, with the project becoming the largest in the Middle East to receive Sharia-compliant financing.

Read more: Masdar consortium closes financing for 800MW third phase of Dubai solar park

An international consortium led by Spanish renewable energy contractor GranSolar from Spain won the contract for engineering, procurement, and construction (EPC) early this year, and so far 22 per cent progress has been made on the project, DEWA said.

The third phase will be completed in three stages over 16 square kilometres. The first 200MW stage is expected to be operational in the first half of 2018.

The 300MW second stage will be operational in 2019, and the third 300MW stage will be completed in the first half of 2020.

Al Tayer stressed the need to “maintain the highest standards of security, health and safety, and to adhere to the project’s contractual schedule”.

The overall project is the largest single-site solar park in the world, based on the IPP model, with a planned capacity of 1,000MW by 2020 and 5,000MW by 2030, and a total investment of Dhs50bn ($13.6bn).

The 200MW second phase was inaugurated by the UAE’s Vice President and Prime Minister and Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum in March.

When completed, it is expected to save approximately 6.5 million tonnes per annum in emissions, according to DEWA.

The park will also be connected to the World Expo site, and provide it with 400MW of power.

The solar park project is part of plans to achieve the targets of the Dubai Clean Energy Strategy 2050, which aims to provide 7 per cent of Dubai’s energy from clean sources by 2020, 25 per cent by 2030, and 75 per cent by 2050.

Also read: UAE to invest Dhs600bn by 2050 in clean energy strategy
Comments

0 comments
Also from our network
Saudi woman briefly arrested for wearing short skirt in online video
Dubai's Emirates terminates 10-year management deal with TAAG Angola Airlines, cut flights
More than 572,000 leave during Saudi amnesty
Saudi Royal Court announces death of prince
UAE to cut residency permit processing time by 50%
Saudi king orders arrest of 'abusive' prince
Computer errors, confusion in initial days of Saudi dependents fee
American accuses Qatar Airways CEO of being "sexist and ageist" after flight crew comments
ALSO READ
DEWA receives 30 expressions of interest for Dubai concentrated solar plant
DEWA receives 30 expressions of interest for Dubai concentrated solar plant
Dubai’s DEWA awards deal for 800MW solar park to Masdar-led group
Dubai’s DEWA awards deal for 800MW solar park to Masdar-led group
Dubai’s DEWA confirms that solar park’s phase 2 is 80% complete
Dubai’s DEWA confirms that solar park’s phase 2 is 80% complete
Dubai’s DEWA plans tender for 800 MW third phase of solar park
Dubai’s DEWA plans tender for 800 MW third phase of solar park
Dubai’s Dhs12bn Solar Park On Schedule
Dubai’s Dhs12bn Solar Park On Schedule
Dubai’s DEWA announces financial close of phase II of mega solar park
Dubai’s DEWA announces financial close of phase II of mega solar park
Masdar consortium closes financing for 800MW third phase of Dubai solar park
Masdar consortium closes financing for 800MW third phase of Dubai solar park
Work on phase 3 of Dubai’s mega solar park to begin this month
Work on phase 3 of Dubai’s mega solar park to begin this month
Lists
Top 50 GCC Banks 2017
Top 100 Most Powerful Arabs 2017
Top 100 GCC Companies 2016
Top 50 GCC Banks 2016
Top 50 GCC Banks 2015
Top 100 Powerful Arabs 2015
Advertisement
Most Read
Saudi rejects 63% of work visa applications in 2016 ahead of Nitaqat changes
Saudi Arabia ranked as world's least active country in new study
Emirates A380 flight 'almost collides' with Air Seychelles aircraft - reports
Abu Dhabi ranked second best city globally to live, visit and do business
Saudi, UAE, Bahrain and Egypt reduce Qatar demands to six 'principles'
Saudi king orders arrest of 'abusive' prince
Saudi Royal Court announces death of prince
Kuwait MP calls for 10-year limit for foreign workers
Saudi's expat dependent fee: Everything you need to know
Managing director of Dubai theme parks operator DXB Entertainments resigns
Editor's Picks
Emirates and flydubai announce new partnership
IMF lowers 2017, 2018 UAE growth forecasts
Dubai's Jumeirah to enter Saudi with new mega hotel in Makkah
WHO warns of cholera risk at haj, praises Saudi preparedness
SUBSCRIBE TO OUR DAILY NEWSLETTER

Advertisement

    Advertise With Us
    Privacy Policy
    Contact us
    Subscribe

Copyright © 2017 by Gulf Business.

No comments: