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, led by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE; HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and HH Sheikh Mohammed 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.
UAE Energy Strategy:
The UAE Energy Strategy 2050 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 the efficiency of energy use by individuals and organisations by 40%, and achieve savings of AED 700 billion by 2050.
Dubai Clean Energy Strategy 2050:
Dubai has become an international pioneer in the development of 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 the Emirate. The Dubai Clean Energy Strategy 2050 was launched by HH Sheikh Mohammed bin Rashid Al Maktoum, to provide 7% of Dubai’s total power output from clean energy by 2020. This target will increase to 25% by 2030 and 75% 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 environmentally friendly energy mix.
The largest single-site solar park in the world:
The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world based on the Independent Power Producer (IPP) model. It has a planned production capacity of 5,000 MW by 2030, with investments totaling AED 50 billion. When completed, it will save over 6.5 million tonnes of carbon emissions annually.
Global certificates & awards:
The Mohammed bin Rashid Al Maktoum Solar Park contributed to DEWA winning the Best Sustainable Project of the Year in the UAE at the 2014 MEED Quality Awards. This is the first time this award was given to a renewable energy project in the region. DEWA also won an award for Distinguished Technical Project, for phase 1 of the Mohammed bin Rashid Al Maktoum Solar Park at the 18th Dubai Government Excellence Programme Awards (DGEP). DEWA founded Shuaa Energy 1, in cooperation with the consortium led by ACWA Power and TSK. It has won three awards for the second project of the solar park: the Solar Project deal of the Year from the IGI Global journal, the MESIA Utility-Scale Solar Project of the Year from the Middle East Solar Industry Association, and the Private Finance Deal of the Year at the Bonds, Loans & Sukuk Middle East Awards 2015. DEWA also won the ‘2017 Middle East and Africa Renewables Deal of the Year’ by Project Finance International (PFI) magazine for the third phase of the solar park.