Dubai set to construct solar power plant for renewable energy target

28/09/2011 - Dubai Investment News Posted by Neil King
Dubai set to construct solar power plant for renewable energy target

Dubai is set to construct a new solar power plant as it looks to increase the percentage of energy it gets from renewable sources, property investors could be interested to hear. The emirate's Supreme Council of Energy said earlier this week that it hopes to cut carbon dioxide emissions by 30 per cent by 2030, while also reducing energy imports. To do this, it plans to use solar power from a new plant - set to be finished by 2017 - in addition to nuclear power it will import from Abu Dhabi. Saeed Mohammed al-Tayer, vice-chairman of the Supreme Council of Energy, said that plans are underway to help cut the emirate's carbon footprint. "In line with Dubai's energy strategy the plan is to have five per cent of renewables in the electricity supply mix. This is mainly going to be solar," he explained. "Soon we will have a very big (solar) project in Dubai we are trying to find a date to announce it. We have identified the place." It comes after Dubai was named as one of the top-value destinations for Brits by Post Office Travel Money yesterday (September 27th) because of the good exchange rate.