The Dubai Electrical energy and Water Authority (DEWA) right now shared an replace on the progress of the buildout of each the fourth and fifth phases of the 5,000-MW Mohammed bin Rashid Al Maktoum photo voltaic park.

The replace follows an inspection of the work progress on the mission website by Saeed Mohammed Al Tayer, managing director and CEO of DEWA.

The announcement says that the AED-15.78-billion (USD 4.3bn/EUR 4.32bn) fourth part of the mission is at 90% completion. It’s being developed by Noor Vitality 1, a mission firm wherein DEWA holds a controlling stake of 51%, whereas Saudi Arabia’s ACWA Energy Co (TADAWUL:2082) owns 25% and the Chinese language Silk Highway Fund owns 24%.

Section 4, with a complete capability of 950 MW, is a hybrid scheme that options 3 totally different photo voltaic applied sciences and is alleged to be the most important single-site mission mixing Concentrated Photo voltaic Energy (CSP) with photovoltaics (PVs) that makes use of the Unbiased Energy Producer (IPP) mannequin. Extra particularly, the mission consists of a 600-MW parabolic basin complicated, a 100-MW portion that depends on a 262.4-metre-tall photo voltaic tower, and 250 MW of photo voltaic PV panels. Upon completion, this part will boost the most important thermal storage capability on the earth — 15 hours.

Section 5, however, is a 900-MW, multi-stage photo voltaic IPP improvement undertaken by Shuaa Vitality 3 that’s owned 60% by DEWA and 40% by a consortium led by ACWA Energy and Gulf Funding Company. The primary 300-MW stage was inaugurated a yr in the past and has since then been expanded to 330 MW. DEWA famous that this portion has been demonstrating higher-than-expected efficiency up to now.

Presently, the 2nd mission of Section 5 is at 93.3% completion, whereas the 3rd stage is 23.06% performed. Each characteristic bifacial modules and ought to be commissioned by 2023.

The full value of Section 5 is estimated at AED 2.06 billion. In 2019, DEWA awarded this part to the ACWA Energy-led group at a then record-low tariff of USD 0.016953 (EUR 0.017) per kWh.

All the Mohammed bin Rashid Al Maktoum photo voltaic park is focused for completion by the tip of the last decade. Up to now, it has reached a photo voltaic PV capability of 1,627 MW, whereas an extra 1,233 MW of each photo voltaic PV and CSP is underneath implementation.