A leading Dubai executive Monday reaffirmed the emirate’s commitment to producing 75 percent of its energy from clean sources.
Under the Dubai Clean Energy Strategy, the emirate aims to increase the renewable energy mix in Dubai and increase production of clean and renewable energies to seven percent by 2020 and 25 percent by 2030.
The revelation was made during a discussion on the future of clean energy in the region at the fourth World Government Summit, led by Saed Mohammed al-Tayer, Managing Director & CEO of DEWA (Dubai Electricity and Water Authority), and Joe Kaeser, President and CEO of Siemens.
Towards reaching these targets, al-Tayer highlighted plans to implement a $1.91 bln (AED7 bln) five-year Smart Networks and Meters Project strategy, which aims to replace all mechanical and electromechanical water and electricity meters in Dubai with state-of-the-art smart meters benchmarked against the latest global technological specifications.
Commenting on future plans, al-Tayer said: “We will continue to adopt the best technologies and real time solutions to enhance operational efficiency and enhance the quality of services we offer to our customers.”
Siemens’ Kaeser applauded the UAE and the region’s efforts for their forward thinking strategies and their commitment to implementing smart solutions for the future. When asked about the decrease in oil prices and its impact on renewable energies, he said that oil price volatility did not affect the region’s commitment to clean energy sources.
“To continue the progress of the renewable energy sector, we must look at what we can do to reduce costs, improve efficiencies and present clean energies as a feasible business,” said Kaeser.
With a total investment of $13.61 bln (AED 50 billion), Sheikh Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar project in the world, will produce 1,000MW by 2020 and 5,000MW by 2030. Once complete, the solar park will reduce 6.5 million tonnes of carbon emissions annually.
The World Government Summit has attracted more than 3,000 personalities from over 125 countries, and 125 speakers in over 70 sessions.SHOW MORE