DEWA to Invest $ 22 Billion to Energy

Dubai Electricity and Water Authority (DEWA) CEO, Al Tayer, announced that DEWA will be investing 81 billion Dirham ($ 22 billion) in energy projects over the next 5 years. Al Tayer emphasized that their ultimate target is pushing renewable energy’s share in electricity generation to 75% by 2050. DEWA’s other projects, which are currently under construction, include a hydroelectric pumped storage plant, a first in the region, and the world’s biggest solar energy park. – Bloomberg

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