Transaction

Mohammed bin Rashid Al Maktoum Solar Park — Phase 6

United Arab EmiratesSolar Energy, Renewable EnergyReviewed 11 September 2026

Sixth phase of DEWA's Mohammed bin Rashid Al Maktoum Solar Park, 1,800MW IPP. Preferred bidder selection and financial closing both confirmed (DEWA/Masdar joint release). World's lowest reported LCOE at time of award: US$1.6215 cents/kWh. Bifacial single-axis-tracking PV technology. Total park capacity targeted to reach 4,660MW by 2026. Cost up to AED 5.5bn. Note: Dubai's electricity/water sector sits outside Dubai's general PPP Law 22/2015 (Article 4 explicitly excludes electricity and water), governed instead by Dubai Law 6/2011 and Law 6/1997.

Status

Near CompletionStatus
Financial Close Achieved / Major Contracts Under DeliveryProcurement Status

Value

AED 5.5 billionProject Value

Scale & Capacity

1,800 MWCapacity

Overview

Location
Dubai, UAE

Participants & Roles

Sponsor / Developer

Government Entity / Grantor

Offtaker / Revenue Counterparty

Sources
  • DEWA/Masdar joint financial-closing releaseOfficial / Government
  • Dubai Media Office progress reviewOfficial / Government