27 Jun '16, 7am

Masdar to implement 800 MW 3rd phase of the Mohammed bin Rashid Al Maktoum Solar Park

Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, on June 26th , 2016 witnessed the signing of a Memorandum of Understanding (MoU) between UAE Minister of State and Chairman of Masdar, Abu Dhabi Future Energy Company, Dr. Sultan Ahmed Al Jaber, and Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), Saeed Mohammed Al Tayer, on the implementation of the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park. The 800 MW third phase will be constructed based on the Independent Power Producer (IPP) model. The selected bidder for the project is a Masdar-led consortium including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group. “The significant scale and competitive cost of this project are a clear signal that solar energy is a reliable and commerciall...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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