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Dubai Advances With 1,800MW 6th Phase Of Mohammed Bin Rashid Al Maktoum Solar Park HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity & Water Authority - DEWA, reviewed the progress of the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase, based on the Independent Power Producer (IPP) model, involves investments up to AED 5.5 billion and will provide clean energy for approximately 540,000 residences, reducing around 2.36 million tonnes of carbon emissions annually. Spanning 20 square kilometres, the 6th phase has achieved the lowest Levelized Cost Of Energy (LCOE) of US$1.6215 cents per kilowatt hour (kWh). Al Tayer received updates from Shuaa Energy 4 officials. DEWA […] Read the full story here: https://lnkd.in/d9aaHPvV #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #dewa #dubaielectricity&waterauthority #middleeast #mohammedbinrashidalmaktoumsolarpark #renewableenergy #solarenergy #uae #unitedarabemirates

The United Arab Emirates (UEA) is actively advancing in the #solar sector, notably marked by the development of the world's largest single-site solar farm at Al Dhafra, which boasts a 2 GW capacity. This impressive project has propelled the country's total solar capacity beyond 3 GW as of 2022. At the end of 2023, the total installed capacity was at 5,3GW. 📈 With a bold goal to reach 14 GW of renewable energy by 2030, the UAE is set to significantly reduce carbon emissions—projects like the Mohammed bin Rashid Al Maktoum Solar Park in Dubai are expected to cut 6.5 million tons of #CO2 annually upon reaching 5 GW capacity.⚡ At the same time, the UAE has encouraged the adoption of distributed and #rooftop solar installations through programs such as the Shams Dubai Solar Program. This net-metering scheme aims to facilitate over 5,000 #residential and commercial systems with a combined 200 MW capacity by 2023. Initiatives such as Shams Dubai have helped simplify the #permitting and #grid connection processes, although the requirements can vary across different Emirates, impacting the ease of installation. 🏢 Vice President and Prime Minister of the UAE has called for solar #PV to be installed on every roof in Dubai by 2030, as part of the Dubai Clean Energy Strategy 2050, thereby acknowledging the benefits of solar as an affordable, clean, and reliable #energy.☀️ #Solar2people #EnergyTransition #Renewables

For those interested in pursuing a career in the solar energy industry in Dubai, this document serves as a valuable resource to guide your journey.

How can Yellow Door Energy help MENA businesses unlock their solar potential? 🌞   Our SVP of Commercial Development, Hani Majzoub, recently spoke at @Wetex and Dubai Solar Show along with other panelists to discuss the MENA region’s solar energy potential.   Watch the video to learn more!   #YDEInsights #Wetex #SolarEnergy #RenewableEnergy #EnergyTransition #MENA #Dubai #UAE  

Any Real Estate Investment company should start seriously thinking about having a PPA. With the huge power consumption & available needed rooftop, solar projects throughout BOOT business model is the ultimate solution to reduce energy cost , reduce carbon emissions,increase renewable penetration and achieve sustainability goals. #YDEProjects #SolarPower #SolarEnergy #RenewableEnergy #ClimateAction #EnergyTransition #SolarLease #NetZero #KSA #saudigreeninitiative

The UAE is leading the way in sustainability and renewable energy, aiming for 44% of its electricity from renewables by 2050. These efforts are vital for reducing our carbon footprint and ensuring a greener future for all. But sustainability isn't just for governments and large corporations. Each of us can make a difference: 🔹 In our daily lives: Reduce energy consumption, recycle, and choose eco-friendly products. 🔹 In business:Implement energy-efficient practices, support sustainable supply chains, and invest in renewable energy. Now tell us in the comments how you are applying sustainability in your daily life and in your workplace as well. #Sustainability #RenewableEnergy #UAE #GreenFuture #SolarEngineer #UAE2050 #SolarPV #Renewables #UAE_Vision

Abu Dhabi is leading the way in #renewableenergy, especially solar power, according to Majid Al Mansouri, Secretary-General of the Environment Agency – Abu Dhabi (EAD). In a recent interview, Al Mansouri clarified that renewable energy sources like solar power are not intended to replace oil but to meet the rising global demand for energy. #middleeast

Dubai Electricity & Water Authority - DEWA and Masdar (Abu Dhabi Future Energy Company) has reached financial close on the 1.8 GW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The lender’s for the sixth phase of the solar project involved Abu Dhabi Commercial Bank, Commercial Bank of Dubai, First Abu Dhabi Bank (FAB), HSBC, Standard Chartered Bank, ADIB - Abu Dhabi Islamic Bank and Warba Bank. “Today’s announcement builds on our long-standing partnership with DEWA, advancing the UAE’s energy leadership in the construction of the world’s largest multi-phase solar plant,” said Mohamed Jameel Al Ramahi, Masdar CEO. “The UAE continues to demonstrate leadership in delivering cutting edge clean energy solutions which have attracted the interest and confidence of the investment community, locally and internationally. Accessing capital is fundamental to accelerating the global energy transition and this expansion of the Mohammed bin Rashid Al Maktoum Solar Park is an important milestone for the UAE in its own clean energy journey. “Masdar looks forward to further deepening our partnership with DEWA as we work collectively to support the country’s National Energy Strategy 2050 and the UAE Consensus.” Masdar was selected as preferred bidder to build and operate the project under the IPP model, at a total cost of up to AED 5.5 billion. The solar project has a Levelized Cost Of Energy (LCOE) of US$1.6215 cents per kilowatt hour (kWh). The 1.8 sixth phase will boost the total capacity of the solar park to 4.66 GW by 2026, ahead of a planned output of 5 GW by 2030, with investments totalling approximately AED 50 billion. Shuaa Energy 4, the project company for the sixth phase of the solar park, was established as a partnership between DEWA (60%) and Masdar (40%). #cleanenergy

The Al Dhafra solar project in the UAE is now live. At 2 GW this is the largest single-site solar farm in the world. Located 35 km from Abu Dhabi, the project consists of nearly 4 million solar panels, covering 21 km² of desert. The panels are bifacial, which means they capture sunlight on both sides of the panel to maximise the electricity generated. Al Dhafra is expected to reduce the UAE's carbon emissions by 2.4 million tonnes per year, equivalent to removing nearly half a million cars from the road. There are some other nifty things about this project too: ➡️ During construction, a record-breaking 10 MW of solar panels were installed on average per day. ➡️ The project achieved one of the most competitive tariffs for solar power in the world at just USD 1.32 cents/kWh - this was a new world record when it was signed back in 2020. ➡️ And in case you thought those 4 million panels might get a bit dusty, the project employs a fleet of cleaning robots to keep the panels free from sand and dust. The UAE is one of the sunniest countries in the world and with vast swathes of largely empty desert, I expect there are plenty more solar projects to come. Onwards and upwards! #energy #sustainability #renewables #energytransition Thanks for the summary - Gavin Mooney

Innovation in Action: #MemberUpdates 🌟 | From master distribution agreements to advanced solar technology, our members are driving progress in the renewable energy sector. Get the latest updates with Dubai Renewable Energy Business Group. DM us to sign up for the newsletter. ✉ #EnergyUpdates #Sustainability #CleanEnergyLeaders #DubaiRenewableEnergy #UAE #Middleeast