Connect with us

News

Dubai Launches World’s Largest Solar-Powered Data Center

The 16,000 square meter facility is located at the Mohammed bin Rashid Al Maktoum Solar Park and has a 100+ megawatt capacity.

Published

on

dubai launches world's largest solar-powered data center
Dubai Media Office

It’s no secret that cloud-based services require massive data centers and lots of electricity to function. As the world edges towards a zero-carbon, sustainable future, those data centers will need to transition to fully renewable energy sources.

As an ideal location for large-scale solar generation, the UAE has taken decisive action, with Dubai Electricity and Water Authority (DEWA) inaugurating a new green data center — Moro Hub — through the digital arm, Digital DEWA.

The new facility is located at the massive Mohammed bin Rashid Al Maktoum Solar Park, recognized as the largest single-site solar park in the world. The new data center will also make the record books as the largest solar-powered facility of its type.

“The new data center reflects our commitment to support the development of a sustainable economy and our efforts to transform Dubai into a global green economy hub. Moro Hub has always been a front-runner in promoting digital transformation and sustainability as well as enhancing its integrated solutions to help organizations and companies reach net-zero carbon emissions,” says Saeed Al Tayer, managing director, and chief executive of DEWA.

Also Read: Aramex Completes Testing Dubai Drone & Bot Delivery Service

Arranged over 16,000 square meters and using over 100 megawatts of power, the data center will provide cloud and hosting services, cybersecurity, smart city technology, and more. Dell, Microsoft, and Huawei are among the global leaders providing the technology for the zero-carbon Moro Hub.

“The project is a bright sign in Dubai’s journey towards a sustainable future that takes into account environmental needs,” explained Hamad Al Mansoori, director general of Digital Dubai.

Advertisement

📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!

JOIN 17K+ SUBSCRIBERS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

Published

on

binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

Continue Reading

#Trending