On 20th March 2018, Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum broke ground on the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the biggest Concentrated Solar Power (CSP) project in the world.
His Highness said that developing the UAE’s infrastructure is top priority for the leadership and vital to raising the country’s global competitiveness. The UAE is developing a new model for sustainability and innovation and is keen to find creative solutions based on international best practices and benchmarks. The country is a pioneer in transforming its energy sector to one based on solar power and clean energy, His Highness added.
This CSP project, based on the Independent Power Producer (IPP) model, will generate 700MW of clean energy at a single site. The project, which features the world’s tallest solar tower measuring 260 metres and the world’s largest thermal energy storage capacity, will provide clean energy to over 270,000 residences in Dubai, reducing 1.4 million tonnes of carbon emissions a year. The CSP project will use two technologies for the production of clean energy: the 600MW parabolic basin complex and the 100MW solar tower over a total area of 43 square kilometres. This project, which features an investment of AED14.2 billion, has achieved the world’s lowest Levelised Cost of Electricity (LCOE) of USD 7.3 cents per kilowatt hour (kW/h). This is a new global achievement for the UAE.