ACWA Power Marks the Inauguration of Shuaa Energy 3 PSC’s First Stage
The solar park has a planned production capacity of 5,000 MW
DUBAI, United Arab Emirates —ACWA Power announced the inauguration of the 300 MW first stage of the 900-MW Shuaa Energy 3 PSC, the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The ceremony was held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, in the presence of several notable Dubai government figures, as well as HE Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority, and Mohammad Abunayyan, ACWA Power’s chairman.
The inauguration of the project marks another transformative moment in Dubai’s continued energy transition, energy diversification strategies, and development plans. The 900-MW fifth phase was awarded to an ACWA Power-led consortium at a tariff of $1.69 per kWh last year and brings the current production capacity of the Mohammed bin Rashid Al Maktoum Solar Park to 1,313 MW.