Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Dubai on track to exceed 7% clean energy target by 2020

byCT Report
08/04/2017
in International Customs
Share on FacebookShare on Twitter

DUBAI: The head of Dewa said that Dubai could easily surpass its 7 per cent clean-energy target by 2020, as one of the largest private rooftop projects in the emirate, from the power technology group ABB, was unveiled yesterday. Saeed Al Tayer, the managing director and chief executive of Dubai Electricity and Water Authority (Dewa), said that programmes such as the Shams Initiative were accelerating and pushing the emirate past its clean-energy targets. “It’s difficult to predict targets,” Mr Al Tayer said. “In the strategy, 7 per cent was based on only [Dewa] projects but we may have [up to] 1.5 per cent added because prices are coming down as well as efficiency and technology improvements.”Dubai announced two years ago that it would have 7 per cent of its energy mix coming from clean energy sources and 25 per cent by 2030. Last year it was expanded to 75 per cent by 2050. Solar panel prices have fallen by 80 per cent since 2009, according to the Abu Dhabi-based International Renewable Energy Agency. And average electricity costs could decrease by 59 per cent for solar photovoltaics (PV) by 2025 compared with 2015. This has helped to catapult Dubai’s Shams Initiative, which aims to have solar panels on every rooftop in the emirate. Since the initiative began in 2015, more than 300 buildings have started using solar for ­power generation. ABB joined the initiative yesterday, showcasing its solar installation at the company’s Al Quoz facility, representing one of the largest private solar rooftop installations in Dubai. More than 1,200 solar panels span the rooftop producing 315 kilowatts of power, enough for 50 homes.

The US$500,000 investment will result in a five-year payback, according to Frank Duggan, ABB’s regional president. He said that the company was attracting strong market interest from potential players. “We had 35 companies here today, some we’re doing business with, some who are observing and others who are looking to develop,” he said. Yet like many solar rooftop installers, ABB is focused on the commercial market rather than the residential space. “What’s been proven in Italy and Germany is that when it’s left to individual households, things won’t move quickly,” he said. Mr Duggan offered an alternative to get housing developers to join the market to quicken the pace, renting the rooftop space from residents. “Then they install [solar] and make a business out of it – that’s the real key to drive residential growth,” he said.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020
Tags: Dubai on track to exceed 7% clean energy target by 2020

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Bank of Ireland being left behind on new payment methods

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.