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FINANCIAL NEWS
Solar energy in UAE expected to hit low records in 2017
21 Jan 2017
(MENAFN) An Emirati senior executive told press that solar energy costs will witness record lows this year in UAE, following two world records set in Dubai and Abu Dhabi last year.
Ivano Iannelli, CEO of Dubai Carbon Centre of Excellence (Dubai Carbon), said in an interview: “Solar PV (photovoltaic) cost will further go down below 2 cents per kWh (kilowatt-hour) this year [beyond 2.42 cents/kWh record set in Abu Dhabi last year].”
Moreover, Dubai Carbon is trying to ease the transition to a low-carbon and green economy through the consolidation of knowledge.
In previous May, Dubai Electricity and Water Authority revealed a bid of 2.99 cents per kilowatt-hour from developers seeking to be part of the third phase of the Mohammad Bin Rashid Al Maktoum Solar Park. The project at Sweihan will generate 350MW of electricity that will be supplied to the grid.
M
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