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Released March 30, 2015 | JOHANNESBURG
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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Dubai Electricity and Water Authority (DEWA) is developing a 200-megawatt (MW) solar photovoltaic (PV) power project, based on the independent power producer (IPP) model. The project will be operational by April 2017.
DEWA has signed a power purchase agreement and a shareholder agreement for the second phase of the Mohammed Al Maktoum solar park.
The $372 million project supports the green initiatives and programs being implemented by the government of Dubai to reduce carbon emissions.
Attendees at the signing ceremony included Jaoaquin Garcia Rico, chief executive of TSK (Gijon, Spain); Paddy Padmanathan, chief executive of Acwa Power (Riyadh, Saudi, Arabia); and other senior officials of the two companies, plus DEWA and Saudi Arabian officials.
DEWA plans for solar energy to account for 7% of its energy production by 2020, and 15% by 2030. The solar park will produce 3,000 MW when completed in 2030.
For related information, see July 29, 2013, article - GCC Countries Look to Renewables to Avoid Energy Import Dependence, and October 27, 2014, article - Oman Windfarm Points to Region's Renewables Future.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
DEWA has signed a power purchase agreement and a shareholder agreement for the second phase of the Mohammed Al Maktoum solar park.
The $372 million project supports the green initiatives and programs being implemented by the government of Dubai to reduce carbon emissions.
Attendees at the signing ceremony included Jaoaquin Garcia Rico, chief executive of TSK (Gijon, Spain); Paddy Padmanathan, chief executive of Acwa Power (Riyadh, Saudi, Arabia); and other senior officials of the two companies, plus DEWA and Saudi Arabian officials.
DEWA plans for solar energy to account for 7% of its energy production by 2020, and 15% by 2030. The solar park will produce 3,000 MW when completed in 2030.
For related information, see July 29, 2013, article - GCC Countries Look to Renewables to Avoid Energy Import Dependence, and October 27, 2014, article - Oman Windfarm Points to Region's Renewables Future.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
