The CEO of Masdar has reportedly told Reuters of his company’s ambition and said it would partly be achieved by developing projects in new territories.
The Dubai Water and Electricity Authority (DEWA) has issued a tender to seek IPP advisory services for the fifth phase of the gargantuan solar plant. After launching the first four phases, which are set to reach a combined capacity of 1 GW, the emirate is now assessing how to reach the 5 GW target set for the project by 2030
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Company (DEWA) announced that the firm has launched a new wholly owned investment subsidiary. It is called Jumeirah Energy International Silicon Valley Company and, as the name entails, is found in the Silicon Valley in California.
A consortium consisting of Chinese Shanghai Electric and Saudi ACWA Power has bagged an order to build a 700 MW CSP plant, the fourth phase of the 1 GW Mohammed bin Raschid al-Maktum solar park located in the Dubai Desert.
The French power utility will join forces with a consortium led by Abu Dhabi-based developer Masdar to build the third 800 MW phase of the largest PV project in the UAE.
The record-breaking second phase of the Mohammed bin Rashid Al Maktoum Solar Park is now over 80% complete, with progress going well for the April 2017 completion target, as the park continues to grow with an eventual goal of being 5 GW in size.
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