Dubai adds 250MW of PV at 2.4 cents tariff to CSP deal with ACWA Power consortium

Facebook
Twitter
LinkedIn
Reddit
Email
Credit: Dewa

Dubai Electricity and Water Authority (DEWA) has added 250MW of solar PV to its agreement with a consortium led by Saudi-based developer ACWA Power for capacity in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is already one of the world’s largest Concentrated Solar Power (CSP) developments.

DEWA has signed an amendment to the power purchase agreement (PPA) with the consortium, which includes China's Shanghai Electric, for the new 250MW of PV to be supplied at a price of just US$0.024/kWh, amongst the world's lowest utility-scale solar tariffs.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The total capacity of the fourth phase of the solar park will rise from 700MW to 950MW, however, the original fourth phase was made up of 600MW from a parabolic basin complex and 100MW from a solar tower and is said to have the lowest Levelised Cost of Electricity (LCOE) of US$0.073/kWh for CSP technology. The project is also set to have what is claimed to be the world’s tallest solar tower at 260 metres, and the largest thermal energy storage capacity of 15 hours, allowing for round-the-clock energy generation.

The park is set to have an overall power capacity of 5GW by 2030 and investments worth AED 50 billion (13.6 billion). The first 13MW solar PV phase became operational in 2013. The second 200MW PV phase of the solar park was launched in March 2017 and the 800MW third phase will be operational by 2020.

Crown Prince of Dubai and chairman of The Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said: “Being at the forefront of technological advancement in this sector is critical to Dubai’s aspiration of becoming one of the leading cities of the world. We see this project being a unique model for large clean energy projects elsewhere in the world. This ambitious initiative also adds a new facet to our cooperation with two of our strongest partners, Saudi Arabia and China. The project brings together a distinctive combination of advanced knowledge and expertise to create the largest single-site solar park in the world.”

Read Next

September 1, 2025
General Corporation for Electricity Transmission and Distribution has signed a deal with Syrian-Turkish Energy Company (STE) to build a 100MW solar plant in Kafr Behm, Hama Governorate.
August 28, 2025
Bahraini, Chinese, Egyptian and Emirati groups have agreed to develop a new solar and storage manufacturing facility in Egypt
August 22, 2025
Saudi developer ACWA Power has started commercial operations of a 2.7GW solar PV portfolio in its home country.
August 20, 2025
The consortium building the Al Sadawi PV power plant in Saudi Arabia has reached financial close on the 2GW project.
August 18, 2025
Investment fund Stonepeak has launched a new Middle Eastern renewables platform headed up by a former executive at Jinko Power.
July 28, 2025
French energy major TotalEnergies has begun the construction of its 1GW solar farm in the Basra region of southern Iraq. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines