While upstream oil and gas revenue provided much of the financing for Dubai’s early development, the emirate’s road to modernisation has been built around economic diversification. In recent years the government has focused on the expansion of midstream and downstream industries, alongside fundamental changes to power generation. Having...
With the Dubai government allocating $163bn to diversify its energy sector until 2050, including a $27bn fund for renewables, the emirate is rapidly emerging as a global centre for research and innovation for solar and other green power projects.
The Dubai Electricity and Water Authority (DEWA) is striving to harness the potential of renewable energy. As part of these plans, the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park) was launched in 2012. Future developments at the plant will see solar energy generation capacity increasing to 1000 MW by 2020 and 5000 MW by 2050 –...
Although Dubai’s growth and prosperity have been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of the emirate’s GDP in 2016. Energy’s contribution to national GDP in recent years has averaged around 45% for the UAE as a whole, but only about 5% in Dubai. Still, Dubai operates as a centre for oil...
Dubai Electricity and Water Authority (DEWA) announced in October 2018 that it was awarding Dh93m ($25.3m) worth of orders for 990 transformers. The transformers, sourced from a number of global manufacturers, will be equipped with smart meters and used to increase the capacity, efficiency and reliability of power distribution in Dubai. “The...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, most recently, the Paris Agreement. Investment in and development of renewable...
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