Dubai will add 600 megawatts (MW) of clean energy capacity to its overall power mix in 2021.
This will be done using photovoltaic solar panels and Concentrated Solar Power (CSP).
The move will increase Dubai Electricity and Water Authority's (DEWA) total power capacity from clean energy to 1,613 MW.
DEWA will commission the first stage of the 300MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in July.
It will also commission the world's tallest CSP tower (262.44 metres) with a capacity of 100MW in September, and 200MW from the parabolic trough as part of the fourth phase of the solar park by the end of 2021.
Clean capacity in Dubai's energy mix will reach around 10 per cent in July and 12 per cent by the end of the year.
"The Mohammed bin Rashid Al Maktoum Solar Park is one of DEWA’s key projects to achieve this vision and increase the share of clean and renewable energy capacity in Dubai’s energy mix," said Saeed Mohammed Al Tayer, MD & CEO of DEWA.
"This supports the Dubai Clean Energy Strategy 2050, which aims to provide 75 per cent of Dubai’s total power capacity from clean energy sources by 2050," added Al Tayer.
Abu Dhabi’s Department of Municipalities and Transport has issued a package of administrative decisions to strengthen transparency, governance and investor protection across the real estate sector.
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Executive Chairman of XRG, has received the 2026 Distinguished Global Leadership Award from the Washington D.C.-based Middle East Institute (MEI).
Dubai has achieved its highest ever ranking in the Global Financial Centres Index (GFCI), climbing to seventh place, underscoring the emirate’s rise as one of the world's most influential financial hubs and its importance in the global financial system.
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!