Dubai invests $3.9 billion to build the world’s largest solar power project

In a bid to increase its share of clean energy, Dubai is all geared to build its largest Concentrated Solar Project (CSP) that would run a 700 megawatt (MW) solar power station and feature the world’s tallest tower measuring 260 metre to receive focussed sunlight. CSP technology uses mirrors or lenses to focus the sun’s light energy into heat to create steam that can run a turbine to generate electricity. A consortium consisting of Shanghai Electric and Saudi Arabia’s ACWA Power have been awarded a $3.9 billion contract by Dubai Electricity and Water Authority. The consortium proposed to supply electricity to the country at 7.3 U.S. cents per kilowatt hour.

The project is expected to be completed by late 2020, just in time for World Expo to be held in Dubai. It is part of the Dubai Clean Energy Strategy 2050 and would be located at the Mohammed bin Rashid al-Maktoum Solar Park – the single site renewable energy project which is expected to generate 1,000MW by 2020 and 5000MW by 2030. The government targets to strategically increase its share of clean energy to 7 percent by 2020, 25 percent by 2010 and 75 percent by 2050.

News Sources- Economic Times, Reuters

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