Dubai Investments showcases innovative, coloured solar photovoltaic panels from Emirates Insolaire at WETEX

Dubai, UAE, October 4, 2016:  Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, is showcasing the first-of-its-kind in the world energy-efficient coloured solar panels by its joint venture Emirates Insolaire at Dubai Solar Show, part of 18th Water, Energy, Technology and Environment Exhibition [WETEX] 2016 in Dubai.

The first-of-its-kind coloured solar panels by Emirates Insolaire not only cuts down on greenhouse gas emissions but considerably reduces the utility bills. Each photovoltaic module of Emirates Insolaire offers unmatched efficiency, as it is capable of generating 170 to 190 watts per square metre for roof or 110 to 130 watts per square metre for facades.

The solar panels are in line with the Dubai government’s initiative to use solar power as a renewable source of energy, and integral to the Dubai Clean Energy Strategy 2050. The strategy aims to provide 7% of Dubai’s energy from clean energy sources by 2020, 25% by 2030 and 75% by 2050.

Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, said: “Dubai Investments is committed to the cause of sustainability, and as part of this, the company has launched a number of energy-efficient technologies and products over the years. The coloured solar panels from Emirates Insolaire promote the use of renewable energy sources that aims to make Dubai a global centre of clean energy and green economy.”

Rafic Hanbali, Managing Partner of Emirates Insolaire, will also be a speaker at the Dubai Solar Show Seminars, as part of a panel discussion on ‘Market Trends, Innovation and Business Models for Solar Photovoltaics’ on October 6 at 10:30am.

Emirates Insolaire is making significant inroads in Europe and across the Gulf as demand for energy-efficient solar technology surges. The company is expecting sales of 50,000 square metres of coloured Kromatix solar glass during the year. Global installations of photovoltaic modules are forecast to surge by 43% in 2016 to hit a record level of 73 GW.

Emirates Insolaire has completed the installation of Kromatix Solar PV modules in Lausanne, Basel, Leysin, Austria and is currently installing 12,000 solar glass panels covering 6,600 square metres at Copenhagen International School Nordhavn in Denmark to create one of the largest photovoltaic buildings-of-its-kind in the world.