Dubai to spend hundred million on solar panels
More than $100 million worth of solar panels will be installed throughout Dubai over the next seven years.
That’s how much the emirate needs to spend in order to meet renewable energy targets ahead of the World Expo in 2020. It is planned that at least half of the event’s operational power will be generated from renewable energy sources.
What’s more, Dubai officials have also made plans for one per cent of its national energy to be generated from solar power by 2020.
Local project development and advisory firm, Access has been drafted in to help complete this project. Vahid Fotuhi, who is head of strategic advisory at the company, believes that the emirate is well on track to hitting this target.
In an interview with thenational.ae, he said: “Achieving that will not be an issue and I think they will far exceed that. If there are innovations like energy storage, you’d reach [between 2 and 4] per cent easily.”
Roughly 200,000 solar panels will need to be installed in order to meet these targets. This should generate approximately 50 megawatts of electricity.
Businessweek.com reports that the 2020 World Expo will generate more than ten times the amount of solar power than the Shanghai event in 2010, if these targets are met.
Dubai was selected to host the 2020 World Expo last month.