The Regulatory & Supervisory Bureau (RSB) for electricity and water in Dubai has revealed that Dubai’s cumulative investments in the energy efficiency market increased to $136m (AED500m) in 2017.
According to RSB’s 2017 annual report, investments in energy efficiency projects were AED250m in 2017, an increase of one-third compared to 2016. These projects are expected to achieve 21% savings in electricity, and 31% in water. Since 2014, energy service companies launched energy-efficiency projects worth AED200m in around 2,500 buildings as part of the building retrofit programme. This is done by implementing measures to increase efficiency in energy and water use.
RSB’s report highlighted the substantial progress achieved by projects under the Independent Power Producer (IPP) system. It mentioned awarding the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest Concentrated Solar Power (CSP) investment project in the world. It will feature the world’s tallest solar tower at 260 metres. It will also have the biggest thermal energy storage capacity for 15 hours. This makes it produce energy round the clock.
The report also highlighted the efforts of district cooling companies and their use of recycled water rather than desalinated water for their cooling needs, with 40% met from recycled water in 2017, with the support of Dubai Municipality.
Ali bin Abdullah Al Owais, chairman of the RSB, said: “There is now substantial tangible evidence of Dubai’s energy transformation. We are pleased with our contribution to increasing reliance on renewable energy sources in the energy production system and accelerating investments in energy efficiency projects.”