Dubai’s ruler Sheikh Mohammed bin Rashid has hailed the launch of the world’s largest concentrated solar power (CSP) plant, with the announcement of the winning contract for the much anticipated fourth phase of the Mohammed bin Rashid Al Maktoum Solar Complex.

The Dubai Electricity and Water Authority (Dewa) said it had awarded the tender for the new 700MW extension to the solar complex to China’s Shanghai Power and Saudi Arabia’s Acwa Power.

Under the terms of the contract, the new plant will deliver energy at 7.3 US cents per kilowatt-hour, the lowest price ever for a solar energy plant.

The new plant will come online in stages from 2020 and is expected to cost Dh14.2 billion to build.

“The implementation of the world’s largest concentrated solar energy project underlines the UAE’s leadership on the world stage in producing clean and renewable energy and reinforces our position at the forefront of the most advanced countries in this field,” said Sheikh Mohammed.

“We are implementing projects that translate the overall development directions in our country and support the ambitious goals that we set for the future and started implementing it today. “


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