State-owned utility service provider, Dubai Electricity and Water Authority’s (DEWA) MD and CEO, Mr. Saeed Mohammed Al Tayer announced that the production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar power (PV) and concentrated solar power (CSP). This is about 14 percent of Dubai’s total power production capacity of 14,517 MW.
He made the announcement during his visit to the Mohammed bin Rashid Al Maktoum Solar Park. This is the largest single-site solar park in the world using the Independent Power Producer (IPP) model. It will have a production capacity of 5,000 MW by 2030, using photovoltaic solar panels and CSP technologies.
Mr. Al Tayer inspected work progress in the 4th phase of the park, where 417MW have been connected to DEWA’s grid. This includes 217MW from photovoltaic solar panels, and 200MW from CSP using parabolic basins. The 4th phase of the solar park is 92 percent complete.
Saeed Mohammed Al Tayer MD & CEO – DEWA
“We work in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to promote sustainability and the transition towards a sustainable green economy. We achieve this by diversifying energy sources and increasing the share of renewable and clean energy in Dubai’s energy mix. This achieves the Dubai Clean Energy Strategy 2050 and Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100 percent of Dubai’s total power production capacity from clean energy sources by 2050. The Mohammed bin Rashid Al Maktoum Solar Park is the most important clean energy project implemented by DEWA to achieve this goal and consolidate Dubai’s position as a smart and sustainable city as well as a preferred destination for living, working, investing, and visiting.”
“Since its launch, the Mohammed bin Rashid Al Maktoum Solar Park has received considerable interest from global developers, which reflects the confidence of investors from around the world in DEWA’s major projects in collaboration with the private sector using the Independent Power Producer (IPP) model. Through this model, DEWA has attracted around AED 40 billion of investments and received the lowest global solar energy prices (levelized costs) five consecutive times, making Dubai a global benchmark for solar energy prices,” Mr. Al Tayer added.
According to the statement, the 4th phase of the solar park is being implemented by Noor Energy 1. DEWA owns 51 percent of the company while ACWA Power holds 25 percent, and the Silk Road Fund owns 24 percent.
