Latest news with #DubaiNetZeroCarbonEmissionsStrategy2050
Gulf Today
09-06-2025
- Business
- Gulf Today
DEWA adds 800MW of clean energy production capacity to its energy mix in 2025
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that the total production capacity of the Mohammed Bin Rashid Al Maktoum Solar Park has increased to 3,860 megawatts (MW), using photovoltaic (PV) solar panels and concentrated solar power (CSP) technologies. Since the beginning of this year, DEWA has added 800MW from the sixth phase of the solar park, bringing clean energy's share to approximately 21.5% of its total production capacity. 'Our strategies and action plans are inspired by the vision and directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, to accelerate the transition towards a sustainable green economy and enhance Dubai's position as a leading global hub for clean and renewable energy. The Mohammed Bin Rashid Al Maktoum Solar Park is our key project to realise this vision and achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to provide 100% of the emirate's energy production capacity from clean sources by 2050. By 2030, the solar park's production capacity will reach 7,260MW, with clean energy making up 34% of DEWA's energy mix. This will reduce approximately eight million tonnes of carbon emissions annually,' said Al Tayer. The first phase of the Mohammed Bin Rashid Al Maktoum Solar Park, with a capacity of 13MW using PV solar panels, was commissioned in October 2013. In March 2017, the second phase, with a capacity of 200MW, was inaugurated. It also uses PV technology and was the first solar energy project of its kind in the region based on the independent power producer (IPP) model. In November 2020, the third phase of the solar park was inaugurated with a capacity of 800MW. This phase, also using PV technology, was the first in the Middle East and North Africa to use single-axis solar tracking to enhance energy generation. In December 2023, the fourth phase of the solar park was inaugurated with a total capacity of 950MW, combining CSP and PV panels. It uses three hybrid technologies to produce clean energy: 600MW from a parabolic basin complex, 100MW from a solar power tower and 250MW from PV solar panels. In June 2023, the fifth phase, with a capacity of 900MW, was inaugurated using photovoltaic panels. DEWA is currently working to complete the sixth phase of the solar park, with a capacity of 1,800MW using PV panels. DEWA has invited international developers to participate in the implementation of the seventh phase of the Mohammed Bin Rashid Al Maktoum Solar Park, which will have a capacity of 1,600MW. This phase, which is expandable to 2,000MW, will utilise PV solar panels and a battery energy storage system with a capacity of 1,000MW for six hours, providing a total storage capacity of 6,000 megawatt-hours. This will make it one of the world's largest solar-plus-storage projects. The phase will be implemented under the IPP model. WAM
Hi Dubai
09-06-2025
- Business
- Hi Dubai
DEWA Expands Mohammed bin Rashid Solar Park Capacity to 3,860MW
Dubai Electricity and Water Authority (DEWA) has ramped up the total production capacity of the Mohammed bin Rashid Al Maktoum Solar Park to 3,860 megawatts (MW), marking a major step forward in the emirate's clean energy transition. Announced by Saeed Mohammed Al Tayer, MD & CEO of DEWA, the increase includes 800MW added this year from the park's sixth phase. Clean energy now accounts for roughly 21.5% of DEWA's total production capacity. Al Tayer said the expansion supports Dubai's long-term strategies to reach net-zero carbon emissions by 2050. 'The Mohammed bin Rashid Al Maktoum Solar Park is our key project to realise this vision and achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050,' he stated. Launched in 2013 with a modest 13MW capacity, the solar park has grown through multiple phases using photovoltaic (PV) and concentrated solar power (CSP) technologies. Notably, the fourth phase introduced hybrid solar systems, while the fifth and sixth phases continued expanding PV output. DEWA plans to raise the park's capacity to 7,260MW by 2030, which would supply 34% of the utility's total energy mix from clean sources. This transition is expected to cut carbon emissions by around eight million tonnes annually. Looking ahead, DEWA has invited global developers to participate in the seventh phase of the solar park. Set to feature a 1,600MW PV system and a 1,000MW battery storage system, the project will be one of the world's largest solar-plus-storage initiatives. The solar park is implemented under the Independent Power Producer (IPP) model, reinforcing Dubai's position as a regional leader in renewable energy innovation. News Source: Emirates News Agency
Hi Dubai
19-05-2025
- Business
- Hi Dubai
Dubai Energy Council Reviews Clean Energy Progress and Net Zero Strategy
