Business

Dubai is Building The World Largest Solar Energy Park

The 1.2 billion dirham ($327 million) solar plant in the Dubai desert, led by developer ACWA Power International of Saudi Arabia, was scheduled to be completed in April, said Saeed Mohammed Al Tayer, chief executive officer of the emirate’s utility. Al Tayer said Dubai Electricity and Water Authority will buy power from the plant for 5.6 cents per kilowatt-hour, which was the lowest cost globally for solar power at the time the project was awarded in January 2015. 

Dubai plans to have 5,000 megawatts of solar capacity at the park by 2030 as it seeks to reduce reliance on natural gas as the main source of energy for electricity. 

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