Shanghai Electric to construct solar facility in Dubai

Shanghai Electric Group signed an engineering procurement construction contract on Friday to build the world's largest concentrated solar power project in Dubai, marking the State-owned company's ambition to grow into a world leading brand.

The 700 megawatt CSP project is the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Upon completion, it will be the only CSP project to supply power 24 hours a day in the world.

The project is scheduled to come online in 2020 when the World Expo will be held in Dubai. It is expected to contribute up to 7 percent of the city's total power output by 2020 and 75 percent in 2050.