The $3.2 Billion Contract for World’s Largest Solar Power Plant

Abu Dhabi has awarded the construction contract for the $3.2 billion (AED11.74bn) independent solar power plant in Suweihan.

As the UAE focuses on harnessing renewable energy sources, the project is state utility provider Abu Dhabi Water and Electricity Authority’s (ADWEA) first entry into the sector. Abu Dhabi aims to generate 7 percent of its energy from renewable by 2020.

Some sources said that the company has also raised $872m (AED3.2bn), comprising $650m (AED2.38bn) in debt and remaining $222m (AED815mn) raised in equity, to fund the project.

Construction of the solar plant will commence immediately with scheduled completion in second quarter of 2019.

Why is solar power important? It is amazing how many toxic gases and harmful by-products are released into the environment every day. Although “climate change” is a term frequently thrown around today, it seems as if few people are changing anything to help the cause. However, solar power is one thing that is quickly catching people’s interest. Why is solar power important? What are some of the reasons why interest in solar power continues to grow, as an alternative form of energy?

Solar panels produce electricity by converting the sun’s energy into high temperature heat. How it does this is through various mirror configurations. From there, the heat is then channeled through a conventional generator.

There have been numerous studies about solar power. One research study suggests that covering just 1% of the world’s deserts with solar panel arrays could provide one fifth of the world’s electricity current electricity needs! When paired with greenhouses, solar power plants could even grow vegetables and crops by using seawater evaporators to provide humidity and ideal growing conditions.

The use of solar home heating and solar water heating can also have significant positive effects on the environment. Although many homeowners find the expense of installing solar panels too daunting, it should be noted that using solar power to even partially provide your energy needs will also result in savings on your electrical bill.

The great thing about solar power is that you can use it for a wide array of different objects. Just within your home it can be used for heating, lighting, cooking, and for the motors used with washers and dryers.

Around the yard, solar power can be used to heat pools, to accent decks and fences with post caps, with garden fountains and birdbaths, and with garden lights and Christmas lights. You can start with as small a project as you like… then, as interest grows and funds allow, continue to expand what you power using solar energy.

Solar power is also known as being “eco-friendly” since it doesn’t emit toxic gases into the environment. There are already far too many gases and by-products swirling around in the atmosphere today. The last thing we need to do is add to this.

The main concern over solar power is the initial investment of purchasing and installing the panels. Even when government subsidies are available, the cost isn’t feasible for many homeowners, thus the reason why solar power isn’t more widely used today… it’s not for lack of interest! Yet the cost savings on electrical bills and the positive effect on the environment make solar power an increasingly attractive alternative for homes and businesses alike.