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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

DEWA, Stanford University system to boost production forecast at Al Maktoum solar park

Mohammed bin Rashid Al Maktoum Solar Park (DEWA)
    • The new system reduces errors in the forecast of photovoltaic production to less than 10 percent

    • It uses AI, deep learning, high-density cameras on the main satellite and a network of met stations

    DUBAI: The Dubai Electricity and Water Authority (DEWA) in collaboration with Stanford University will be deploying an advanced system to forecast photovoltaic (PV) production in the short term at the Mohammed bin Rashid Al Maktoum Solar Park.

    The park is the largest single-site solar park in the world using the Independent Power Producer (IPP) model with a planned capacity of 5,000MW by 2030.

    The new system, using DEWA’s Space-D program, reduces errors in the forecast to less than 10 percent.

    In a statement, DEWA said the research is part of its efforts to the Dubai Clean Energy Strategy 2050 to provide 75 percent of Dubai’s total power capacity from clean energy sources by 2050.

    The system uses modern technologies such as artificial intelligence, deep learning, high-density cameras on the main satellite and a network of metrological stations to predict irradiance, dust and cloud movement, which can affect PV performance.