The Dubai Electricity and Water Authority said the solar generation capacity is expected to come online in the second quarter of 2021. The tender will constitute the fifth phase of the mammoth 5 GW Mohammed bin Rashid Al Maktoum Solar Park.
While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.
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