Modi lost his majority in parliamentary elections held between April and June and had to depend on fickle allies to form a government
asia4 hours ago
Dubai Electricity and Water Authority (Dewa) on Sunday said the share of clean energy that it produced has increased to nine per cent in 2020, surpassing its target of seven per cent set for this year.
Under its Dubai Clean Energy Strategy 2050, the utility services provider has target of increasing clean energy share to 75 per cent in the next 30 years.
Out of total installed capacity of 11,700MW of electricity, 1,013MW is produced from photovoltaic solar panels at the Mohammed bin Rashid Al Maktoum Solar Park while the total capacity of the projects under construction at the solar park is 1,850MW from photovoltaic and Concentrated Solar Power (CSP). Dewa aims to increase the capacity to 5,000MW by 2030.
"We recently signed the power purchase agreement for the 900MW 5th phase of the solar park with a consortium led by Acwa Power and Gulf Investment Corporation. The total investments of the project exceed Dh2 billion. The project achieved a new record by receiving the lowest international bid of $1.6953 cents per kilowatt hour using photovoltaic solar panels based on the Independent Power Producer (IPP) model," said Saeed Mohammed Al Tayer, managing director and CEO of Dewa.
In the first phase, Dewa installed 13MW solar park in 2013 using photovoltaic solar panels. The 200MW photovoltaic 2nd phase was commissioned in 2017. The third phase has a capacity of 800MW. The 4th phase of the solar park is the world's largest single-site investment project that combines CSP and photovoltaic technology with a capacity of 950MW using IPP model.
The fifth phase will have a capacity of 900MW using photovoltaic solar panels. The project will use the latest solar photovoltaic bifacial technologies, with Single Axis Tracking to increase energy production. It will be commissioned in stages starting from Q3 of 2021.
Al Tayer has earlier said that Dewa has investment plans of over Dh86 billion over the next five years to meet the growing demand for electricity and water in the emirate.
waheedabbas@khaleejtimes.com
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