Company Insights Dubai Electricity and Water Authority (Dewa) Energy Dubai Electricity and Water Authority (Dewa) Overview Dewa – or Dubai Electricity and Water Authority – was formed in 1992 by the merger of the Dubai Electricity Company and the Dubai Water Department, which were both established in 1959 and had operated independently until that date. Dewa generates, transmits and distributes electricity for residential, commercial, industrial and governmental customers primarily in Dubai. It is involved in water desalination and provision, and district cooling through its Empower subsidiary. In April 2022 Dewa offered 18 percent of its shares for sale on the Dubai Financial Market, raising AED22.3 billion ($6.1 billion). This was the Gulf’s second-largest IPO at the time, behind only Saudi Aramco’s $29.4 billion offer and giving it a market cap of AED124 billion. More than 65,000 investors took part and around one third were international. One of Dewa’s biggest projects is the $4.3 billion Mohammed bin Rashid Al Maktoum Solar Park. The largest single-site solar park in the world, it has a planned capacity of 5 gigawatts by 2030. It forms part of Dewa’s plans to achieve net-zero status by 2050. To encourage the uptake of electric vehicles, Dewa has installed more than 400 EV charging stations across Dubai since 2015. Dubai Electricity and Water Authority (Dewa) News Utilities Foreign companies cash in as Gulf turns to smart power grids Saudi Arabia and the UAE are among the Gulf states investing billions to make their electricity grids “smart” using artificial intelligence – and increase their share of generation from solar and wind power. That share is expected to almost double in the Middle East and North Africa over the next five years. It will rise […] April 22, 2025 Opinion Renewable Energy China’s solar giants take root in the GCC The regions share aspirations over energy security and economic diversification April 2, 2025 Renewable Energy Dewa seeks developers for new phase of solar project Dubai Electricity and Water Authority (Dewa), which trades on the Dubai stock exchange, is seeking global companies to develop the 1,600 megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, according to the national news agency Wam. The phase, which is expandable to 2,000 MW, sufficient to power about 1.6 million homes, […] March 7, 2025 Energy Dewa’s 2024 revenue hits $8bn on rising demand Dubai Electricity and Water Authority (Dewa), which trades on the Dubai Financial Market, said revenue hit an all-time high of AED31 billion ($8 billion), rising 6 percent annually, thanks to growing demand for electricity, water and cooling. As a result, net profit jumped 6 percent year on year to AED16 billion. Clean power accounted for […] February 11, 2025 Transport Private sector vital to meet Gulf EV charging station demand Demand for charging stations for electric vehicles in the UAE, Saudi Arabia and other Gulf states is expected to surge this year and beyond as regional governments set ambitious greenhouse gas emission targets and sales of EVs pick up. Saudi Arabia, for instance, has fewer than 300 charging stations, but is committed to building 5,000 […] February 10, 2025 Renewable Energy Al Maktoum Solar Park expands for Dubai’s 2050 energy goals Dubai is working on the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park – the largest single-site solar park in the world – as it works toward its 2050 energy diversity target. The emirate launched the Dubai Clean Energy Strategy in November 2015, with the aim of producing 75 percent of its […] February 6, 2025 Construction Dewa rolls out $1.9bn smart grid to boost efficiency Dubai Electricity and Water Authority (Dewa) is implementing a smart grid that will cost AED7 billion ($1.91 billion) up to 2035, focusing on efficient and reliable operations. It says the smart grid will ensure integrated services, offering advanced features such as automated decision-making and interoperability across the electricity and water network. “The smart grid will […] December 24, 2024 Transport UAE motorists fuelling demand for second-hand EVs Demand for second-hand electric vehicles in the UAE may be in its infancy but it is accelerating fast as more people turn to the environmentally friendly option. Electric vehicles (EVs) now account for around 1 percent of the UAE’s used car market and a little over 1 percent of all cars in the country, according […] March 26, 2024 Opinion Transport If EVs can make it here, they can make it anywhere The battery powered car is on the up, even in the oil-soaked Gulf March 25, 2024 Renewable Energy Dewa and Masdar secure funding for sixth phase of solar park Dubai Electricity and Water Authority (Dewa) and Abu Dhabi’s renewable energy major Masdar have achieved the financial closing of the 1,800-megawatt (MW) sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The funding has been jointly provided by Abu Dhabi Commercial Bank, Commercial Bank of Dubai, First Abu Dhabi Bank, HSBC, Standard Chartered […] February 22, 2024 Posts navigation 1 2 … 6 Next
Utilities Foreign companies cash in as Gulf turns to smart power grids Saudi Arabia and the UAE are among the Gulf states investing billions to make their electricity grids “smart” using artificial intelligence – and increase their share of generation from solar and wind power. That share is expected to almost double in the Middle East and North Africa over the next five years. It will rise […] April 22, 2025
Opinion Renewable Energy China’s solar giants take root in the GCC The regions share aspirations over energy security and economic diversification April 2, 2025
Renewable Energy Dewa seeks developers for new phase of solar project Dubai Electricity and Water Authority (Dewa), which trades on the Dubai stock exchange, is seeking global companies to develop the 1,600 megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, according to the national news agency Wam. The phase, which is expandable to 2,000 MW, sufficient to power about 1.6 million homes, […] March 7, 2025
Energy Dewa’s 2024 revenue hits $8bn on rising demand Dubai Electricity and Water Authority (Dewa), which trades on the Dubai Financial Market, said revenue hit an all-time high of AED31 billion ($8 billion), rising 6 percent annually, thanks to growing demand for electricity, water and cooling. As a result, net profit jumped 6 percent year on year to AED16 billion. Clean power accounted for […] February 11, 2025
Transport Private sector vital to meet Gulf EV charging station demand Demand for charging stations for electric vehicles in the UAE, Saudi Arabia and other Gulf states is expected to surge this year and beyond as regional governments set ambitious greenhouse gas emission targets and sales of EVs pick up. Saudi Arabia, for instance, has fewer than 300 charging stations, but is committed to building 5,000 […] February 10, 2025
Renewable Energy Al Maktoum Solar Park expands for Dubai’s 2050 energy goals Dubai is working on the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park – the largest single-site solar park in the world – as it works toward its 2050 energy diversity target. The emirate launched the Dubai Clean Energy Strategy in November 2015, with the aim of producing 75 percent of its […] February 6, 2025
Construction Dewa rolls out $1.9bn smart grid to boost efficiency Dubai Electricity and Water Authority (Dewa) is implementing a smart grid that will cost AED7 billion ($1.91 billion) up to 2035, focusing on efficient and reliable operations. It says the smart grid will ensure integrated services, offering advanced features such as automated decision-making and interoperability across the electricity and water network. “The smart grid will […] December 24, 2024
Transport UAE motorists fuelling demand for second-hand EVs Demand for second-hand electric vehicles in the UAE may be in its infancy but it is accelerating fast as more people turn to the environmentally friendly option. Electric vehicles (EVs) now account for around 1 percent of the UAE’s used car market and a little over 1 percent of all cars in the country, according […] March 26, 2024
Opinion Transport If EVs can make it here, they can make it anywhere The battery powered car is on the up, even in the oil-soaked Gulf March 25, 2024
Renewable Energy Dewa and Masdar secure funding for sixth phase of solar park Dubai Electricity and Water Authority (Dewa) and Abu Dhabi’s renewable energy major Masdar have achieved the financial closing of the 1,800-megawatt (MW) sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The funding has been jointly provided by Abu Dhabi Commercial Bank, Commercial Bank of Dubai, First Abu Dhabi Bank, HSBC, Standard Chartered […] February 22, 2024
