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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 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.