Including access to the legislation and the regulatory framework in force in the country
A consortium of companies provides consultancy for phase 6 of the "Mohammed bin Rashid Energy Complex"
The sixth phase of the complex will be operated in phases between 2025 and 2027.
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Dubai Electricity and Water Authority (DEWA) has announced the appointment of a consortium of companies led by Ernst & Young (EY Consulting) to provide consultancy services for the implementation of the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, according to the Independent Energy Producer Scheme.
The sixth phase, which will have a production capacity of 900 megawatts using photovoltaic solar panels, will be operated in phases between 2025 and 2027.
The advisory services provided by the consortium include reviewing the existing legislation and the regulatory framework in force in the UAE, preparing documents for bids and tenders, formulating a financing model, managing and evaluating offers submitted by developers, drafting supplementary agreements, commercial negotiations, and concluding an electricity purchase agreement and a financial closure agreement. With the developer, preparing marketing plans and participating in activities and promotional campaigns locally and globally.
It is noteworthy that the Mohammed bin Rashid Al Maktoum Solar Energy Complex, which is implemented by the Dubai Electricity and Water Authority according to the independent product system, is the largest solar energy complex in one location in the world, and its total production capacity will reach 5,000 megawatts by 2030 with investments of up to 50 billion dirhams.
The current production capacity of the complex is 1,827 megawatts using photovoltaic solar panels, and the authority is implementing other projects in the complex with a total of 1,033 megawatts using photovoltaic solar panels and concentrated solar power technologies.
With the completion of the sixth phase, the complex's production capacity will reach 3,760 megawatts with a view to reaching 5,000 megawatts by 2030.
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