Masdar reaches financial close on 1.8 GW of solar
The Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Co. (Masdar) have reached financial close on a 1.8 GW solar project – the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park in the United Arab Emirates. Masdar was chosen to build and operate the project after submitting a bid of $0.016/kWh – the park’s lowest levelized cost of electricity (LCOE) to date.
Solar is gaining traction in MENA region – but plenty of obstacles remain
Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.
