NEWSLETTER
Friday, June 13, 2025
The Novum Times
No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
No Result
View All Result
The Novum Times
No Result
View All Result

Mohammed bin Rashid inaugurates 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park – Business – Energy

by The Novum Times
18 June 2023
in Middle East
Reading Time: 6 mins read
A A
Home News Middle East
Share on FacebookShare on TwitterShare on Whatsapp


HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 900 megawatt (MW) fifth part of the Mohammed bin Rashid Al Maktoum Photo voltaic Park, the biggest single-site photo voltaic park on the earth with a deliberate capability of 5,000 MW by 2030. 
The fifth part of the venture will present clear power to round 270,000 residences in Dubai, decreasing 1.18 million tonnes of carbon emissions yearly. That includes a complete funding of AED50 billion, primarily based on the Impartial Energy Producer (IPP) mannequin, the Photo voltaic Park is anticipated to cut back 6.5 million tonnes of carbon emissions yearly when totally accomplished.
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council; His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Power (DSCE); and His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports activities Council attended the inauguration.
HH Sheikh Mohammed bin Rashid Al Maktoum was welcomed on the Photo voltaic Park in Seih Al Dahl, by His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of the Dubai Electrical energy and Water Authority (DEWA).
HH Sheikh Mohammed bin Rashid Al Maktoum stated: “The UAE is on the forefront of worldwide efforts to create a extra sustainable future for all of humanity by taking concrete motion to transition to renewable energies and fight local weather change. In 2023, the UAE’s 12 months of Sustainability, and the yr during which we’re internet hosting COP28, we proceed to put sustainability on the coronary heart of our improvement plans and make new strides in shaping a really environmentally pleasant economic system. The completion of the fifth part of the Mohammed bin Rashid Al Maktoum Photo voltaic Park takes us one other main step nearer to realising our imaginative and prescient for an economic system totally powered by clear power. 
“Aligned with the UAE’s imaginative and prescient, Dubai has developed a transparent technique and pathway to attain its targets of producing 25 per cent of its power necessities from renewable sources by 2030 and 100 per cent by 2050. Dubai is resolute in its dedication to changing into one of the crucial sustainable cities on the earth, with various initiatives. The speedy progress of the Mohammed bin Rashid Al Maktoum Photo voltaic Park venture is one more instance of our sturdy ethos of public-private partnerships. Such partnerships play a key position in driving sustainable financial improvement, constructing a world-class renewable power infrastructure and creating a various environment-friendly power combine within the emirate. Other than benefiting the setting, our sustainability initiatives additionally contribute to our plans to consolidate Dubai’s standing as one of many world’s high city economies and improve the wellbeing and high quality of lifetime of our residents and residents.”  
The inauguration was attended by His Excellency Dawood Al Hajri, Director Common of Dubai Municipality; His Excellency Ahmed Buti Al Muhairbi, Secretary-Common of the Dubai Supreme Council of Power; His Excellency Saif Humaid Al Falasi, CEO of Emirates Nationwide Oil Firm (ENOC); His Excellency Abdulla bin Kalban, Managing Director of Emirates International Aluminium (EGA); Hussain Al Banna, CEO of Technique and Company Governance Sector on the Roads and Transport Authority (RTA); Juan-Pablo Freile, Common Supervisor of Dubai Petroleum; Hussain Al Banna, Performing CEO of the Technique & Company Governance Sector on the Roads & Transport Authority (RTA); Mohammad Abdullah Abunayyan, Chairman of ACWA Energy; and Ibrahim AlQadhi, CEO of Gulf Funding Company (GIC).
His Highness was briefed by Al Tayer in regards to the fifth part of the Mohammed bin Rashid Al Maktoum Photo voltaic Park. DEWA has carried out this part utilizing the most recent photo voltaic photovoltaic bifacial applied sciences with Single Axis Monitoring to extend power manufacturing and the plant’s effectivity.
The AED2 billion venture, carried out primarily based on the Impartial Energy Producer (IPP) mannequin, encompasses a partnership between DEWA (60%) and a consortium led by ACWA Energy and Gulf Funding Company (40%) via Shuaa Power 3. DEWA achieved a world document by receiving the bottom bid of $1.6953 cents per kilowatt hour (kWh) for the fifth part.
