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Dubai to Build Solar Energy Plant

Posted: Oct. 24th, 2012  |  By Michael Pearse
Solar plant in Japan

With a goal of 5 percent renewable energy helping run the city by 2030, Dubai is taking a good step in the right direction by hiring First Solar to engineer and build a new solar power plant. However, as the plant will only supply enough energy for about 500 homes annually, Dubai will likely have to move quickly to add more renewable energy sources to meet their goals considering the city is growing so quickly.

First Solar, Inc. ( FSLR ) has been chosen to build a 13 megawatt ("MWDC") solar photovoltaic ("PV") power plant in Seih Al Dahal by the Dubai Electricity & Water Authority (DEWA).  The company will not only provide advanced thin-film PV modules but will also offer engineering, procurement and construction services.

Located approximately 50 kilometers south of Dubai, the Arab Emirates Dirham's ("AED") 12 billion project is spread over an area of 48 square kilometers. On an average, the power plant has the capacity to generate more than 22 million kilowatt hours of electricity annually, which is sufficient to meet the average annual electricity requirement of more than 500 homes.

Read More on community.nasdaq.com

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