24 Mar 2019
DEWA, ACWA Power, and Silk Road Fund reach financial closing on 950MW 4th phase of Mohammed bin Rashid Al Maktoum Solar Park
Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund, which is owned by the Chinese Government, announced the financial closing of the 950-megawatt fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The solar park will produce 5,000 megawatts by 2030 with investments totalling AED 50 billion. This is a new milestone in promoting the use of clean and renewable energy.