DEWA’s Green Energy Achievements in Dubai
Introduction
Saeed Mohammed Al Tayer, the Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), has shared exciting news about DEWA’s efforts to make Dubai a global leader in green energy. This vision is inspired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai.
Independent Power and Water Producer Model
DEWA has developed the Independent Power and Water Producer (IPWP) model, which uses the best international practices. This model has attracted investments worth AED 43.6 billion over the past 10 years. It encourages partnerships between the government and private sectors, making Dubai a global benchmark for solar energy prices.
Solar Energy Projects
One of DEWA’s major projects is the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. It aims to produce over 5,000MW by 2030 with a total investment of AED 50 billion. DEWA has already completed 5 phases and is working on the 6th phase, which will produce 1,800MW and cost around AED 5.5 billion.
Other Energy Projects
DEWA is also working on the Hassyan Power Complex, a 2,400MW power station that uses natural gas. Additionally, DEWA is implementing a seawater reverse osmosis (RO) desalination project in Hassyan, which will produce 180 million imperial gallons per day (MIGD) and is the largest of its kind in the world.
Dubai’s Business Environment
Dubai is an ideal place for investors. In 2023, Dubai attracted over AED 39.2 billion in foreign direct investment (FDI), creating around 45,000 jobs. DEWA’s projects play a significant role in attracting these investments.
Conclusion
DEWA’s efforts align with the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, aiming to provide 100% of energy from clean sources by 2050. These initiatives support the Dubai Economic Agenda D33, which aims to double the size of Dubai’s economy over the next 10 years.