Masdar achieves financial close of sixth phase of MBR Solar Park ...United Arab Emirates

The financial close of the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is being spearheaded by the Dubai Electricity and Water Authority (DEWA), has been achieved according to Abu Dhabi Future Energy Company (Masdar). DEWA is implementing the 1,800MW sixth phase of the solar park in co-operation with Masdar based on the Independent Power Producer (IPP) model, using the latest solar photovoltaic bifacial technologies with single-axis tracking. The phase is expected to cost as much as US $1.49bn. On completion, the solar park’s capacity will exceed 5,000MW by 2030, with investments totaling approximately $13.2bn. This is a new milestone in promoting the use of clean and

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