Company Insights Dubai Electricity and Water Authority (Dewa) Energy Dubai Electricity and Water Authority (Dewa) News Renewable Energy Dewa advances fourth phase of $4.3bn Dubai solar park Dubai Electricity and Water Authority (Dewa) has commissioned the 200 MW second unit of the parabolic basin complex in the fourth phase of the AED15.78 billion ($4.3 billion) Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, managing director and chief executive of Dewa, said in a statement the solar park’s production capacity […] October 3, 2023 Renewable Energy Kuwait to resurrect renewable energy mega-project Kuwait is ramping up plans for its much delayed first utility-scale solar and wind powered project, as the Gulf state lags behind its neighbours in its renewable energy ambitions. Kuwait set a target in 2012 for renewable energy to comprise 15 percent of its total energy mix by 2030. Government data shows that renewables accounted […] October 2, 2023 Renewable Energy Next $1.5bn phase of Dubai’s solar park to be ready in 2024 Dubai Electricity and Water Authority and Masdar have signed an agreement to build and operate the 1,800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The next phase of the world’s largest single-site solar park will cost AED5.5 billion ($1.49 billion). “This phase will power over half a million residences while reducing […] September 7, 2023 Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023 Renewable Energy Dewa selects Masdar to build 6th phase of mega solar park Dubai Electricity and Water Authority (Dewa) has selected the Abu Dhabi Future Energy Company (Masdar) to build and operate the 1,800 MW sixth phase of Mohammed bin Rashid Al Maktoum Solar Park. It has an estimated cost of AED5.51 billion ($1.50 billion). The Dubai-listed utility achieved the lowest levelised cost of energy of $1.6215 cents […] August 14, 2023 Infrastructure Dewa profits fall 20% as financing costs surge Dubai Electricity and Water Authority (Dewa) reported net profits of AED1.93 billion ($525.46 million) in the second quarter of 2023, down 20 percent from AED2.41 billion a year earlier due to rising financing costs. Revenue rose 4 percent to AED7.29 billion, driven by increased demand for electricity, water and cooling services and higher income from […] August 11, 2023 Analysis Transport Electric car sales on the charge due to UAE policy The UAE is forecast to encounter a 32 percent increase in sales of passenger electric vehicles this year as the government launches a national policy to support the sector’s growth. Sales are expected to reach almost 22,000, up from an estimated 16,442 in 2022. Longer-term calculations suggest the total number of EVs will exceed 370,000 […] August 2, 2023 Energy Aramco dividends outstrip rival blue-chips Saudi Aramco’s payouts of dividends surpass those of other leading global companies, and the world’s top oil producer provides sizeable returns for its shareholders in monetary terms. Aramco listed on Riyadh’s bourse in December 2019 following a $29.4 billion initial public offering that sold around 1.7 percent of the government-owned company’s stock. Since then, it […] May 31, 2023 Infrastructure Dubai’s Dewa gets 2 bids for $410m Hassyan water project Utility provider Dubai Electricity and Water Authority (Dewa) received two bids for its 120 million gallons per day Hassyan independent water producer project. Bids were submitted from Saudi’s Acwa Power and UAE’s Abu Dhabi National Energy Company (Taqa). Acwa Power sent the lowest water levelised tariff of $0.389 per cubic metre for the base proposal […] May 26, 2023 Energy Revenues power up by 7.3% at Dewa Dubai Electricity and Water Authority (Dewa) has reported revenues of AED763 million ($207.78 million) for the first quarter of the year amid increased demand from customers across the board. The Dubai listed company’s first quarter consolidated revenue increase of 7.3 percent year-on-year to AED 5.44 billion was mainly driven by an increase in demand for […] May 8, 2023 Posts navigation Previous 1 2 3 4 … 6 Next
Renewable Energy Dewa advances fourth phase of $4.3bn Dubai solar park Dubai Electricity and Water Authority (Dewa) has commissioned the 200 MW second unit of the parabolic basin complex in the fourth phase of the AED15.78 billion ($4.3 billion) Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, managing director and chief executive of Dewa, said in a statement the solar park’s production capacity […] October 3, 2023
Renewable Energy Kuwait to resurrect renewable energy mega-project Kuwait is ramping up plans for its much delayed first utility-scale solar and wind powered project, as the Gulf state lags behind its neighbours in its renewable energy ambitions. Kuwait set a target in 2012 for renewable energy to comprise 15 percent of its total energy mix by 2030. Government data shows that renewables accounted […] October 2, 2023
Renewable Energy Next $1.5bn phase of Dubai’s solar park to be ready in 2024 Dubai Electricity and Water Authority and Masdar have signed an agreement to build and operate the 1,800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The next phase of the world’s largest single-site solar park will cost AED5.5 billion ($1.49 billion). “This phase will power over half a million residences while reducing […] September 7, 2023
Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023
Renewable Energy Dewa selects Masdar to build 6th phase of mega solar park Dubai Electricity and Water Authority (Dewa) has selected the Abu Dhabi Future Energy Company (Masdar) to build and operate the 1,800 MW sixth phase of Mohammed bin Rashid Al Maktoum Solar Park. It has an estimated cost of AED5.51 billion ($1.50 billion). The Dubai-listed utility achieved the lowest levelised cost of energy of $1.6215 cents […] August 14, 2023
Infrastructure Dewa profits fall 20% as financing costs surge Dubai Electricity and Water Authority (Dewa) reported net profits of AED1.93 billion ($525.46 million) in the second quarter of 2023, down 20 percent from AED2.41 billion a year earlier due to rising financing costs. Revenue rose 4 percent to AED7.29 billion, driven by increased demand for electricity, water and cooling services and higher income from […] August 11, 2023
Analysis Transport Electric car sales on the charge due to UAE policy The UAE is forecast to encounter a 32 percent increase in sales of passenger electric vehicles this year as the government launches a national policy to support the sector’s growth. Sales are expected to reach almost 22,000, up from an estimated 16,442 in 2022. Longer-term calculations suggest the total number of EVs will exceed 370,000 […] August 2, 2023
Energy Aramco dividends outstrip rival blue-chips Saudi Aramco’s payouts of dividends surpass those of other leading global companies, and the world’s top oil producer provides sizeable returns for its shareholders in monetary terms. Aramco listed on Riyadh’s bourse in December 2019 following a $29.4 billion initial public offering that sold around 1.7 percent of the government-owned company’s stock. Since then, it […] May 31, 2023
Infrastructure Dubai’s Dewa gets 2 bids for $410m Hassyan water project Utility provider Dubai Electricity and Water Authority (Dewa) received two bids for its 120 million gallons per day Hassyan independent water producer project. Bids were submitted from Saudi’s Acwa Power and UAE’s Abu Dhabi National Energy Company (Taqa). Acwa Power sent the lowest water levelised tariff of $0.389 per cubic metre for the base proposal […] May 26, 2023
Energy Revenues power up by 7.3% at Dewa Dubai Electricity and Water Authority (Dewa) has reported revenues of AED763 million ($207.78 million) for the first quarter of the year amid increased demand from customers across the board. The Dubai listed company’s first quarter consolidated revenue increase of 7.3 percent year-on-year to AED 5.44 billion was mainly driven by an increase in demand for […] May 8, 2023
