Dubai's Solar Park Progress
Dubai's Solar Park Mega Project Contributes 15% of Emirate's Energy Production Capacity
Dubai's push towards renewable energy has received a major boost with the announcement that the Mohammed bin Rashid Al Maktoum Solar Park now accounts for more than 15% of the emirate's energy production capacity. The solar park is able to generate an impressive 2,327 megawatts, and officials expect it to reach a total capacity of 5,000MW by 2030.
The Mohammed bin Rashid Al Maktoum Solar Park is the world's largest single-site solar park using the Independent Power Producer model. The project recently added 200MW from the 900MW fifth phase of the scheme using photovoltaic solar panels, contributing to the total production capacity of energy in Dubai, which has now hit 14,817MW.
The fifth phase of the project is expected to provide clean energy to over 270,000 Dubai residences and reduce carbon emissions by 1.8 million tonnes a year. Dubai has set ambitious targets to generate 25% of its energy requirements from renewable sources by 2030 and 100% by 2050, in line with its clean energy target.
According to Saeed Mohammed Al Tayer, the chief executive of Dubai Electricity and Water Authority (DEWA), the emirate is committed to promoting sustainability and the shift towards a sustainable green economy by increasing the share of renewable and clean energy within Dubai's energy mix. The solar park is an essential part of Dubai's plan to reduce reliance on natural gas and diversify its power sources.
The Mohammed bin Rashid Al Maktoum Solar Park has attracted a total of around Dh50 billion ($13.6 billion) of investments, thanks in part to its usage of the IPP model. This innovative approach to financing renewable energy projects has helped Dubai to achieve its renewable energy targets and attract international investors to the emirate.
Dubai's ambitious renewable energy targets and the success of the Mohammed bin Rashid Al Maktoum Solar Park highlight the emirate's commitment to a sustainable future. By investing in renewable energy, Dubai is not only reducing its carbon footprint but also creating new opportunities for economic growth and job creation.
To learn more about the Mohammed bin Rashid Al Maktoum Solar Park and Dubai's renewable energy push, please visit the website of Dubai Electricity and Water Authority: https://www.dewa.gov.ae/en/about-dewa/news-and-media/press-and-news/latest-news/2022/05/dewa-announces-that-the-mohammed-bin-rashid-al-maktoum-solar-park-now-accounts-for-more-than-15-of-dubai-energy-production-capacity
