The world's largest concentrated solar project signed a four-phase turnkey contract

A few days ago, Saudi Arabia's Acwa Power and China's Shanghai Electric Company signed the Mohammed bin Rashid Al Maktoum Solar Power Park Phase IV, Dubai 700 MW solar thermal power station project engineering general contracting contract
.
This is the world's largest concentrated solar investment project based on the Independent Power Generator (IPP) model
.

The world's largest concentrated solar project signed a four-phase turnkey contract

The contract was signed
by Mohammad Abdullah Abunayyan, chairman of Acwa Power, and Cao Min, president of Shanghai Electric Power Station Group.

Speaking at the signing ceremony, Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, said that this is an important milestone that supports the country's leadership in achieving the UAE 2071 Centenary Goals, UAE Vision 2021 and Dubai Plan 2021 to ensure a bright and happy future
.

"This marks considerable progress
in our efforts to achieve the Dubai Clean Energy Strategy 2050.
The strategy will supply 75% of Dubai's total electricity generation with clean energy by 2050
.
This will make Dubai a global hub for clean energy and green economy, and cement its global position as the city with the lowest carbon footprint in the world
.
Al Tayer added
.

By 2030, the Mohammed bin Rashid Al Maktoum Solar Farm plans to generate 5,000 megawatts of electricity with a total investment of $13.
6 billion to accelerate the diversification
of clean energy.

"This is a key pillar
of our strategy.
Given our ambitious goals, at least 42,000 megawatts of renewable energy
are needed by 2050.
Al Tayer pointed out
.

According to Al Tayer, the project will build the world's tallest 260-meter solar tower with maximum thermal energy storage capacity
.
It will also provide clean energy to more than 270,000 homes in Dubai, reducing carbon emissions by 1.
4 million tonnes per year
.

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