Search Site

Trends banner

DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

Dewa, Stanford to build PV system at Al Maktoum Solar Park

Employees walk past solar panels at the Mohammed bin Rashid Al-Maktoum Solar Park on March 20, 2017, in Dubai.
    • Dewa will reportedly use its Space-D program to build this system at the park that has a planned capacity of 5,000MW by 2030

    • The new system is expected to reduce errors in the forecast to less than 10%

    Dubai Electricity and Water Authority and Stanford University will collaborate to develop an advanced system to forecast photovoltaic or PV production at the Mohammed bin Rashid Al Maktoum Solar Park, said local reports on Friday, July 23.

    Dewa will reportedly use its Space-D program to build this system at the park that has a planned capacity of 5,000MW by 2030.

    The new system is expected to reduce errors in the forecast to less than 10%, the reports quoted Dewa as saying in a statement.

    This will support the utility’s efforts to achieve the Dubai Clean Energy Strategy 2050 to provide 75% of Dubai’s total power capacity from clean energy sources by 2050, said the reports.

    The system will apparently use 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.

    Dewa MD and CEO Saeed Mohammed Al Tayer was quoted by the reports as saying: “We are collaborating with Stanford University at Dewa’s R&D Centre through our membership in the Energy 3.0 program from the university.”