The Dubai Supreme Council of Energy convened its 88th meeting virtually to assess key clean energy initiatives and reaffirm the emirate's commitment to achieving net zero emissions by 2050. Attended by senior representatives from major government and energy entities, the meeting focused on strategic projects that support Dubai's clean energy transition. Among the highlights were updates on sustainable biofuel and green hydrogen initiatives, both central to the emirate's goal of becoming a global hub for renewable energy. The Council also reviewed the progress of the Demand Side Management Strategy 2050, which aims to cut electricity, water, and fuel consumption by 30% by 2030 and 50% by 2050 compared to business-as-usual scenarios. Discussions included achievements by the World Green Economy Organisation in building international partnerships and developing local capabilities to lead the shift toward a green economy. Council members reaffirmed their alignment with Dubai's long-term strategies, including the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, both of which target 100% clean energy production capacity by mid-century. News Source: Emirates News Agency
Gulf Today
13-05-2025
- Business
- Gulf Today
Dewa, Korean delegation discuss sustainable energy collaboration
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed a delegation from the Republic of Korea, headed by Prof Won-Soo Kim, Rector of the Global Academy for Future Civilisation at Kyung Hee University, and Prof Yeo Hwasoo from the Korea Advanced Institute of Science & Technology (KAIST). The meeting explored ways to strengthen collaboration in future energy strategies, emerging technologies and the hydrogen economy, aligning with Dubai's vision to drive global sustainability efforts. Discussions centred on Dubai's pioneering initiatives in clean energy and technology, including the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to ensure 100 per cent of the emirate's total power capacity comes from clean sources by 2050. Collaboration with Kyung Hee University and KAIST is intended to bolster knowledge exchange in AI, smart grids and policy frameworks, cementing Dubai's position as a hub for the Fourth Industrial Revolution. The meeting was attended by representatives of Korean universities and research centres, as well as DEWA officials including Waleed bin Salman, Executive Vice President of Business Development and Excellence; Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources; and Marwan bin Haidar, Executive Vice President of Innovation and the Future. Meanwhile Dubai Electricity and Water Authority (Dewa), reported its first quarter 2025 consolidated financial results, recording quarterly revenue of Dhs5.96 billion. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) amounted to Dhs2.43 billion, with an operating profit of Dhs838 million and a net profit of Dhs496 million. The company also generated a record net cash from operations of Dhs3.85 billion resulting in closing cash and cash equivalents of Dhs8.17 billion, which is Dhs2.07 billion higher than the balance as at year-end 2024. 'Dewa is committed to be an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, and the directives of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and Chairman of The Executive Council of Dubai, and Sheikh Maktoum Bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. Under their guidance, we are progressing in our journey to Net Zero by 2050 and will continue to play a decisive role in Dubai's rapid progress,' said Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of Dewa. 'With consistent growth in demand for electricity, water and cooling services, our revenue grew by 2.83 per cent to Dhs5.96 billion in the quarter and more notably our net cash flow from operations grew to Dhs3.85 billion, which is 17.86 per cent higher than the amount in the same period of the previous year. Our financials reflect a healthy operating profit of Dhs838 million in the quarter, and an Ebitda of Dhs2.43 billion. We invested Dhs2.26 billion in infrastructur, mainly related to our energy transition strategy. By 2030 we expect total installed generation capacity to reach 22 GW, out of which 7.5 GW, representing 34 per cent of generation mix, will be sourced from clean energy sources, up from the original target of 25 per cent. Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed Wolfgang Hattmannsdorfer, the Federal Minister of Economy, Energy and Tourism of Austria, and Etienne Berchtold, the Ambassador of the Republic of Austria to the UAE. The meeting was attended by Waleed bin Salman, Executive Vice President of Business Development and Excellence at Dewa; Dr. Yousef Al Akraf, Executive Vice President of Business Support and Human Resources; and Marwan Bin Haidar, Executive Vice President of Innovation and the Future at Dewa. The discussions focused on Dewa's efforts to foster global partnerships in sustainability, renewable energy and climate action, in line with the UAE's vision to spearhead the transition to a green economy. Talks also covered measures to strengthen co-operation to accelerate the green energy transition, address climate challenges and exchange best practice in environmental sustainability. Both sides emphasised the crucial role of technology and knowledge sharing in advancing innovative solutions to global environmental issues. Al Tayer highlighted Dubai's strategic clean energy objectives, aligned with the UAE Net Zero Strategy 2050, as well as the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to meet 100 per cent of the emirate's energy needs from clean sources by 2050.
