Dubai’s water and power utility DEWA said on Saturday it had agreed to increase the amount of electricity it would purchase from a solar park being built by a consortium led by Saudi Arabia’s ACWA Power.
As a result of the increased purchases by DEWA, the park’s capacity would increase from 950 megawatts (MW) to 700 MW, the Dubai government said in a statement.
“Following the amendment, the total investment for the ambitious project has reached 16 billion dirhams ($4.4 billion),” it said.
The project’s cost before the capacity increase was estimated at $3.9 billion.
The project would feature a 260-meter tower receiving focused sunlight, the world’s tallest such tower, the Dubai government said.
The first stage of the project is due to be commissioned in late 2020. It is part of the Mohammed bin Rashid al-Maktoum Solar Park, a vast complex which that aims to generate 1,000 MW by 2020 and 5,000 MW by 2030.
The government aims to use the solar park and other energy sources to increase the share of clean energy in Dubai’s power output to 7 percent by 2020, 25 percent by 2030 and 75 percent by 2050.
Abu Dhabi closes $872 mln financing for world’s largest solar plantAbu Dhabi’s government-owned power utility has closed a $872 million (Dh3.2 billion) financing package for what will be the world’s ... Energy
Abu Dhabi’s Masdar seals $188 mln funding for Jordan solar projectAbu Dhabi’s Future Energy Company (Masdar) has completed a $188 million financing package for the largest solar power plant in Jordan, it said ... Energy
Saudi Arabia awards ACWA Power its first 300 MW solar PV projectSaudi Arabia’s energy ministry said on Tuesday it had awarded its first solar PV project to renewable energy developer ACWA Power. ... Energy
World Bank bets big on batteries for solar energy boostSolar energy could be a huge source of power in Africa, but its potential has been stymied by storage batteries that are too expensive and inadequate ... Technology
WATCH: UAE breaks ground on world's biggest solar power projectSheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, broke ground on the 700MW fourth phase of the Mohammed ... Energy