Ernst & Young employed as consultant for 6th phase of Dubai's 5-GW solar project
- The Dubai Electricity and Water Authority (DEWA) claimed today it has chosen a consortium of firms led by Ernst & Young (EY Consulting) to supply working as a consultant services for the 900-MW sixth phase of the emirate's Mohammed bin Rashid Al Maktoum Solar Park.
The consultants will be in charge of solutions associated with evaluating existing regulations as well as regulations in the UAE, preparing tender documents, developing a financial design, managing the tender submission, commercial negotiation, and ending a power purchase arrangement and also financial closure with the developer.
They will certainly additionally arrange roadshows, workshops and advertising activities.
The bidding process target date for sending Expressions of Passion (EOI) for the 6th phase of the emirate's flagship solar project ended on November 1.
The 900-MW section of the park is anticipated to browse the web in phases between 2025 and also 2027.
Presently, the park's production capacity is 1,827 MW from photovoltaic (PV) solar panels. By 2030, it needs to get to 5,000 MW.