Sat 18-03-2017 19:53 PM
DUBAI, 18th March, 2017 (WAM) -- Despite being home to one of the largest oil reserves, the UAE has already started preparing to bid farewell to the last barrel of oil, and today leads international efforts in clean and renewable energy, as result of its strategies and investments, according to a new report released by Dubai Water and Electricity Authority (DEWA).
"The UAE’s National Agenda incorporates this vision to develop a sustainable environment, while increasing its dependence on clean and green development. The UAE has established itself as a pioneer in the international energy sector, and has already launched world-class projects to diversify energy resources, with a focus on solar energy, due to the UAE’s convenient location on the Sunbelt. Dubai receives about 2,200 kilowatts per square meter (kW/m2) of the Global Horizontal Irradiance (GHI), while the Direct Normal Irradiance (DNI) is 1,900 kW/m2, annually. The amount of direct radiation can be used generate energy through photovoltaic (PV) and Concentrated Solar Power (CSP) technologies," the report says.
The report highlights that the UAE’s wise leadership has worked tirelessly to anticipate the future, as a fundamental element of its strategies and plans.
The vision of the UAE’s leadership, namely President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, plays a key role in strategic planning, to ensure a brighter future for generations to come, it says.
The report also highlights the UAE Energy Strategy 2050 which aims to develop an energy mix that combines renewable, nuclear and clean energy sources to balance economic requirements and environmental goals.
By 2050, the UAE aims to invest AED 600 billion to meet the growing energy demand and ensure the sustainable growth of the country’s economy. The strategy also seeks to increase efficiency of individuals and organisational demand by 40 per cent, and achieve savings of AED 700 billion by 2050.
Dubai has become an international pioneer in the development of smart cities, contributing to the renewable energy sector. It has also developed a number of techniques and practices to enhance the efficiency of the energy sector while rationalising consumption and finding alternative solutions to conventional energy. This supports the sustainable development of Dubai and the UAE.
The Dubai Clean Energy Strategy 2050 was launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, to provide 7 per cent of Dubai’s total power output from clean energy by 2020, the report noted.
This target will increase to 25 per cent by 2030 and 75 per cent by 2050. Dubai is the only city in the region to have launched such a promising strategy, with set goals and timelines that map the future of energy until 2050. The strategy consists of five main pillars: infrastructure, legislation, funding, building capacities and skills, and having an environment-friendly energy mix. The infrastructural pillar includes initiatives such as the Mohammad bin Rashid Al Maktoum Solar Park, which is the largest single-site solar energy project in the world, with a planned total production capacity of 5,000 megawatts by 2030, and a total investment of AED 50 billion.
"The vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum has been both an inspiration and a guiding beacon in our march towards excellence. This has enabled us to launch many ambitious projects and initiatives, to achieve the UAE Vision 2021, and the Dubai Plan 2021, which aims to transform Dubai into a sustainable city with clean and healthy environment, while promoting Dubai as an international hub for trade, finance, and tourism. The Dubai Plan 2021 also creates a model through which we will achieve the highest standards of energy efficiency and increase our dependence on renewable energy sources. We are also working to achieve the goals of the Demand Side Management Strategy, to reduce energy and water demand by 30 per cent by 2030, in order to make Dubai the city with the lowest carbon footprint in the world," said Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA).
According to Al Tayer, the Mohammed bin Rashid Al Maktoum Solar Park, which is being implemented by DEWA, will greatly contribute towards achieving the Dubai Clean Energy Strategy 2050, and the Green Economy for Sustainable Development initiative, which was launched by Sheikh Mohammed bin Rashid, to develop a green economy and achieve the sustainable development of the UAE.
The solar park, which is based on the Independent Power Producer (IPP) model, offers a host of promising investment opportunities to strengthen partnerships and investments between the public and private sectors in the field of energy.
In January 2012, Sheikh Mohammed launched the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world based on the IPP model, over an area of 77 square kilometres. The solar park has a total planned capacity of 1000MW by 2020, and 5000MW by 2030, with a total investment of AED 50 billion. After completion, the solar park will reduce 6.5 million tonnes of carbon emissions annually.
WAM/MMYS WAM 1947 2017/03/18 END