U.K. investment firm, Arjun Infrastructure Partners is expected to bring strategic support and access to capital to the UAE-based solar developer.
The company’s unit Etihad ESCO will carry out the tendering process for the projects, which will be developed on facility close to DEWA’s water reservoirs.
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Company (DEWA) announced that the firm has launched a new wholly owned investment subsidiary. It is called Jumeirah Energy International Silicon Valley Company and, as the name entails, is found in the Silicon Valley in California.
The Shams Dubai initiative encourages DEWA residential and commercial customers to install rooftop PV systems under net metering in order to reduce their energy bills.
A consortium consisting of Chinese Shanghai Electric and Saudi ACWA Power has bagged an order to build a 700 MW CSP plant, the fourth phase of the 1 GW Mohammed bin Raschid al-Maktum solar park located in the Dubai Desert.
The agreement will see the Spanish central inverter specialist ship its 1,000 Vdc Ingecon Sun PowerMax B series inverters to Sterling and Wilson, the EPC overseeing the construction of the Sweihan solar plant, which will be the world’s largest single-site solar park once complete.
The conformity assessment scheme is expected to spur development of solar distributed generation. PV installations up to 5 MW have currently access to net metering.
The EPC firm will build the PV plant with the lowest cost ever registered for solar power in the world. The project is being developed by JinkoSolar, Marubeni and ADWEA.
An undisclosed sum was provided by seven different lenders for the 800 MW third phase of the giant solar park.
The company’s double-glass Dymond modules will be utilized for the first phase of the 800 MW Mohammed bin Rashid Al Maktoum Solar Park being developed by the Dubai Water and Electricity Authority (DEWA).
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