So­lar en­ergy costs lower than any­where

7 Days in Dubai - - NEWS -

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.

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