Construction progress for $4.3bn Phase 4 of Dubai’s MBR Solar Park

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30 ديسمبر 2018آخر تحديث : منذ 5 سنوات
Construction progress for $4.3bn Phase 4 of Dubai’s MBR Solar Park

DEWA MBR - مجلة مال واعمال

Construction on the 950MW Phase 4 of Dubai’s Mohammed Bin Rashid Al Maktoum Solar Park (MBR Solar Park) is picking up steam, with 128 pillars on the megaproject’s solar tower now complete.

The update was announced by HE Saeed Mohammed Al Tayer, managing director and chief executive officer of Dubai Water and Electricity Authority (Dewa), during a visit to the park. The project is one of the world’s largest single-site solar parks, featuring a total investment of $13.6bn (AED50bn) with an expected total capacity of 5,000MW by 2030.

The update comes nearly two months after Dewa’s power purchase agreement with Saudi Arabia’s Acwa Power-led consortium was amended through an agreement on 3 November 2018, increasing Phase 4’s energy capacity through the installation of extra photovoltaic panels. The move brought the total investment in Phase 4 to approximately $4.3bn (AED16bn).

Al Tayer was briefed on the progress of construction work this week by Abdul Hamid Al Muhaidib, executive managing director of Noor Energy 1, a venture formed through a partnership between Dewa, Saudi Arabia’s Acwa Power, and China’s Silk Road Fund to build the fourth phase of the park.

The project’s fourth phase, Dewa said, will use three technologies to produce 950MW of clean energy, of which 600MW will be from a parobolic basin complex, 100MW from a solar tower, and 250MW through photovoltaic panels.

It will also have the world’s tallest solar tower, set to stand at 260m, and the largest thermal energy storage capacity in the world, worth 15 hours, allowing for energy production 24 hours per day.

Built in phases, the megaproject represents the cornerstone of Dubai Clean Energy Strategy as the emirate looks to hasten its shift towards clean energy such as solar power. The 13MW photovoltaic Phase 1 kicked off in 2013, Phase 2 started in March 2017, with Phase 3 expected to kick off in 2020.

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