The consortium is led by Saudi-based ACWA Power and Gulf Investment Corporation
Dubai Electricity and Water Authority (DEWA) selected a consortium to build and operate the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park).
The consortium is led by ACWA Power and Gulf Investment Corporation. The project is the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model, the Dubai Media Office tweeted.
DEWA has achieved a world record by receiving the lowest bid of $1.6953 cents per kilowatt hour (kW/h) for this phase, tendered in February, and received 60 requests for qualifications (RFQ).
“Upon completion, the solar park will reduce at least 6.5 million tonnes of carbon dioxide emissions annually and provide thousands of jobs in clean energy and green economy,” Saeed Mohammed Al Tayer, MD & CEO at DEWA told Zawya earlier in November.
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