HH Sheikh Mohammed bin Rashid Al Maktoum was additionally briefed by Al Tayer in regards to the phases of the Mohammed bin Rashid Al Maktoum Photo voltaic Park and the applied sciences used within the venture. The full capability of the photo voltaic power initiatives commissioned on the photo voltaic park has reached 2,427MW from photovoltaic photo voltaic panels and Concentrated Photo voltaic Energy (CSP). The full capability of the initiatives beneath building on the photo voltaic park is 433MW from CSP. DEWA has elevated the share of fresh power in Dubai’s power combine to about 16.3% of its whole put in capability, which has reached 14,917 MW.
“Our work is aligned with the directives of the sensible management consistent with the declaration of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, 2023 because the 12 months of Sustainability within the UAE with the slogan ‘At this time for Tomorrow’, and in accordance with the imaginative and prescient and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and in help of the UAE internet hosting the biggest worldwide local weather occasion, which is the Convention of the Events to the United Nations Framework Conference on Local weather Change (COP 28) in Expo Metropolis Dubai later this yr. We proceed to do our greatest to advertise sustainability and rework right into a sustainable inexperienced economic system by rising the share of fresh and renewable power. Now we have made speedy progress in attaining the Dubai Clear Power Technique 2050 and the Dubai Web Zero Carbon Emissions Technique to supply 100% of Dubai’s whole energy capability from clear power sources by 2050. To attain these objectives, we’re implementing a number of initiatives on the Mohammed bin Rashid Al Maktoum Photo voltaic Park. We promise His Highness Sheikh Mohammed bin Rashid Al Maktoum to proceed our improvement initiatives to attain his bold imaginative and prescient for this nationwide venture, which provides to the UAE’s success in shifting steadily in direction of a sustainable future for present and future generations,” stated Al Tayer.
Mohammad Abunayyan, Founder and Chairman of the Board of Administrators of ACWA Energy, stated: “At this time, we’re delighted to have a good time one more milestone with our long-standing associate Dubai Electrical energy and Water Authority, as we inaugurate the fifth part of the Mohammed bin Rashid Al Maktoum Photo voltaic Park forward of schedule alongside our companions Gulf Funding Company and the EPC contractor Shanghai Electrical. Our goal for Shuaa Power 3 has been to attain the best technical and operational requirements each step of the way in which, setting the document for the bottom photo voltaic tariff globally in 2020 and deploying superior applied sciences similar to bifacial photo voltaic panels and automated cleansing robots.”
“ACWA Energy has adopted a complete security programme and carried out ongoing security initiatives to enhance security tradition and achieved zero Misplaced Time Harm (LTI) all through the venture building. At ACWA Energy, we’re proud to help Dubai and the broader area’s clear power ambitions, and can proceed to set new information in renewable power improvement not simply regionally however on a worldwide scale,” Abunayyan added.
ACWA Energy has labored on earlier phases of the Mohammed bin Rashid Al Maktoum Photo voltaic Park. The 200MW photovoltaic second part of the photo voltaic park developed by ACWA Energy was launched in March 2017. In the meantime, a consortium led by DEWA and ACWA Energy shaped a venture firm, Noor Power 1, to design, construct and function the 950MW fourth part.
 “We’re delighted to co-develop renewable power and infrastructure initiatives within the UAE. The fifth part of the Mohammed bin Rashid Al Maktoum Photo voltaic Park, primarily based on the (IPP) mannequin, is taken into account to be a pioneering venture because it makes use of state-of-the-art clear energy technology options that contribute to the Dubai Clear Power Technique 2050,” stated Ibrahim AlQadhi, Chief Govt Officer of Gulf Funding Company. 
“We want to take this chance to congratulate the Dubai Electrical energy and Water Authority for its success in attracting native, regional and worldwide builders and traders to take part within the improvement of Dubai’s power sector,” he additional added.
The inauguration of the 900MW fifth part of the Mohammed bin Rashid Al Maktoum Photo voltaic Park helps the directives of HH Sheikh Mohammed bin Rashid Al Maktoum to supply 100% of Dubai’s energy manufacturing capability from clear power sources by 2050. In 2020, DEWA achieved a world document by receiving the bottom bid of USD 1.6953 cents per kilowatt hour (kWh) for the fifth part, which included over 6.8 million secure working hours. The fifth part was accomplished forward of schedule (June 2023 as an alternative of December 2023) regardless of the implementation having commenced through the COVID-19 pandemic.
The fifth part is among the first initiatives within the Center East to make use of Synthetic Intelligence (AI) as a part of a complicated robotic cleansing system for the operation and upkeep of photovoltaic panels. The full space of the fifth part is roughly 10 sq. kilometres, which is half of the overall space of the 800MW third part. 

