Dubai : Dubai announced the launch of the world’s largest single-site Concentrated Solar Power (CSP) project using an Independent Power Producer (IPP) model, with a capacity of 700 megawatts at a cost of $3.8 billion. Sheikh Mohammad bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, launched the project on Saturday.

The Government of Dubai Media Office said in a statement that the project comes as part of implementing the fourth stage of the Mohammad bin Rashid Al Maktoum Solar Park and to support the end goals of Dubai Clean Energy Strategy 2050.

“The UAE has succeeded in building a global green economy model based on the environmental sustainability and clean energy and supported by clear plans. These plans will contribute to strengthening the foundations of such model and developing it according to the world’s finest standards so as to make the most of this field and invest in enhancing infrastructure, building capabilities and training competent national competencies,” said Sheikh Mohammad.

“Implementing the world’s largest Concentrated Solar Power project reaffirms the UAE’s leadership in renewable clean energy all over the world and enhances our status at the forefront of the most advanced countries in this field,” he added.

Sheikh Mohammad bin Rashid stressed that the UAE is steadily moving towards achieving Dubai Clean Energy Strategy 2050 goals, which have been launched to turn Dubai into a global hub for clean energy and green economy and become the lowest carbon footprint in the world by 2050.

—AB/IINA