DEWA, Masdar to partner on renewables projects
Dubai Electricity and Water Authority (DEWA) and Abu Dhabi’s Masdar have discussed plans to partner on further renewable energy projects
Dubai Electricity and Water Authority (DEWA) and Abu Dhabi’s Masdar have discussed plans to partner on further renewable energy projects.
A Masdar delegation visited DEWA’s offices yesterday for a discussion to “enhance the scope of partnership in the field of renewable energy, and projects in the renewable energy market,” DEWA said.
The cooperation is intended to increase the UAE’s global competitiveness in renewable energy and green technologies, according to the authority.
Yesterday’s meeting followed DEWA’s selection of a Masdar-led consortium for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in June.
Read: Dubai’s DEWA awards deal for 800MW solar park to Masdar-led group
The consortium, which also included Spain’s FRV and Gransolar Group, submitted a bid of $2.99 per kilowatt.
“We are proud of our ongoing strategic partnership with Masdar, and strive to exchange skills and expertise, to achieve excellence in implementing world-class projects, in adherence with the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,” said Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Dubai’s clean energy strategy envisions providing 7 per cent of total power output from clean sources by 2020, 25 per cent by 2030 and 75 per cent by 2050.
Earlier this year, DEWA requested proposals for consultants to develop the strategy, structure, execution and governance framework for the Dhs100bn Dubai Green Fund.