Revolutionizing Sustainability with the World's Largest Solar Park

Source: NOS

LXRY PROPERTIES Dubai: Revolutionizing Sustainability with the World's Largest Solar Park

Dubai continues to solidify its position as a global leader in sustainability and renewable energy. The inauguration of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park represents a monumental milestone in the emirate's pursuit of clean energy. Recognized as the world’s largest single-site solar park, it boasts an ambitious planned capacity of 5,000 megawatts by 2030.

Phase Five: Powering 270,000 Homes

According to the Dubai Media Office, the 900-megawatt Phase Five of the solar park will supply clean energy to approximately 270,000 households in the emirate. This will result in an annual reduction of 1.18 million tons of CO2 emissions. The project aligns with Dubai’s commitment to environmental preservation and its larger vision for a sustainable future.

Sheikh Mohammed bin Rashid, Vice-President and Ruler of Dubai, inaugurated the latest phase, emphasizing its significance:
"The completion of Phase Five of the Mohammed bin Rashid Al Maktoum Solar Park brings us closer to our vision of an economy powered entirely by clean energy. Dubai is determined to become one of the most sustainable cities in the world with diverse initiatives."

A Commitment to Clean Energy Goals

Dubai’s strategic energy goals are as ambitious as they are transformative:

• By 2030, the emirate aims to generate 25% of its energy from renewable sources.
• By 2050, it envisions a future where 100% of its energy comes from sustainable solutions.

The fifth phase’s launch coincides with the UAE's Year of Sustainability and the nation’s hosting of the COP28 Climate Summit in November.

An Investment in the Future

With a total investment of Dh50 billion, the Mohammed bin Rashid Al Maktoum Solar Park operates on the Independent Power Producer (IPP) model. Once fully operational in 2030, the solar park is expected to reduce annual CO2 emissions by 6.5 million tons. Phase Five alone, valued at Dh2 billion, is a collaborative effort led by:

• Dubai Electricity and Water Authority (DEWA), holding a 60% stake.
• A consortium led by Acwa Power and Gulf Investment Corporation, holding the remaining 40% through Shuaa Energy 3.

Current Achievements

The solar park already delivers an impressive 2,427 MW of power through its photovoltaic (PV) and concentrated solar power (CSP) projects. These accomplishments further reinforce Dubai’s global leadership in clean energy innovation.

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