Sheikh Mohammed Launches $4.3 Billion Solar Energy Project in Dubai

Landmark Solar Project Launch

With a colossal investment of AED15.78 billion ($4.3 billion), the project employs the independent power producer (IPP) model, setting new records acknowledged by the Guinness Book of World Records.

The tallest solar tower

With an astounding 263.126 meters in height, the project has the world's tallest solar tower. Also, with a total capacity of 5,907 megawatt hours (MWh), it holds the record for the largest thermal energy storage capacity.

Hybrid Technologies Investment

Comprising a total capacity of 950 megawatts (MW), the fourth phase is a testament to Dubai's commitment to renewable energy, featuring three hybrid technologies:

1. 600 MW from a parabolic basin complex
2. 100 MW from the CSP tower
3. 250MW from photovoltaic solar panels

Vision for Sustainability

The UAE's vice president and prime minister, Sheikh Mohammed bin Rashid Al Maktoum, highlighted the country's unambiguous goal of becoming one of the most sustainable in the world. This enormous project is a major contribution to the global effort to combat climate change and is in line with the UAE's larger sustainability strategy.

Key objectives and achievements

Spread across 44 square kilometers, the Mohammed bin Rashid Al Maktoum Solar Park incorporates 70,000 sun-tracking heliostats. An essential component in turning solar radiation into thermal energy is the Molten Salt Receiver (MSR), which is located atop the solar power tower. An estimated 320,000 homes will receive clean, sustainable energy from the project, which will cut 1.6 million metric tons of carbon emissions a year.

Strategic Impact and Recognition

Due to Sheikh Mohammed bin Rashid Al Maktoum's visionary leadership, Dubai is now recognized as a major global center for the green economy. The project is noteworthy because it represents the United Arab Emirates's dedication to environmentally conscious and sustainable development, positioning Dubai as a leader in the clean energy transition.

International Collaboration and Recognition

Noor Energy 1 was co-founded by DEWA and ACWA Power to serve as the project company in charge of the fourth phase. DEWA is the largest shareholder with 51 percent, followed by ACWA Power with 25 percent and the Chinese Silk Road Fund with 24 percent.

Future Commitments and Global Impact

The launch of this innovative solar project at COP28 is further evidence of Dubai's commitment to a sustainable future. It provides a major boost to international clean and renewable energy initiatives by reflecting ongoing efforts to achieve the objectives of the Dubai Clean Energy Strategy 2050.

Praise for leadership and partnerships

The Dubai Electricity and Water Authority's (DEWA) MD and CEO, Saeed Mohammed Al Tayer, praised the vision of the leadership and the cooperative efforts of DEWA's partners, including ACWA Power. The project is a major accomplishment of their long-term collaboration and adds to the Mohammed bin Rashid Al Maktoum Solar Park's success.

A Landmark Achievement for Clean Energy

Dubai's inauguration of the world's largest concentrated solar power project not only sets new global records but also cements the city's status as a trailblazer in the transition to clean and renewable energy. This groundbreaking initiative aligns with the UAE's broader vision for a sustainable future and reinforces Dubai's role as a leading advocate for environmental stewardship.