The financing for the project is based on the principles of limited recourse project financing with the senior debt provided by a number of international, regional and local banks along with a project recourse mezzanine tranche committed by a regional bank
The current work focuses on operational preparations to evaluate the readiness of the substation. After the primary tests, the substation will undergo pilot operational tests
The contractor, which DEWA's Saeed Mohammed Al Tayer declined to identify, bid 1.7 cents per kilowatt-hour for the photovoltaic plant
In February, Kuwait started commercial operations at its 50 MW Shagaya CSP plant, marking the completion of phase 1 of the Shagaya renewable energy park
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), last month, inspected the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park.
73% of the construction of the solar tower has been completed, including the completion of the main structure and installation of heliostats
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