Dubai Electricity and Water Authority, DEWA, has won the ‘2017 Middle East and Africa Renewables Deal of the Year’ by Project Finance International, PFI, magazine for the third phase of MBR Solar Park 800MW Solar PV Project. PFI, a subsidiary of Thomson Reuters, is a specialised magazine in tracking and analysing projects, financial budgets and project deals worldwide.

Saeed Al Tayer, Managing Director and CEO of DEWA, said, "Supporting the vision of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, which guides us to new successes, we continue to contribute to the sustainable development of the UAE, for we have received over 170 local and international awards in the last three years."

"We are proud to receive this award, which is added to the outstanding global award-winning projects of the Mohammed bin Rashid Solar Park, which is one of the strategic milestones of the Dubai Clean Energy Strategy 2050. The Park is the largest single-site solar park in the world with a production capacity of 5,000 megawatts by 2030," Al Tayer added.

The PFI Awards is one of the industry’s most outstanding annual awards and is awarded annually to honour individuals, organisations and projects with the best achievements and financial transactions in the world. Awards are audited by the magazine's journalists as well as high-profile independent figures in the industry. The average number of deals that run for prizes each year ranges from 300 to 350.