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Dubai Electricity and Water Authority (DEWA) has made significant strides in attracting investments for green energy projects, leveraging its Independent Power and Water Producer (IPWP) model. Over the past decade, this innovative approach has brought in a staggering AED 43.6 billion ($11.8 billion) in investments, positioning Dubai as a global leader in sustainable energy solutions.

Driving Dubai’s Green Economy Vision

The IPWP projects are integral to Dubai’s ambition of becoming a global hub for the green economy. This vision, championed by Sheikh Mohammed bin Rashid Al Maktoum, aligns with broader UAE sustainability goals and the Dubai Economic Agenda D33.

Record-Breaking Solar Energy Costs

DEWA’s model has achieved remarkable success in reducing solar energy costs:

• Lowest Levelised Cost Of Energy (LCOE) in solar projects worldwide
• Dubai now sets the benchmark for global solar energy prices

Key Projects and Investments

1. Mohammed bin Rashid Al Maktoum Solar Park
   • Planned capacity: Over 5,000MW by 2030
   • Total investment: AED 50 billion
   • Current phase: 1,800MW 6th phase (AED 5.5 billion)
2. Hassyan Power Complex
   • Capacity: 2,400MW
3. Hassyan Seawater Reverse Osmosis Desalination Project
   • Capacity: 180 million imperial gallons per day
   • Investment: AED 3.4 billion

Supporting Dubai’s Economic Growth

Saeed Mohammed Al Tayer, MD & CEO of DEWA, emphasized how these projects support Dubai’s economic agenda:

• Aim to double Dubai’s economy over 10 years
• Align with Dubai Clean Energy Strategy 2050
• Support Dubai Net Zero Carbon Emissions Strategy 2050

Attracting Foreign Direct Investment

Dubai’s commitment to clean energy has bolstered its position as an FDI magnet:

• 2023: Over AED 39.2 billion in FDI capital
• Created approximately 45,000 job opportunities

IPWP Model: A Catalyst for Public-Private Partnerships

Adopted by DEWA since 2014, the IPWP model:

• Encourages collaboration between government and private sectors
• Contributes to Dubai’s clean energy goals
• Supports net zero emissions strategies for 2050

DEWA’s success with the IPWP model demonstrates Dubai’s commitment to sustainable development and its ability to attract significant investments in green energy. As the emirate continues to push boundaries in renewable energy adoption, it solidifies its position as a global leader in the transition to a sustainable future.