 

Google NewsstandComply with Emirates 24|7 on Google Information.



Source link

Tags: 5thbinBusinessenergyinauguratesMaktoumMohammedparkPhaseRashidSolar

Related Posts

World on the Brink: The Rise of Communism as a New Superpower

World on the Brink: The Rise of Communism as a New Superpower

by Adab Bhandari
10 November 2023
0

Dive into the urgent report: 'World on the Brink - The Rise of Communism as a Superpower.' Uncover the President's...

Internal Security Supreme Committee visits COP28 Operations Centre in Expo City Dubai – Sustainability – COP28

Internal Security Supreme Committee visits COP28 Operations Centre in Expo City Dubai – Sustainability – COP28

by The Novum Times
10 November 2023
0

During its regular meeting, led by Major General Khalifa Hareb Al Khaili, Under-Secretary of the Ministry of Interior, the Supreme...

Mansoor bin Mohammed reviews preparations for 2023 Dubai Airshow, COP28 at Al Maktoum International Airport – Sustainability – COP28

Mansoor bin Mohammed reviews preparations for 2023 Dubai Airshow, COP28 at Al Maktoum International Airport – Sustainability – COP28

by The Novum Times
10 November 2023
0

H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Ports and Borders Security Council, today visited...

Mohammed Bin Rashid Aerospace Hub unveils new developments to meet surging industry demand – Business – Travel

Mohammed Bin Rashid Aerospace Hub unveils new developments to meet surging industry demand – Business – Travel

by The Novum Times
9 November 2023
0

Mohammed Bin Rashid Aerospace Hub (MBRAH), Dubai’s aerospace platform dedicated to advancing the aviation industry, has unveiled plans for the...

UAE President, Emir of Qatar discuss fraternal relations, regional developments – World

UAE President, Emir of Qatar discuss fraternal relations, regional developments – World

by The Novum Times
9 November 2023
0

President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Tamim bin Hamad Al Thani, Emir of...

Next Post
Caitlin Long On Bitcoin’s Banking Future: ‘Policymakers Are Going To Get What They Fear’

Caitlin Long On Bitcoin’s Banking Future: ‘Policymakers Are Going To Get What They Fear’

Dubai Municipality wins two awards at International Awards for Liveable Communities – UAE

Dubai Municipality wins two awards at International Awards for Liveable Communities - UAE

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

Browse by Tag

Biden Bitcoin Business Canada case Channel China court Cup day dead deal Death Diplomat free global Health Home India Jammu Kashmir killed latest Life Live man National News NPR people Police POLITICO Russia South Time Times Top Tourism Trump U.S UAE Ukraine war world Years
  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In