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THE MARKET FOR RENEWABLE ENERGY

Dubai

The newly announced Dubai Smart City Vision is supported by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. This will make Dubai the smartest city in the world.

DEWA, which is the government electricity company, is fully committed to support Dubai's vision. It supports diversifying the energy mix by the use of clean and renewable energy sources to build a sustainable future for the Emirate.

The initiative encourages building owners to install PV panels to generate electricity, and connect them to DEWA’s grid. The electricity is used on site and the surplus can also be exported to DEWA’s network. The electricity produced by the PV system reduces the amount of energy that a customer has drawn from the grid. If, at any point in time, more energy is produced than consumed, the excess is exported to the DEWA grid.

The monthly energy bill will only reflect the net amount of energy consumed. The consumers will then benefit from a Net Metering Option. If during a billing period more energy is exported than imported, the invoiced value of electricity will be zero. The surplus electricity will then be shown as a credit which can be brought forward in the following billing period.

Dubai is very focused on renewable energy and the government have announced this issue as an very important business area. Furthermore entire banking sector is heavily liquid and the Emirate is characterized with a very business friendly environment.

These issues makes the UAE market for solar power very interesting from an investor's perspective.

THE MARKET FOR RENEWABLE ENERGY

1. Dubai
2. Germany
3. Spain
4. Italy
5. Bulgaria
CONTACT
To learn more about becoming a green investor, please give us a call.

Phone: (+971) 4 564 0034

Mail: info@lighthouseenergy.eu

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Lighthouse Energy DMCC - Tiffany Tower 602 - Jumeirah Lakes Tower - Dubai, UAE - Tel. (+971) 4 564 0034 - Info@lighthousenergy.eu