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Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar), announced the financial closing of the 1800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The solar park’s capacity will exceed 5,000 megawatt by 2030, with investments totalling approximately AED 50 billion. This is a new milestone in promoting the use of clean and renewable energy in the UAE.

Abu Dhabi Future Energy Company (Masdar) was selected as the Preferred Bidder to build and operate the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park using photovoltaic solar panels based on the Independent Power Producer (IPP) model, with costs up to AED 5.5 billion. This phase will provide clean energy for approximately 540,000 residences and will reduce around 2.36 million tonnes of carbon emissions annually. The project will cover an area of 20 square kilometres. In addition, the 6th phase has achieved the lowest Levelized Cost Of Energy (LCOE) of US$1.6215 cents per kilowatt hour (kWh) in the Solar Park.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, noted that this achievement is in line with the directives of the wise leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE; and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai. This project also supports the goals of the UAE's Year of Sustainability 2024 to protect and preserve the environment for the benefit of future generations. The Mohammed bin Rashid Al Maktoum Solar Park supports the UAE’s position as a leading global hub for clean energy. It is aligned with the UAE Net Zero by 2050 strategic initiative, the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai’s total power capacity from clean energy sources by 2050.

said Al Tayer

For the 6th phase of the Solar Park, DEWA established Shuaa Energy 4 in partnership with Masdar. DEWA owns 60% of the company, whereas Masdar owns the remaining 40%.

Mohamed Jameel Al-Ramahi, Masdar CEO, said:

The lending group to the project includes Abu Dhabi Commercial Bank, Commercial Bank of Dubai, First Abu Dhabi Bank, HSBC, Standard Chartered Bank , Abu Dhabi Islamic Bank and Warba Bank.

•  Emerge, a joint venture between Masdar and EDF, to install 1 MW peak capacity solar power project at non-profit American school in UAE
•  Project will generate approx 35% of American Community School’s annual energy, equivalent of displacing 770 tonnes of CO2 from the atmosphere

Emerge, a joint venture between the UAE’s Masdar and France’s EDF, has signed an agreement with American Community School of Abu Dhabi (ACS) to install a 1 megawatt peak (MWp) solar photovoltaic (PV) project at ACS’s new environmentally sustainable campus on Saadiyat Island, UAE. The project will generate approximately 35 percent of ACS’s total annual energy demand, an equivalent of displacing 770 tonnes of carbon emissions every year. The project fully aligns with the UAE sustainability goals and contributes to the country’s Net Zero by 2050 strategic initiative.

The project will involve installing 1,380 solar modules across the rooftop and car park spaces at the new state-of-the-art campus. Emerge will provide a full turnkey solution for the project, including finance, design, procurement, construction, operations, and maintenance for 25 years.

Michel Abi Saab, General Manager, Emerge, said:

Monique Flickinger, Superintendent, American Community School, said:

This project marks another expansion in Emerge’s UAE portfolio. Emerge was formed in 2021 as a joint venture between Masdar and EDF to develop distributed solar, energy efficiency, street lighting, battery storage, off-grid solar and hybrid solutions for commercial and industrial clients. Emerge offers clients full turnkey supply and demand side energy management solutions through solar power agreements and energy performance contracting at no up-front cost to the client.