When the world’s richest oil nations start investing millions of dollars in solar technology and renewable energy research, some message is being sent out about the importance of clean and safe energy.
GO ECO GREEN21. The United Arab Emirates has the most amazing buildings in the world, quality and innovative construction is prt of their high standars. The UAE 2050 Energy Strategy aims to achieve an energy mix that combines clean and renewable energy sources to balance economic requirements and environmental objectives.
The UAE will invest 600 billion AEDs until 2050 to meet the growing demand for energy and ensure the sustainable growth of the economy. A report carried by Go Eco Green21 highlights that Dubai has become an international pioneer in the development of the clean and renewable energy sector. The fourth phase of the 950 MW hybrid project (700MW CSP and 250MW PV) of theMohammed bin Rashid Al Maktoum Solar Park is the world’s largest single-site concentrated solar power plant that uses a combination of state-of-the-art tower and parabolic trough concentrated solar energy (CSP) technologies to harvest energy from the sun. This will be compatible with photovoltaic panels to bring the entire phase to 950 MW. The project, which was awarded to a consortium led by ACWA Power in 2017, will deliver electricity at a very competitive price during the day and the night.
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.
The infrastructure pillar includes initiatives such as Mohammed Bin Rashid Al Maktoum Solar Park, which is the largest generator of solar energy in the world from a single location with a capacity to produce 5,000 MW by 2030 and a total investment of AED 50 billion.
The legislation pillar focuses on the establishment of a legislative structure supporting clean energy policies in two phases.
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.
The fourth pillar aims to build human resources capabilities through global training programmes in the field of clean energy in cooperation with international organisations and institutes such as International Renewable Energy Agency (Irena) as well as international companies and R&D centres.
The fifth pillar is focused on creating an environment friendly energy mix comprising solar energy (25 per cent), nuclear power (7 per cent), clean coal (7 per cent) and gas (61 per cent) by 2030. The mix will gradually increase the employment of clean energy sources to 75 per cent by 2050, making Dubai the city with the least carbon footprint city in the world.