Skip to content Skip to Search
Skip navigation

DEWA invites international bids for sixth phase of solar park

The sixth phase of the solar park will become operational in stages from Q3 2025.

Dubai Electricity and Water Authority (DEWA) has invited international companies to submit their expressions of interest (EOI) to implement the sixth phase of the Mohammed bin Rashid Al Maktoum solar park, WAM, the UAE state-owned news agency, reported.

The deadline for submitting EOIs is October 10.

DEWA’s CEO Saeed Mohammed Al Tayer said that the 900 MW sixth phase of the solar park will be implemented using photovoltaic solar panels and will become operational in stages starting from Q3 2025.

With the completion of the 900 MW sixth phase, the solar park’s production capacity will reach 3,760 MW, which will increase to 5,000 MW by 2030, Al Tayer said.

DEWA has attracted about AED 40 billion ($10.89 billion) of investments through the independent power producer (IPP) model, the report said.

The production capacity of clean energy has reached about 12.1 percent of Dubai’s total energy mix and is expected to reach 14 percent by the end of this year.

The solar park is the largest single-site solar park in the world, with total investments of AED 50 billion. When completed, it will reduce more than 6.5 million tonnes of carbon dioxide emissions annually.

Latest articles

Gulf bank rates

Gulf banks face margin squeeze as funding costs rise

Gulf banks are likely to offer more attractive rates on savings accounts to woo depositors, putting more pressure on lenders’ already tight net interest margins, a report suggests. The move towards higher interest rates for savers is predicted to become more pronounced as expectations of imminent rate cuts by the US Federal Reserve fade. Benchmark interest […]

Mubadala Investment Company CEO Khaldoon Khalifa Al Mubarak. The Abu Dhabi wealth fund is selling some GlobalFoundaries shares two years after the US company went public

Mubadala trims stake in US chipmaker GlobalFoundries

Abu Dhabi sovereign wealth fund Mubadala Investment Company is offloading some of its holdings in chipmaker GlobalFoundries.  A Mubadala subsidiary is offering to sell $950 million worth of GlobalFoundries shares, two years after the US semiconductor manufacturer went public on Nasdaq. Mubadala Technology Investment Company will receive the funds from the secondary public offering, which […]

Saudi arabia water

$4bn set aside for Saudi water projects

Saudi Arabia will spend $4 billion by the end of the decade on recycling over 2 billion cubic metres of water, about 70 percent of the country’s renewable water sources, an official said this week.  Speaking at the World Water Forum in Indonesia, Mohammed bin Zaid Abuhid, head of the General Authority for Irrigation, outlined […]

Cigarette sellers in Aswan, Egypt. US company Philip Morris says it wants to give smokers in Egypt 'better options than cigarettes'

US cigarette giant buys slice of Egyptian rival

The American tobacco giant Philip Morris International (PMI) has acquired a minority stake in Egypt’s largest cigarette manufacturer. PMI, which owns brands such as Marlboro, L&M, Merit and Parliament and is the world’s top tobacco company by market value, has bought 14.7 percent of Egypt’s Eastern Company, which also includes cigars and pipe tobacco in […]