Emirate of Dubai unveiled plans to build solar energy park

The emirate of Dubai on Monday unveiled plans to build a 12 billion dirham solar energy park, with potential capacity of 1,000 megawatts as part of its efforts to reduce its energy reliance.

Sheikh Mohammed Bin Rashid Al Maktoum Solar Park will cover an area of 48 square km. The first solar plant of the park will have a capacity of 10 MW and is planned to commence operations by end-2013. It will cost around 120 million dirhams.

The members of the Supreme Council of Energy are financing the project.

For the financing of the rest of the project, the Supreme Council of Energy was studying several options like developing a clean energy fund. It was also going to encourage private partnership