Masdar and Miral Sign Landmark Agreement To Develop Abu Dhabi’s Largest Rooftop Solar Project
Masdar, one of the world’s leading renewable energy companies, has signed an agreement with Miral, Abu Dhabi’s leading curator of experiences, to develop Abu Dhabi’s largest rooftop solar photovoltaic (PV) project to date at Warner Bros. World™ Abu Dhabi on Yas Island. The agreement aims to provide an estimated 16,000 solar modules across the theme park’s roof area of 36,000 square meters and will produce nearly 40 per cent of its annual energy demand. Under the agreement, Masdar will provide a full turnkey solution for the 7-megawatt peak (MWp) project, including the design, procurement, and construction, as well as operation and maintenance of the plant. The project is scheduled to be operational in Q4 2021, and once complete, Warner Bros. World™ Abu Dhabi will become the largest solar powered theme park in the GCC.
APICORP Provides Financing For Development Of Phase 5 Of Mohammed bin Rashid Al Maktoum Solar Park
The Arab Petroleum Investments Corporation (APICORP), multilateral development financial institution, has signed an agreement with Shuaa Energy 3 P.S.C sponsored by Dubai Electricity and Water Authority (“DEWA”), ACWA Power and Gulf Investment Corporation, to provide USD70.5 mn in financing for the fifth phase of development of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE. Part of a larger project finance facility amounting to USD420.2 mn provided by a number of local, regional and international banks, the funds will be used in the development, construction, ownership, operation and maintenance of a USD564 mn 900MW state-of-the-art solar photovoltaic (PV) plant. Utilizing bi-facial panels with tracking technology, the plant will produce the lowest levelized cost of electricity in the world at just under USD0.017 (1.7 cents) per kWh. The project is aligned with Dubai’s Integrated Energy Strategy 2030 as well as Clean Energy Strategy 2050, aimed at securing a sustainable supply of energy and diversifying energy supply sources. Phase 5 of the development of the Park, the single-site solar park in the world, is expected to power 270,000 homes and offset 1.18 million tons of CO2 emissions annually. It also marks a crucial milestone for Dubai as the city aims to reduce its reliance on imported natural gas by achieving 7% of installed capacity from solar energy by 2020 and 25% by 2030.
UAE’S SEWGA Completes 157 New 11 Kilovolts Distribution Stations
Sharjah Electricity, Water and Gas Authority, SEWGA, announced the completion of its work plan for 2020. The plan sought to raise the efficiency of the power grid and improve its performance to ensure the stability and continuity of the power supply, in accordance with quality standards; reduce power failures and respond to the continuous increase in power consumption and expected loads. Officials announced that SEWGA completed 157 new 11 kilovolts distribution stations and replaced equipment and spare parts in 111 stations, upgraded 26 stations, expanded seven areas in Sharjah, and completed projects to modify and upgrade old grids in 23 areas.
Virtual WETEX & Dubai Solar Show Promise Unique Experience For International Exhibitors Using The Latest Global Technologies
Dubai Electricity and Water Authority’s (DEWA’s) 3D virtual Water, Energy Technology, and Environment Exhibition (WETEX) and Dubai Solar Show, which it will organise from 26 to 28 October 2020, will use the latest technologies to provide a unique experience for international exhibitors and visitors,. The announcement was made at a virtual press conference held by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, Founder and Chairman of WETEX and Dubai Solar Show. The conference was held on the virtual platform that will be used for the exhibition. A number of officials from the UAE and abroad attended the virtual press conference. During the conference, Al Tayer said that, 1,049 companies from 52 countries are participating in the virtual exhibition so far, including 168 solar companies, which has also attracted 47 sponsors. The innovative virtual platform will make it easier for visitors to access the exhibition. DEWA expects around 40,000 visitors from all over the world.
ADFD Funded RE Project in Maldives Receives Global Recognition For Innovation
In Maldives A renewable-energy project which is financed by Abu Dhabi Fund for Development has received a certification from Global Innovation Institute (GINI) an international professional certification, accreditation and membership association in the field of innovation. The first of its kind initiative, for which ADFD provided a concessional loan of AED22 million ($6 million) in 2015, aims to address the country’s waste-management and energy challenges through the construction of facilities that will use waste in an ecofriendly manner to generate about 4MW of energy. The project will eventually cover three Islands of Vandhoo, Addu and Kulhudhuffushi. “The initiative thus helps the Maldivian government to achieve SDG 7, which seeks to ensure everyone has access to affordable, reliable and modern energy services by 2030; as well as SDG 15, which aims to conserve the environment,” Al Suwaidi said. The fund has since supported the efforts of the Maldivian government towards economic and social development and enabled it to meet the development challenges it faced by financing projects that cover the most important sectors in the economy, including housing, telecommunications, transport and energy. The Fund has so far financed 10 development projects with a total value of more than AED750 million.
DEWA Launches Online Campaign For World Energy Day
Dubai Electricity and Water Authority (DEWA) has launched an online campaign for World Energy Day, which is observed on 22 October every year. This is part of its continuous efforts to engage the public in achieving sustainable development and raise awareness on the importance of energy conservation, increasing energy efficiency and supporting energy sustainability. World Energy Day is an initiative adopted by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; along with 54 countries, representatives from the UN, the Arab League, and the African Union through the Dubai Declaration on 22 October 2012.
Swiss Consul General Reviews DEWA’s Work On Sustainability
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has received HE Frank Eggmann, Consul General of Switzerland to Dubai and the Northern Emirates. Al Tayer welcomed the Swiss Consul General and outlined DEWA’s pioneering and innovative projects and initiatives to achieve the vision of the wise leadership, which is the roadmap for DEWA’s ambitious initiatives and development projects for sustainable development. This supports DEWA’s vision to become a globally leading sustainable innovative corporation.
[…] Masdar and Miral Sign Landmark Agreement To Develop Abu Dhabi’s Largest Rooftop Solar Project Masdar, one of the world’s leading renewable energy companies, has signed an agreement with Miral, Abu […]Read MoreSolarQuarter […]