Dubai Completes Solar Plant to Power 50,000 Homes

dubai_solar_park

Second phase of the Mohammed bin Rashid Al-Maktoum Solar Park includes 2.3m solar panels

Dubai on Monday completed a solar plant big enough to power 50,000 homes as part of a plan to generate three-quarters of its energy from renewables by 2050.

The 200 megawatt plant sprawls over 4.5 square kilometres (1.73 square miles) of desert and includes some 2.3 million photovoltaic panels.

It is the second phase of the Mohammed bin Rashid Al-Maktoum Solar Park, which is set to pump out a total of 1,000 megawatts by 2020, the Dubai Electricity and Water Authority said.

The $326 million second phase was built by a consortium including Saudi Arabia’s ACWA Power and Spain’s TSK.

DEWA chief Saeed al-Tayer said the operators would sell power to the public utility company.

The project is the “largest and first solar power project of its kind in the region”, he said.

“The state has begun early in preparing to say goodbye to the last drop of oil, through a clear strategy including investments in power generation plants that use various solar power technologies,” Tayer said.

The solar park’s first phase came online in 2013, with 152,000 panels producing 13 megawatts.

DEWA said in December the second phase of the project had set a world record for cheap solar energy, at 5.6 US cents (5.2 euro cents) per kilowatt hour.

Last year, DEWA awarded the third and final phase of the project, an 800 megawatt extension to the park, to a consortium led by Abu Dhabi’s Masdar.

The Gulf emirate currently has a total generating capacity of 10,200 megawatts, Tayer said.

Dubai is part of the oil-rich United Arab Emirates, but has few oil reserves itself.

The bulk of crude production is concentrated in Abu Dhabi.

Originally published by Arabian Business.

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Kuwait Starts Up Its First Solar Power Plant

Kuwait began operating its first-ever solar power plant on Wednesday at the Umm Gudair oil field, a landmark for the OPEC member country as it seeks to diversify its sources of energy to meet fast-rising local demand.

The 30-million Kuwaiti dinar ($99 million) project, Sidrah 500, will produce 10 megawatts (MW) of electricity, half of which will be supplied to the public electricity network.

The other half will be used to supply the oil field itself, which is owned by Kuwait Oil Company (KOC), a subsidiary of state-run Kuwait Petroleum Corporation (IPO-KUWP.KW) (KPC).

Kuwait announced plans last year to generate 15 percent of its energy needs via renewable sources by 2030.

Consumption of electricity is rising rapidly in Kuwait, as throughout the rest of the Gulf region. The country’s electricity and water minister estimated last year that demand would reach 30,000 MW per day by 2030.

In a speech at the project launch, KOC chief executive Jamal Ja’afar told reporters that Sidrah 500 represented the country’s first step toward that goal.

“We hope that by 2020 we can make 20 percent of the electricity which will be needed to run KOC from alternative energy,” he said.

The opening of the plant follows increased interest in renewables in Kuwait and across the Gulf region in recent years, as the scale of the consumption challenge has become clear.

The Kuwait Institute for Scientific Research signed a contract last year with Spain’s TSK to establish the country’s first solar thermal energy plant, with a planned production capacity of 50 MW.

The institute’s Shaqaya initiative is also planning solar and wind projects in the northwest of the country.

Abu Dhabi-based green energy firm Masdar has invested more than $1.7 billion in renewable energy projects since it was established a decade ago. ($1 = 0.3028 Kuwaiti dinars).

Originally published by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
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Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.