Dewa managing director and chief executive Saeed Al Tayer with executives at the Mohammed bin Rashid Al Maktoum Solar Park. Photo: Dewa
Dewa managing director and chief executive Saeed Al Tayer with executives at the Mohammed bin Rashid Al Maktoum Solar Park. Photo: Dewa
Dewa managing director and chief executive Saeed Al Tayer with executives at the Mohammed bin Rashid Al Maktoum Solar Park. Photo: Dewa
Dewa managing director and chief executive Saeed Al Tayer with executives at the Mohammed bin Rashid Al Maktoum Solar Park. Photo: Dewa

Work at Mohammed bin Rashid Al Maktoum Solar Park ‘progressing well'


Fareed Rahman
  • English
  • Arabic

Dubai Electricity and Water Authority chief executive Saeed Al Tayer inspected progress at the fourth and fifth phases of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, which is expected to have a total capacity of 5,000 megawatts by 2030.

The utility is working on the fifth phase of the project in partnership with a consortium led by Saudi Arabia’s Acwa Power and Gulf Investment Corporation, using the independent power producer (IPP) model.

In 2019, Dewa achieved a world record by receiving the lowest bid of $1.6953 cents per kilowatt hour for the fifth phase.

Work on the fifth phase, which has a total investment of about Dh2.06 billion ($561 million), “is progressing as planned”, Dewa said.

The second project is 93.3 per cent complete while the third is 23.06 per cent complete.

The first project, which began to operate last year, “has been recording higher-than-expected performance”, with production capacity rising to 330MW, from 300MW.

The site uses “the latest solar photovoltaic bifacial technologies, which allows solar radiation to reach the front and back of the panels, with single-axis tracking to increase generation”, Dewa said.

The utility plans to use fully automated robots to clean the solar panels, increasing their efficiency.

The fifth phase of the project will provide clean energy to more than 270,000 residences in Dubai and will result in a reduction of 1.18 million tonnes of carbon emissions annually. It will be commissioned in stages until 2023.

  • An aerial view of Mohammed bin Rashid Solar Park in Dubai in January 2022. Solar is essential to the UAE's new energy mix. All photos by Pawan Singh / The National
    An aerial view of Mohammed bin Rashid Solar Park in Dubai in January 2022. Solar is essential to the UAE's new energy mix. All photos by Pawan Singh / The National
  • The fifth phase of a clean energy project at the Mohammed bin Rashid Solar Park will further help reduce carbon emissions.
    The fifth phase of a clean energy project at the Mohammed bin Rashid Solar Park will further help reduce carbon emissions.
  • An aerial view of the Solar Park in the Dubai desert.
    An aerial view of the Solar Park in the Dubai desert.
  • Marco Garcia, chief commercial officer of Nextracker, a US company which has provided photovoltaic technology used in the project.
    Marco Garcia, chief commercial officer of Nextracker, a US company which has provided photovoltaic technology used in the project.
  • The Innovation Centre at the MBR Solar Park in Dubai, where machine learning is being utilised to track direct sunlight to maximise efficient energy capture, storage and transmission.
    The Innovation Centre at the MBR Solar Park in Dubai, where machine learning is being utilised to track direct sunlight to maximise efficient energy capture, storage and transmission.
  • The solar powered panels follow the path of the sun to help the emirate reach its clean energy transition goals.
    The solar powered panels follow the path of the sun to help the emirate reach its clean energy transition goals.
  • Omar Al Hassan, chief executive of Shuaa Energy 3, the company operating the scheme, says the vast project will ultimately create clean energy to power more than 250,000 houses in Dubai.
    Omar Al Hassan, chief executive of Shuaa Energy 3, the company operating the scheme, says the vast project will ultimately create clean energy to power more than 250,000 houses in Dubai.
  • Robotic cleaning systems are installed on the solar panels.
    Robotic cleaning systems are installed on the solar panels.
  • More than 2.5 million photovoltaic modules have been fitted during phase 5 of the project.
    More than 2.5 million photovoltaic modules have been fitted during phase 5 of the project.

Work is also progressing at the fourth phase of the solar park, with investments of up to Dh15.78bn.

The overall construction of the project, with a total capacity of 950MW, is 90 per cent complete, Dewa said.

A consortium led by Dewa and Acwa Power formed a project company, Noor Energy 1, to design, build and operate the fourth phase.

Dewa owns 51 per cent of the company while Acwa Power holds 25 per cent and the Chinese Silk Road Fund owns a 24 per cent stake.

The fourth phase will provide clean energy for about 320,000 residences and lead to a reduction of 1.6 million tonnes of carbon emissions every year.

Dubai aims to meet all of its power needs using clean energy sources by 2050.

Renewables' share in the emirate's energy mix has hit 11.5 per cent and is expected to reach 14 per cent by the end of 2022.

Dewa’s installed capacity currently stands at 14,117MW of electricity, the utility said.

The UAE plans to invest Dh600bn in clean energy projects as part of its Net Zero 2050 strategy. It is also building world’s largest solar plant in Abu Dhabi's Al Dhafra region, with a total capacity of two gigawatts.

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Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

Superpower%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESean%20Penn%2C%20Aaron%20Kaufman%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

The cost of Covid testing around the world

Egypt

Dh514 for citizens; Dh865 for tourists

Information can be found through VFS Global.

Jordan

Dh212

Centres include the Speciality Hospital, which now offers drive-through testing.

Cambodia

Dh478

Travel tests are managed by the Ministry of Health and National Institute of Public Health.

Zanzibar

AED 295

Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.

Abu Dhabi

Dh85

Abu Dhabi’s Seha has test centres throughout the UAE.

UK

From Dh400

Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.

Racecard:

6.30pm: Mazrat Al Ruwayah (PA) | Group 2 | US$55,000 (Dirt) | 1,600 metres

7.05pm: Meydan Sprint (TB) | Group 2 | $250,000 (Turf) | 1,000m

7.40pm: Firebreak Stakes | Group 3 | $200,000 (D) | 1,600m

8.15pm: Meydan Trophy | Conditions (TB) | $100,000 (T) | 1,900m

8.50pm: Balanchine | Group 2 (TB) | $250,000 (T) | 1,800m

9.25pm: Handicap (TB) | $135,000 (D) | 1,200m

10pm: Handicap (TB) | $175,000 (T) | 2,410m.

MATCH INFO

Burnley 1 (Brady 89')

Manchester City 4 (Jesus 24', 50', Rodri 68', Mahrez 87')

MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

Sweet%20Tooth
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The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

ON%20TRACK
%3Cp%3EThe%20Dubai%20Metaverse%20Assembly%20will%20host%20three%20main%20tracks%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEducate%3A%3C%2Fstrong%3E%20Consists%20of%20more%20than%2010%20in-depth%20sessions%20on%20the%20metaverse%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInspire%3A%3C%2Fstrong%3E%20Will%20showcase%20use%20cases%20of%20the%20metaverse%20in%20tourism%2C%20logistics%2C%20retail%2C%20education%20and%20health%20care%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EContribute%3A%3C%2Fstrong%3E%20Workshops%20for%20metaverse%20foresight%20and%20use-case%20reviews%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Company%20profile
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Updated: May 30, 2023, 7:50 AM