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Energy and cleantech

Harnessing solar efficiency 

Dubai is home to the largest single-site solar park in the world, the Mohammed Bin Rashid (MBR) Solar Park,The park’s fifth phase was inaugurated in June 2023 and has a total capacity of 900MW, which will provide clean energy to 270,000 Dubai residences and reduce carbon emissions by 1.18 million tonnes. With a planned capacity of 5,000MW by 2030 and a total investment of US$13.6 billion, MBR Solar park is set to reduce 6.5 million tonnes of carbon emissions annually by 2030 .

DEWA's (Dubai Electricity and Water Authority) Hatta hydroelectric power plant is another great example. It is the first of its kind in the GCC. With a storage capacity of over 1500 MW, it uses water stored in the Hatta Dam to generate solar energy.

Green hydrogen for a clean future 

Dubai is spearheading the development of novel technologies for green hydrogen production using clean and renewable energy. Green hydrogen production is projected to increase by 57% annually, reaching 5.7 million tonnes in 2030. The UAE is actively seeking global competition in the low carbon hydrogen sector, aiming to acquire 25% of the market, which is estimated to hit US$400 billion (AED1.47 trillion).

US$27.23 billion

Green Fund to provide easy, low-interest loans to clean-energy investors.

US$13.6 billion

invested into the world’s largest single-site solar park, the Mohammed Bin Rashid (MBR) Solar Park.

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