By 2050, Dubai is expected to have the smallest carbon footprint in the world for a city of its size. The emirate is in the process of transforming itself into the most environmentally friendly city in the world.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai launched the Dubai Clean Energy Strategy 2050, to transform Dubai into a global hub for clean energy and green economy by providing 7% of Dubai’s total power output from clean energy by 2020, 25% by 2030 and 75% by 2050.
Earlier in 2017, His Highness Sheikh Mohammed bin Rashid Al Maktoum, unveiled plans for the construction of the world’s largest concentrated solar power facility which is expected to inject 700MW into the Dubai’s grid. The plant is part of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, based on the Independent Power Producer (IPP) model, that is designed to produce no less than 5,000MW of clean energy by 2030.
HE Saeed Mohammed Al Tayer, DEWA’s Managing Director and CEO is the driving force behind the utility’s push towards sustainability and innovation which is incorporated in its vision. DEWA has also included strategic objectives within its strategy map with a focus on envisioning the future, innovation, and the happiness of stakeholders.
The plans stretch far beyond good intentions. The utility is already now moving towards clean energy and has successfully announced green and Sharia-compliant bonds to help fund the transformation.
The CFI.co judging panel notes that DEWA continuously monitors its environmental performance in order to meet corporate targets: largely thanks to Mr Tayer’s pursuit of operational and environmental excellence, on-time and on-spec have become bywords for the utility he leads. The judges are both pleased and honoured to offer DEWA’s MD and CEO Saeed Mohammed Al Tayer the 2017 Best Green Energy Champion Middle East Award.
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