Under the Arabian sun, a monumental construction effort is making headway. Located deep within Dubai’s desert interior, the Mohammed Bin Rashid Al Maktoum Solar Park — named after the emirate’s ruler and the UAE’s vice president and prime minister — continues to grow and has just passed another milestone.
In its eighth year of development, satellite images give a sense of scale already: miles of photovoltaics arranged along neat east-west lines, their uniformity at odds with the creases and crinkles of the sands surrounding the energy plant. Once finished, Dubai Energy and Water Authority (DEWA) told CNN the 50 billion-dirham ($13.6 billion) investment could power as many as 1.3 million homes, reducing carbon emissions by 6.5 million tonnes annually.
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, renewables, new energy and housing.