Dubai’s Dewa has announced financial close for the 800MW solar photovoltaic (PV) phase three of a 5GW solar park that is under construction at Seih al Dalal, 50km south of Dubai city, for start-up in three stages during 2018-20. The state utility has not disclosed the project cost, but says the cost of the overall park – due for completion by 2030 – will amount to Dh50bn ($13.6bn).

Phase three will be developed by Abu Dhabi’s state renewables firm Masdar and...