DEWA – Masdar collaborates for renewable energy

0

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received a delegation from the Abu Dhabi Future Energy Company (Masdar) headed by Mohamed Jameel Al Ramahi, CEO of Masdar, at DEWA’s head office.

The meeting featured discussions to enhance the scope of partnership in the field of renewable energy and projects in the renewable energy market. This supports the UAE’s Vision 2021 to become one of the best countries in the world by 2021. This, in turn, strengthens the UAE’s global competitiveness, especially in renewable energy, and green economy technologies and products, DEWA press release said.

Consolidating sustainability

“DEWA co-operates with different government organisations in the UAE to strengthen sustainability and to ensure a brighter and happier future. This is achieved through separate projects and initiatives to increase dependence on renewable and clean energy sources. DEWA is working on diversifying Dubai’s energy mix to derive 61 percent of energy from natural gas, 25 percent from solar energy, 7 percent from clean coal, and 7 percent from nuclear power by 2030. Gradually, the energy mix will witness enhanced component of clean energy sources, up to 75 percent by 2050, to achieve sustainable development and improve the prosperity and well-being of our citizens, residents, and visitors, while ensuring a sustainable future for generations to come.” ”We aim to become a global role model by supporting Dubai’s economic growth, securing our energy supply, using energy efficiently and meeting our environmental and sustainability goals, to make Dubai a global centre for clean energy and green economy.

Through the Dubai Clean Energy Strategy 2050, we aim to provide 7 percent of Dubai’s total power output from clean energy by 2020. This target will increase to 25 percent by 2030 and 75 percent by 2050,” added Al Tayer.

Enhancing strategic partnership

The visiting delegation hailed DEWA’s commitment towards strengthening cooperation and strategic partnership to support national clean and renewable energy strategies for future generations.

Last June, DEWA announced the selected bidder for the 800 megawatts (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will be constructed based on the Independent Power Producer (IPP) model. The selected bidder for the project is a Masdar-led consortium including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group.

The consortium bid a Levelised Cost of Electricity (LCOE), of $2.99 cents per kilowatt (kW). The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world with a planned capacity of 5,000MW by 2030 with a total investment of Dh50 billion.

About Author