The world’s largest single-site solar park reached financial closing for its sixth phase, announced by the Dubai Electricity and Water Authority (DEWA) and Abu Dhabi’s Masdar.

Upon completion of the sixth phase, the addition of 1800 megawatts will bring the Mohammed bin Rashid Al Maktoum Solar Park closer to its goal of reaching 5000 megawatts by 2030.

The current production capacity of the solar park is 2,627MW, with an additional 2033MW under construction. By 2026, the total production capacity is expected to reach 4,660MW, aligning with DEWA’s goal of sourcing nearly 27% of the generation mix from clean energy sources by 2030.

Once fully operational, the solar park is expected to provide clean energy to approximately 540,000 residences and reduce carbon emissions by 2.36 million tonnes annually.

At the same time, Masdar will manage the construction and operation of the 1,800MW expansion through photovoltaic solar panels using an Independent Power Producer (IPP) model.

In collaboration with Masdar, DEWA initiated Shuaa Energy 4, with DEWA holding a 60% stake and Masdar 40%. Additionally, the sixth phase is targeted to achieve the lowest ‘Levelized Cost Of Energy’ (LCOE) at $1.6215 cents per kilowatt hour.

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