Dubai Breaks Ground on World’s Biggest CSP Project

DUBAI, United Arab Emirates–(BUSINESS WIRE)–HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime
Minister of the UAE and Ruler of Dubai, broke ground on the 4th
phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the
biggest Concentrated Solar Power (CSP) investment project in the world,
based on the Independent Power Producer (IPP) model, and will generate
700MW on a single site. It will have the world’s tallest solar tower at
260 metres, and the largest thermal energy storage capacity in the
world. It will provide clean energy to 270,000 residences, reducing 1.4
million tonnes of carbon emissions annually. The project will use two
technologies: a 600MW parabolic basin complex and a 100MW solar tower,
over 43 square kilometres. This project, with AED14.2 billion in
investments, achieved the lowest Levelised Cost of Electricity (LCOE) of
USD 7.3 cents per kW/h.

HH Sheikh Mohammed bin Rashid Al Maktoum said that developing the UAE’s
infrastructure is top priority for the leadership and vital to raising
the country’s global competitiveness.

HE
Saeed Mohammed Al Tayer, MD & CEO of Dubai
Electricity and Water Authority (DEWA) said that the project
supports the directives of HH Sheikh Mohammed bin Rashid Al Maktoum to
expedite the pace of clean and renewable energy projects to secure a
happy future and enhance the quality of life for future generations in
an economy that doesn’t rely on oil. This will also achieve the Dubai
Clean Energy Strategy 2050 to provide 75% of Dubai's total power output
from clean sources.

Mohammad Abu Nayyan, Chairman of ACWA Power, said, "We are proud of our
role in obtaining the lowest price globally for the second phase of the
solar park. Today we are driving price reduction for CSP projects
globally, achieving more than just one unprecedented world record, by
constructing the world's tallest solar tower and providing the highest
storage capacity.”

Cao Min, President of Shanghai Electric, said, “On behalf of Shanghai
Electric, I would like to express warm congratulations on the
groundbreaking of this project, which is by far the largest and most
advanced CSP project co-developed by DEWA and ACWA Power and implemented
by Shanghai Electric as EPC contractor.”

*Source: AETOSWire

Contacts

Dubai Electricity and Water Authority (DEWA)
Ribal Dayekh /
Mosaad Abdelrahman
+971508057573, +97145151784
Ribal.dayekh@dewa.gov.ae,
Mosaad.abdelrahman@dewa.gov.ae