There can be little doubt that the UAE currently represents the epicentre of the Middle East solar industry.
The last 18 months have seen two key announcements catalyse the fledgling solar power industry and could well propel it into being a pillar of a future green economy.
First came DEWA’s record-breaking deal for the 200 megawatts (260MWp) phase II Mohammed bin Rashid Solar Park solar plant, signed with a consortium led by Saudi-based ACWA Power, securing the authority a global record low 5.84 cents/kWh for a 25-year power purchase agreement (PPA) starting in 2017.
Next the authority announced its Shams Dubai initiative, finally allowing private sector actors to generate their own power through rooftop solar, while also connecting to the Dubai grid through a net metering scheme.
A new report by MESIA, commissioned by Intersolar Middle East analyses the factors giving the solar power industry an undeniable boost. Intersolar Middle East Exhibition and Conference will be held in Dubai from September 19-21, 2016.
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