Dubai confirms Saudi’s ACWA won 900 MW solar project tender with $0.016953/kWh bid
The Dubai Electricity and Water Authority said the solar generation capacity is expected to come online in the second quarter of 2021. The tender will constitute the fifth phase of the mammoth 5 GW Mohammed bin Rashid Al Maktoum Solar Park.
Global renewables investment fell in the first half of this year
While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.
Dubai claims to have reduced carbon emissions 19%
The extraordinary statement, made on Sunday by the emirate’s electricity and water authority, compares current per capita figures to a ‘business as usual’ scenario.
