DUBAI – The world’s largest Concentrated Solar Power (CSP) project, costing Dh14.2 billion, will be implemented in Dubai, state news agency Wam reported.
To be implemented by Dubai Water and Electricity Authority (Dewa), the largest single-site project will generate 700 megawatts (MW) of power when completed. Using the Independent Power Producer (IPP) model, it will include the world’s tallest solar tower, standing 260 metres tall, and a Dh100 billion fund to finance the plan.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the project on Saturday.
A total of Dh500 million will be allocated, as part of the project, for research and development works in in the field of smart networks and improvement of energy efficiency over the course of the coming period.
The project comes as part of implementing the fourth stage of the Mohammad Bin Rashid Al Maktoum Solar Park and to support the end goals of Dubai Clean Energy Strategy 2050.
Commenting on the project, Shaikh Mohammad said: “The UAE has succeeded in building a global green economy model based on the environmental sustainability and clean energy and supported by clear plans. These plans will contribute to strengthening the foundations of such model and developing it according to the world’s finest standards so as to make the most of this field and invest in enhancing infrastructure, building capabilities and training competent national competencies.”
He added: “Implementing the world’s largest concentrated solar power (CSP) project reaffirms the UAE’s leadership in renewable clean energy all over the world and enhances our status at the forefront of the most advanced countries in this field. We are pressing ahead with carrying out projects that support the UAE’s comprehensive development and our aspirations that we have set for the future and are being implemented today.
“We are steadily moving towards achieving Dubai Clean Energy Strategy 2050 goals, which we have launched to turn Dubai into a global hub for clean energy and green economy and become the lowest carbon footprint in the world by 2050. We are very proud to see our goals turning into tangible achievements by our national cadres who proved efficient and excellence in various fields.”
date: 18 September 2017 id: 9491 source: