Dubai’s government-owned utility increased the amount of solar energy it plans to produce in 15 years to take advantage of lower building costs.
The goal is 15 percent of power capacity by 2030, Saeed Mohammed Al Tayer, chief executive officer of Dubai Electricity & Water Authority, said in an interview in Abu Dhabi today. The previous target was 5 percent. A solar panel in California costs about $5.55 per watt compared with more than $10 a watt in 2007, according to the California-Solar.org website.
