Dubai, to Invest an about $100 Million Worth of Solar Panels for Expo Vision

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Dubai requires installing of US$100 million worth of solar panels to meet its refurbish Dubai, to Invest an about $100 Million Worth of Solar Panels for Expo Visionenergy vision for Expo 2020. Dubai’s Expo solar target means that it requires installing more than 10 times the capacity of Shanghai’s 4.7 megawatt solar array.
International competition to build that solar capacity will be powerful; roughly 150 companies vied for contracts at Dubai’s first solar park.
Achieving that will not be an issue, no matter what, they will far exceed to that. If there’s any innovations like storage it will reach between 2 and 4 percent easily.
According to current plans, part of the solar power at Expo 2020 will be produced by a facade of panel’s criss-crossing the site, which spans 350,000 square meters or 900 American football fields.
In the next five years, Arabian Gulf countries are projected to invest $73bn to increase capacity and improve power transmission, including via smart grids, according to a report released yesterday by the consultancy Frost & Sullivan.
Meanwhile, Dubai Electricity and Water Authority (Dewa), which is expected to issue a tender for a 100MW solar park in the first half of next year, said yesterday it had increased its annual budget for next year to Dh20.56 billion, up from Dh13.83bn for this year.