Dubai's Record-Breaking Solar Power Project Costs USD 4.2 Billion

Dubai Electricity and Water Authority (DEWA), the primary utility provider in Dubai, has reported substantial progress on the fourth phase of the Mohammed bin Rashid Al Maktoum solar park, boasting a capacity of 950 megawatts. Under the Independent Power Producer model, this phase represents a significant investment of AED 15.78 billion (or a little more than USD 4.2 billion), and is expected to power around 320,000 households while curbing carbon emissions by 1.6 million tonnes annually.

This phase of the solar park is distinguished by its utilization of three hybrid technologies, including a parabolic basin complex, Concentrated Solar Power tower, and photovoltaic solar panels, making it the world's largest single-site project to combine these technologies. Notably, the project features the tallest solar tower globally and boasts the largest thermal energy storage capacity.