Vice President and Prime Minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, has inaugurated the Dubai Electricity & Water Authority – DEWA Innovation Center and the third 800MW phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will be the world’s largest solar park when completed. Mercados-Aries International is participating as the technical bank advisors (LTA). With a total planned capacity of 5,000 MW by 2030, the park is expected to require an investment of 50 billion UAE dirhams (around ‘11.5 billion). The Vice President also visited the site where the fourth 950MW phase of the solar park will be built, which includes the world’s largest CSP solar thermal park.
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