The Dubai Electricity and Water Authority and German utility RWE Energy Group have signed an agreement to cooperate on the development of renewable energy.
Officials of the Dubai Electricity and Water Authority (DEWA) and RWE Energy signed a memorandum of understanding in Dubai. As per the terms of the agreement, the two companies will enhance cooperation on research and development in renewable energy technologies. The main aim of the partnership will be to reduce the cost and improve reliability of renewable energy systems. Research is expected in the fields of performance of solar panels, energy storage, and smart grids.
Dubai will soon host the world’s cheapest solar power project. The 200 MW phase of Mohammed bin Rashid Al Maktoum solar park which is being developed by a consortium led by ACWA Power has the world’s lowest tariff, and DEWA plans to invest billions of dollars into the expansion of the Mohammed bin Rashid Al Maktoum solar park. The authority has upgraded plans for the installed capacity of the solar park. From an initial target of 1 GW by 2019, DEWA now plans to have 3 GW installed capacity at the park by 2030.
The solar power park is central to DEWA’s target to source 7% of Dubai’s total power output from renewable energy sources by 2020 and 15% by 2030.
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