SolarQuarter Global’s Post

Dubai Electricity & Water Authority - DEWA’s MD & CEO Reviews Progress Of 950MW Fourth Phase At Mohammed bin Rashid Al Maktoum Solar Park In Dubai HE Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), has reviewed the progress of the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This 950-megawatt (MW) phase, employing the Independent Power Producer (IPP) model, represents an investment of AED 15.78 billion. It is designed to provide clean energy to approximately 320,000 residences and reduce carbon emissions by 1.6 million tonnes annually. Inaugurated by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in December 2023, this phase is the largest […] Read the full story here: https://lnkd.in/dt85dHjv #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #dewa #dubai #dubaielectricity&waterauthority #middleeast #renewableenergy #solarenergy

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

HE Saeed Mohammed Al Tayer checks 1,800MW 6th phase of Mohammed bin Rashid Al Maktoum Solar Energy Park Dubai Electricity and Water Authority (DEWA) MD & CEO, HE Saeed Mohammed Al Tayer, recently assessed the ongoing developments in the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park, following the Independent Power Producer (IPP) model, with investments totaling AED 5.5 billion. This phase is poised to provide clean energy for approximately 540,000 residences and is expected to curtail around 2.36 million tonnes of carbon emissions annually, covering an expansive area of 20 square kilometers. Notably, the 6th phase has achieved a record low Levelized Cost Of Energy (LCOE) of US$1.6215 cents per kilowatt hour (kWh). […] Read the full story here: https://lnkd.in/dxmJVJbA #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #dubai #dubaielectricityandwaterauthority #greenenergy #masdar #middleeast #renewableenergy #solarenergy

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

DEWA’s Decade Of Innovation: 85% Cost Reduction And Doubled Efficiency In Solar Power The Dubai Electricity and Water Authority (DEWA) has significantly reduced the cost of solar power by 85% and doubled efficiency over the last decade, according to Saeed Mohammed Al Tayer, the MD and CEO of the DFM-listed utility. Al Tayer shared these achievements during his keynote speech at the World Government Summit 2024 in Dubai. Over the past ten years, the cost of solar energy in DEWA’s projects has plummeted from 11 cents per kilowatt hour (kWh) to a mere 1.69 cents, while efficiency has increased from 11% to approximately 24%. DEWA initiated its foray into solar power in 2013 […] Read the full story here: https://lnkd.in/d7PAVmbg #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #dewa #dubai #dubaielectricityandwaterauthority #middleeast #renewableenergy #solarenergy #uae

Dubai Electricity & Water Authority (DEWA) is pioneering the future of utility assets through its innovative independent producer model. Over the past decade, DEWA has attracted AED43.6bn ($11.9bn) in investments, covering both renewable and conventional power plants, as well as seawater reverse osmosis projects. This model has enabled DEWA to achieve the world's lowest levelised cost of energy for solar projects, setting a global benchmark for solar energy prices. Notably, the Mohammed Bin Rashid Al-Maktoum Solar Park, the world's largest single-site solar park, has completed five phases with a combined capacity of 2,863MW. DEWA's plans to transition into a developer of utility assets promise further advancements and investment opportunities. To understand the full scope and benefits of DEWA's initiatives read full article - https://lnkd.in/dn6R8U9y #vision #innovative #renewable #energy #global #mea

Dubai Electricity & Water Authority - DEWA’s Green Initiatives: Fueling UAE’s Climate Action Drive In celebration of World Environment Day, themed “Our land. Our future. We are #GenerationRestoration,” the UAE highlighted its significant strides in renewable energy and emission reduction. Under the visionary leadership of the UAE, the nation has emerged as a global leader in sustainable energy initiatives, with substantial investments in solar energy and other renewable sources. According to the Statistical Review of World Energy by the UK-based Energy Institute, the UAE ranks as the sixth highest per capita consumer of solar energy globally. This achievement underscores the country’s dedication to transitioning to clean energy. HE Saeed Mohammed Al Tayer, MD & […] Read the full story here: https://lnkd.in/d7-A8KP4 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #dewa #dubai #dubaielectricity&waterauthority #middleeast #renewableenergy #solarenergy #sustainability #uae

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 Supports Net-Zero By 2050 Through Pioneering Projects And Initiatives The United Arab Emirates (UAE) stands at the forefront of the global transition to clean and renewable energy, spearheading innovative projects and pioneering technologies to foster sustainability and combat climate change. Dubai, in particular, has emerged as a trailblazer with its ambitious Clean Energy Strategy 2050. Initially aimed at diversifying energy sources, the strategy has evolved to target 100% clean energy production capacity by 2050. The Dubai Electricity and Water Authority (DEWA) has aligned its vision with broader government plans, emphasizing net-zero carbon emissions by 2050. DEWA has ceased launching new fossil fuel-based energy projects and shifted focus to clean […] Read the full story here: https://lnkd.in/df3fQKR7 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #dewa #dubaielectricityandwaterauthority #middleeast #renewableenergy #solarenergy #uae #unitedarabemirates

As I wrote in this LinkedIn space two-and-a-half years ago when I joined the board of ACWA Power, for those who think Saudi Arabia is still just about fossil fuel it’s time to think again.    ACWA Power is a leader in energy transition. We are a developer, investor, owner and operator of power generation and desalinated water with 82 assets in operation, 45% of which are in renewables, spanning 13 countries. Among our projects is the largest solar park and the tallest CSP (Concentrated Solar Power) project in the world in Dubai which supports Dubai’s clean energy strategy.  We are the largest desalinated water company in the world.   The Dubai project is the world’s largest capacity of a single hybrid CSP/PV project producing 950 MW of power. This project provides clean energy to 320,000 residences with power supply from renewable energy 24 hours a day saving 1.6 million tonnes per year, of carbon emissions.     KSA and ACWA Power are walking the talk and doing their part in sustainability. See today's NY Times. https://lnkd.in/eUs-gnq2 #sustainability # energy transition #ACWA Power