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DEWA awards AED14.2 billion largest CSP project in the world with a record bid of USD 7.3 cents per kW/h to generate 700MW

September 17, 2017 UAE Business 0

Dubai Electricity and Water Authority (DEWA) has achieved another world record by awarding the 700MW AED14.2 billion fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the largest single-site Concentrated Solar Power (CSP) project in the world, based on the Independent Power Producer (IPP) model.  The contract is awarded to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric. Read more