Dubai utility issues EOI for 2GW solar, 1GW BESS
This landmark event will explore the Middle East''s trajectory to become the third largest storage market globally by 2026, with a
Dubai Electricity and Water Authority 'DEWA' unveiled an ambitious industry-friendly energy policy that encourages manufacturers, factories, data centres and agritech firms to use solar power matching their total connected load.
Under this strategy, Dubai aims to produce 75 per cent of its energy requirements from clean sources by 2050. The strategy also aims to make Dubai a global centre of clean energy and green economy. It consists of five main pillars: infrastructure, legislation, funding, building capacities and skills, and environment friendly energy mix.
With a storage capacity of over 1500 MW, it uses water stored in the Hatta Dam to generate solar energy. Dubai is spearheading the development of novel technologies for green hydrogen production using clean and renewable energy. Green hydrogen production is projected to increase by 57% annually, reaching 5.7 million tonnes in 2030.
The funding pillar includes the establishment of Dubai Green Fund worth of AED 100 billion which will contribute through its financial resources easy loans for investors in the clean energy sector in the emirate at reduced interest rates.
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