• Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has launched the first operational phase of the Dh4 billion waste-to-energy power plant in Dubai. All Photos: Dubai Media Office
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has launched the first operational phase of the Dh4 billion waste-to-energy power plant in Dubai. All Photos: Dubai Media Office
  • The facility is located in Warsan and is the largest and most efficient in the world
    The facility is located in Warsan and is the largest and most efficient in the world
  • The renewable energy plant is capable of generating 220 megawatt-hours of renewable energy and can process two million tonnes of waste per year without harming the environment
    The renewable energy plant is capable of generating 220 megawatt-hours of renewable energy and can process two million tonnes of waste per year without harming the environment
  • The facility, in its first operational phase, is set for completion next year
    The facility, in its first operational phase, is set for completion next year

Sheikh Hamdan launches Dh4 billion renewable energy plant in Dubai


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Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has launched a Dh4 billion ($1.09 billion) renewable energy plant in Dubai.

Sheikh Hamdan on Tuesday said the project would be the world's largest and most efficient waste-to-energy centre in the world.

The plant in Warsan is capable of generating 220 megawatt hours of renewable energy which could power 135,000 homes.

It can also process 2 million tonnes of waste a year without harming the environment.

"We congratulate the exceptional teams involved in this unique project," Sheikh Hamdan wrote on Twitter.

"We are committed to deploying advanced technologies to build a brighter and more sustainable future."

Backed by Dh4 billion funding, the project will reinforce "Dubai's status as a global leader in sustainable infrastructure", Sheikh Hamdan added.

It is now in its first operational phase and the project is due for completion next year.

Investing in green power

Sheikh Hamdan's announcement comes a day after the UAE said it would be investing up to Dh200 billion in the renewable energy sector.

Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, said the latest Cabinet meeting resulted in the approval of an updated national energy strategy.

"Our goal will be to triple the contribution of renewable energy in the coming seven years and inject national investments ranging from Dh150 billion to Dh200 billion during the same period to meet the increasing demand for energy in the country due to the accelerated economic growth," Sheikh Mohammed wrote on Monday.

"We also approved our national strategy for hydrogen, which has recently emerged as one of the most important clean energy sources."

Sheikh Mohammed said the plan aims to establish the country as a producer of low-emission hydrogen. In addition, a specialised national research and development centre for the hydrogen sector will be established.

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Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

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Profile

Name: Carzaty

Founders: Marwan Chaar and Hassan Jaffar

Launched: 2017

Employees: 22

Based: Dubai and Muscat

Sector: Automobile retail

Funding to date: $5.5 million

Updated: July 05, 2023, 4:48 PM