Masdar, DEWA Sign Solar Milestone

• Masdar and DEWA sign agreement for phase 6 of Dubai's solar power project, setting record low Levelised Cost of Energy (LCOE). The project will become operational in stages from 2024 and have a capacity of 5000 MW upon completion in 2030. Helping UAE reach 100% clean energy for Dubai by 2050.

Masdar and DEWA have signed an agreement for the 1.8 GW sixth phase of Dubai's solar power project. The facility will be built and operated by Masdar at a total cost of AED 5.51 billion, with the lowest Levelised Cost of Energy (LCOE) of USD 16.21 per MWh (EUR 17.4). It will become operational in stages starting in the final quarter of 2024 and when completed the complex will have a capacity of 5,000 MW, with a total cost of AED 50 billion. The overall project is set to be finalised by 2030 and its completion will help the UAE towards its goal of 100% clean energy for Dubai by 2050.

What is the Cost and Timeline of Dubai's 1.8GW Solar Power Project?

• Cost: AED 5.51 billion
• Timeline: Stages starting in the fourth quarter of 2024, with completion of the overall project by 2030
• Capacity: 5,000 MW
• Levelised Cost of Energy (LCOE): USD 16.21 per MWh (EUR 17.4)
• UAE Goal: 100% clean energy for Dubai by 2050
• Project Benefits: Increase electricity generation from clean energy sources, diversifying energy sources, and reducing reliance on fossil fuel sources