Despite global market volatility and rising fuel prices, Dubai is committed to keeping electricity tariffs stable for its residents. Saeed Mohammed Al Tayer, the CEO of the Dubai Electricity and Water Authority (Dewa), confirmed this stance during the World Green Economy Summit, emphasizing that the emirate’s strategic investment in solar power and energy storage is bolstering system efficiency. A key driver of this stability is the aggressive expansion of the Mohammed bin Rashid Al Maktoum Solar Park, which has significantly increased its capacity targets to 8,000 MW by 2030.

This shift toward sustainability is yielding measurable results, with Dewa reporting a substantial jump in clean power generation over the past year. By integrating more renewable sources into the energy mix, Dubai aims to hit a target of 36% clean energy by 2030, a move expected to reduce carbon emissions by over eight million tonnes annually. Looking ahead, Dewa plans to announce further major investments in solar infrastructure and storage technologies this November, reinforcing the city's long-term vision of achieving full reliance on clean energy sources by 2050 while shielding consumers from the price fluctuations associated with traditional fossil fuels.