Dubai Electricity and Water Authority (DEWA) is actively driving initiatives to support the UAE’s ambitious goals of achieving a sustainable economy and enhancing the nation’s environmental footprint. By fostering strategic partnerships with the private sector and investing in clean and renewable energy projects, DEWA is contributing to the UAE’s national agenda while promoting sustainability in the region.
The focus on these efforts is in line with the visionary leadership of HH Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. DEWA’s commitment aligns with the goals of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), hosted by the UAE at Expo City Dubai from November 30 to December 12, 2023, where DEWA is participating as a Principal Pathway Partner.
One of the key elements of DEWA’s green strategy is the Independent Power Producer (IPP) projects. These projects significantly contribute to the UAE’s climate financing efforts and further solidify Dubai’s position as a global hub for green economy initiatives. They play a pivotal role in realizing the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, with the ultimate goal of producing 100% of the energy from clean sources by 2050. DEWA has been at the forefront of pioneering IPP project management and implementation since 2014. It has established a model partnership between the public and private sectors, attracting investments in the energy and water sectors and transferring knowledge and modern technologies to diversify energy sources following international best practices.
DEWA’s projects at the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park, have garnered significant attention from international developers and underscore investor confidence in major government-backed projects. Through these initiatives, DEWA has attracted substantial investments from the private sector and foreign banks, contributing to increased cash flow in the economy of Dubai and the UAE.
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, highlighted the urgency of making rapid and comprehensive changes in global energy distribution mechanisms and capital flow. He emphasized the importance of rethinking the transport sector, reducing waste, and fostering collaboration to build a sustainable future and find solutions to the world’s most pressing challenges. DEWA, in partnership with the World Green Economy Organisation (WGEO) and the Dubai Supreme Council of Energy, is organizing the World Green Economy Summit (WGES). The summit serves as a strategic platform for international collaboration in addressing global challenges, promoting sustainable development, and attracting investments in the green economy.
The IPP model’s capacity within DEWA’s ongoing projects exceeds 4,000 megawatts, with investments exceeding AED 40 billion. By utilizing this model, DEWA has saved an additional investment of approximately AED 26 billion, allowing for further investments in infrastructure projects. DEWA has also achieved world-class results, setting new benchmarks for solar energy prices per kilowatt-hour and positioning Dubai as a global reference point for solar energy pricing.
DEWA’s investment projects using the IPP model include the Mohammed bin Rashid Al Maktoum Solar Park, which will reach a production capacity of 5,000 megawatts by 2030, reducing more than 6.5 million tonnes of carbon emissions annually. Additionally, the Hassyan Power Complex and the Hassyan Desalination Plant project are making strides in the UAE’s energy and water production.
Furthermore, DEWA places a strong emphasis on energy efficiency projects, particularly in enhancing energy use efficiency in buildings. In line with the UAE’s vision to establish a green economy, DEWA is dedicated to collaborating with public and private organizations sharing the vision of environmental sustainability and net-zero emissions. The establishment of an energy services company, Etihad Esco, is an example of DEWA’s efforts to enhance energy efficiency in Dubai by retrofitting existing buildings.
The 9th World Green Economy Summit (WGES) scheduled for November 28-29, 2023, will address priority areas during COP28, including the just, orderly, equitable energy transition and climate finance. The summit will encompass thematic pillars such as green policy, green finance, green technology and innovation, green energy, and green partnerships. WGES will bring together global thought leaders, government institutions, major corporations, and sustainability fund leaders to exchange best practices and explore the green and fair economy. The event aims to engage all sectors of society and empower youth to play an influential role in shaping a sustainable future.
DEWA’s endeavors and initiatives reflect the commitment of the UAE’s leadership to advancing sustainability and green energy, further cementing the nation’s position as a global advocate for environmental consciousness and clean energy solutions.