EDF Energies Nouvelles, the renewable energy unit of French power utility EDF, will join a consortium led by Abu Dhabi-based developer Masdar, which was awarded the contract to build the third 800 MW phase of the 1 GW Mohammed bin Rashid Al Maktoum Solar Park.
The consortium is formed by Masdar, Spain-based GranSolar and Fotowatio Renewable Ventures (FRV), which is a unit of the Saudi Arabian firm, Abdul Latif Jameel.
EDF said that the first 200 MW unit of Phase III is due for completion by April next year, while another 300 MW is expected to come on stream in April 2019. The final 300 MW unit is scheduled to come online in April 2020. More details on the terms of cooperation were not provided.
“We are very proud to be supporting the energy transition in the Middle East, thanks to ambitious projects involving renewable energy, like DEWA III. They demonstrate our know-how as market leader in low-carbon growth, and reinforce the Group’s development in fast-growing countries, within the context of our Cap 2030 strategy,” said EDF CEO Jean-Bernard Lévy.
The Mohammed bin Rashid Al Maktoum Solar Park will be the world’s largest single-site solar park based on the Independent Power Producer model (IPP). The capacity targets for the park have been set at 1 GW by 2020, and 5 GW by 2030, with total investment expected to reach $13.6 billion.