Mid East Info
13-05-2025
- Business
- Mid East Info
Moro Hub and DIFC Forge Strategic Partnership to Accelerate Digital Transformation - Middle East Business News and Information
The strategic partnership aims to explore opportunities for offering advanced services to the DIFC Authority and its clients Dubai, UAE, May 2025: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), has signed a Memorandum of Understanding (MoU) with Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, during the 3rd edition of Dubai FinTech Summit. By combining their strengths, Moro Hub and DIFC are positioned to drive digital innovation and sustainability, reinforcing Dubai's position as a global leader in financial services and technology In the presence of HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and HE Essa Kazim, Governor of DIFC, the MoU was signed by Mohammad Bin Sulaiman, CEO of Moro Hub and Alya Alzarouni, Chief Operating Officer at DIFC. The ceremony was attended by Arif Amiri, Chief Executive Officer of DIFC Authority and Eng. Marwan bin Haidar, Vice Chairman & Group CEO of Digital DEWA and Eng. Waleed Salman, Vice Chairman – Energy at Digital DEWA and Mohammed Alblooshi, CEO of DIFC Innovation Hub, as well as senior officials from both parties. His Excellency Saeed Mohammed Al Tayer, said: 'Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we are working to position Dubai as a global hub for sustainable digital solutions in line with the UAE's Net Zero by 2050 Strategy and the Dubai Clean Energy Strategy 2050 and Dubai Net Zero Carbon Emissions Strategy 2050, ensuring a sustainable future for generations to come. This strategic partnership between Moro and DIFC reflects Dubai's firm commitment to accelerating digital transformation and strengthening its global leadership. Through the collaboration between Moro and the Dubai International Financial Centre (DIFC), we aim to empower institutions and businesses with world-class digital solutions, contributing to sustainable growth and creating new opportunities that support the Dubai Economic Agenda D33, which aims to double the size of the emirate's economy over the next decade through innovation and sustainable growth. This partnership embodies our shared vision for a future driven by innovation and sustainability, ensuring that Dubai remains at the forefront of technological and financial advancements worldwide.' His Excellency Essa Kazim, Governor of DIFC, commented: 'The collaboration between Moro and DIFC, aims to empower institutions and businesses with world-class digital solutions, contributing to sustainable growth and creating new opportunities that support the Dubai Economic Agenda D33. This partnership embodies our shared vision for a future driven by innovation and sustainability, ensuring Dubai remains at the forefront of technological and financial advancements.' 'This MoU marks a significant step in our efforts to strengthen the digital infrastructure across varied sectors. By collaborating with DIFC, we will contribute to the sustainable economic growth of Dubai. Together, we will explore ways to enhance digital solutions, ensuring that we remain at the forefront of innovation and security,' said Mohammad Bin Sulaiman, CEO of Moro Hub Alya Al Zarouni, Chief Operating Officer at DIFC Authority, added: 'Our agreement with Moro reinforces how DIFC continues working with like-minded organisations to provide world-class digital solutions that are valued by clients in the region's leading global financial centre. Collectively we will use the partnership to further enhance Dubai's reputation as a pre-eminent hub for technology and innovation.' This partnership aims to enhance the technological infrastructure and service offerings to clients within the DIFC ecosystem. These services include digital transformation, cloud services, cybersecurity, artificial intelligence, GPU as a service, and enterprise resource planning (ERP) packages and services. Moro Hub has been recognized by Guinness World Records for operating the world's largest solar-powered Green Data Centre, underscoring its commitment to green initiatives.
