(MENAFN- Kuwait News Agency (KUNA)) DUBAI, Sept 16 (KUNA) -- Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammad bin Rashid Al-Maktoum inaugurated on Saturday the largest single-site Concentrated Solar Power (CSP) project in the world, which will be built at a total cost of AED14.2 billion (equivalent of USD 3.8 billion).
In a statement by Dubai government, the CSP project, which represents the fourth phase of the Mohammad bin Rashid Al-Maktoum Solar Park, will generate 700-MW of clean energy to support Dubai's electricity grid.
The project is considered an integral part of the emirate's Clean Energy Strategy 2050.
The statement noted that Sheikh Mohammed highlighted the UAE's model for sustaining a green economy based on environmental sustainability and clean energy.
The UAE has a clear strategy for implementing and further developing this model to maximize its benefits, in addition to investing in infrastructure, building capabilities and developing specialized local talent.
"We have made steady progress in realizing the goals of Dubai Clean Energy Strategy 2050 that was launched as part of our objective to transform Dubai into a global clean energy and green economy hub.
The carbon footprint of Dubai will be the lowest in the world by 2030," said Sheikh Mohammad.
"We are proud that by demonstrating their capabilities, our local talent have proved that they are ready to assume responsibility," he added. (end) smr.mb
MENAFN1609201700710000ID1095870369
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.