Mohammed bin Rashid Al Maktoum Solar Park is a solar park spread over a total area of 77 km2 (30 sq mi) in Saih Al-Dahal, about 50 km (31 mi) south of the city of Dubai in the United Arab Emirates (UAE).
[1] It is one of the world's largest renewable projects based on an independent power producer (IPP) model.
The 200-megawatt second phase of the project drew global attention as the winning bid of the tender set a new record-low tariff of only US ¢5.89 per kilowatt-hour.
[7] The solar park was announced by Mohammed bin Rashid Al Maktoum in January 2012.
[1][9][10] The second phase is a 200 MWp[5] photovoltaic plant built at a cost of US$320 million by a consortium led by ACWA Power and Spanish company TSK.
[13] The 200 MWp second phase of the project caused worldwide attention, as the winning bid of the tender set a new record-low tariff of only US ¢5.89 per kilowatt-hour.
In April 2015, Dubai Electricity and Water Authority (DEWA) publicly announced the third phase of 800 MWp.
[15] A consortium led by Abu Dubai Future Energy Company (Masdar) was awarded the contract for phase three in June 2016.
Originally, DEWA released a request for the Expression of Interest (EOI) for a 200 MWe CSP project in October 2016 and announced the winning bid at 9.45 US cents/kWh purchase price in June 2017.
[citation needed] DEWA awarded a contract for the sixth phase with 1,800 MW to Masdar in August 2023 with a bid price of $US16.24/MWh.