Dubai’s Mega Solar Project to Drive Renewable Energy Investments and Cost Savings

As the largest CSP plant globally, Dubai’s new solar project will be transformative for tapping green finance flows and transitioning to renewable energy powered economic growth.

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With a $1.5 billion price tag, it demonstrates the considerable funds required for energy systems to decarbonize worldwide.

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Total capital projected to flow into Dubai’s renewable sector through 2030 is estimated at $50 billion.

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At commercial operation, the world-beating sizescale is expected to drive down wholesale power costs from solar below existing gas rates.

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Power purchase agreements will stimulate over 1GW of additional behind-the metre corporate rooftop solar by 2027.

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Reaching cost competitiveness without subsidies vastly accelerates the economics for standalone solar farms and accelerates buildout targets.

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