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Dubai’s Solar Park Closer to Reality

20/7/2015

The Dh30 billion Solar Park, one of the largest renewable energy projects in the region, has a planned capacity of 1,000MW by 2019.

The ambitious target set by Dubai to boost the share of renewable energy mix to seven per cent by 2020 is getting closer to reality with the state utility announcing the financial close for the second phase of the Mohammed Bin Rashid Al Maktoum Solar Park. The Dh30 billion Solar Park, one of the largest renewable energy projects in the region, has a planned capacity of 1,000MW by 2019, which can be increased up to 3,000MW by 2030. The project has been envisaged to meet the goal set by Dubai Integrated Energy Strategy 2030 to enhance solar energy share mix to seven per cent of Dubai’s total energy production by 2020 and 15 per cent by 2030. The Solar Park supports the Dubai Integrated Energy Strategy 2030 developed by the Dubai Supreme Council of Energy to diversify Dubai’s energy mix. Solar energy will eventually account for 15 percent of the total energy production by 2030.

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