Ernst & Young hired as consultant for 6th phase of Dubai's 5-GW solar project
The Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE. Image by DEWA.
The Dubai Electricity and Water Authority (DEWA) said today it has picked a consortium of companies led by Ernst & Young (EY Consulting) to provide consultancy services for the 900-MW sixth phase of the emirate's Mohammed bin Rashid Al Maktoum Solar Park.
The consultants will be responsible for services related to reviewing existing laws and regulations in the UAE, preparing tender documents, developing a financial model, managing the tender submission, commercial negotiation, and concluding a power purchase agreement and financial closure with the developer.
They will also organise roadshows, workshops and marketing activities.
The bidding deadline for submitting Expressions of Interest (EOI) for the sixth phase of the emirate's flagship solar project ended on November 1.
The 900-MW section of the park is expected to go online in stages between 2025 and 2027.
Currently, the park's production capacity is 1,827 MW from photovoltaic (PV) solar panels. By 2030, it should reach 5,000 MW.
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