UAE – Mubasher: Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park.

With a planned total capacity of 5,000 MW by 2030, the world's largest single-site solar park has investments valued at AED 50 billion, according to a press release on Tuesday.

Providing clean energy for more than 240,000 residences in Dubai, the third phase was constructed by Dubai Electricity and Water Authority (DEWA).

The construction of the third phase has been executed in partnership with a consortium led by Abu Dhabi Future Energy Company (Masdar) and EDF Group at an investment of AED 3.47 billion.

Sheikh Mohammed bin Rashid also visited the 950MW fourth phase of the solar park, which has been established with an investment of AED 15.78 billion using the Independent Power Producer (IPP) model. 

The fourth phase of the solar park, featuring the world’s tallest solar power tower of 262.44 metres high, combines CSP with photovoltaic solar panels. 

Meanwhile, Sheikh Mohammed bin Rashid has also inaugurated DEWA's Innovation Centre.

The UAE Minister of Industry and Advanced Technology and Chairman of Masdar, Sultan Ahmed Al Jaber, said: "Inspired by the vision of the UAE leadership, the inauguration of the third phase of the Mohammed bin Rashid Al Maktoum Solar Park marks a significant milestone in the journey towards achieving the UAE’s target of having 50 per cent of its power coming from clean energy by 2050."