Solar energy costs lower than anywhere
The cost of producing power from solar energy sources in the UAE is among the lowest in the world, the head of the International Renewable Energy Agency (IRENA) has said. Adnan Amin, the agency’s DirectorGeneral, made the comments earlier this week at IRENA delivered its annual report. He said that when DEWA opened bids for the Mohammed bin Rashid Al Maktoum Solar Park earlier this month, one firm said it could produce a kilowatt-hour for $2.99, the lowest recorded figure. He said: “There has been a process of cost-reduction in solar that’s been happening across the world. “About a year and a half ago you had the first record price set in Dubai for $5.84 cents/kWh that bought power generation of solar below the cost of gas.” “Then the UAE set the record for the world’s cheapest solar at the beginning of the month, when developers bid as little as 2.99 cents a kilowatt-hour, which is substantially below the cost of our generation from gas,” Amin added. Generating cheap, clean energy is a priority for the UAE, which uses 25 per cent of its energy to desalinate water. Projects like the Mohammed bin Rashid Al Maktoum Solar Park, which will be ready in 2019, will generate 800 megawatt hours, roughly 10 per cent of the energy the UAE needs. “DEWA is building the Maktoum power plant out in the desert near Bab Al shams, and you won’t even know about it, your electricity will come from the meter the same as it always does and it will be a mix of solar and any other kind of electricity,” said Robin Mills, CEO of UAE-based energy consulting firm Qamar energy.