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FINANCIAL NEWS
Dubai’s Dewa invites bids for 800MW solar park’s third phase
27 Sep 2015
(MENAFN) Dubai Electricity and Water Authority (Dewa) has invited bids for the 800MW phase three of the Mohammed bin Rashid Al Maktoum Solar Park.
The project, which is based on the Independent Power Producer (IPP) model, is another achievement that will put Dubai and the UAE at the forefront of the countries in the region in producing renewable and clean energy.
Dewa has increased the share of renewable energy targets in Dubai’s energy mix to 7 per cent by 2020 and 15 per cent by 2030, and doubled the capacity of phase two of the Solar Park from 100 to 200MW.
Dewa will start accepting Expression of Interest proposals from international developers by end of September 2015. The project’s tender is expected to be released in Q4 of 2015.
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