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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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.”