News
Tesla Batteries Store Sun’s Power At World’s Biggest Solar Farm In Dubai
The Solar Park currently generates around 1 MW of electricity, but DEWA aims to expand it to 5 GW by the end of this decade.
While there’s no shortage of hot sunny days in the MENA region and the United Arab Emirates in particular, it’s not enough to harness the sun’s energy using solar panels. The generated energy has to be stored somewhere so that it can be utilized when needed, instead of only when the sun is shining. That’s why the Dubai Electricity and Water Authority (DEWA) and Tesla have joined forces to install a Tesla battery energy storage system (BESS) at the Mohammed bin Rashid Al Maktoum Solar Park, one of the world’s largest renewable projects in the world.
“The energy storage project using Tesla’s lithium-ion battery solution at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, aims to diversify the energy mix and enhance energy storage technologies,” said DEWA managing director and CEO Saeed Mohammed Al Tayer.
Another goal of the pilot project is to evaluate the technical and economic capabilities of the technology and to test its role in the integration between clean energy and energy storage to achieve maximum efficiency and reliability.
Currently, the Mohammed bin Rashid Al Maktoum Solar Park can generate around 1 MW of electricity, but DEWA aims to expand it to 5 GW by the end of this decade. To put the number into perspective, a typical nuclear reactor produces approximately 1 GW of electricity.
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DEWA is also working on other renewable projects, testing a sodium sulphur (NaS) energy solution and developing a 250 MW pumped-storage hydroelectric power station.
Together, these renewable projects aim to realize the Dubai Clean Energy Strategy 2050, whose goal is to produce more than 75 percent of Dubai’s energy requirements from clean, renewable sources to significantly reduce the city’s carbon footprint in the world.
News
Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE
Central Bank approval moves the dirham-backed token into deployment, targeting regulated payments and settlement flows.
The UAE has cleared the launch of DDSC, a dirham-backed stablecoin now entering live operation after approval from the Central Bank. The move pushes the project beyond its pilot phase and into the country’s regulated financial system.
The token is backed by a consortium led by IHC, Sirius International Holding and First Abu Dhabi Bank (FAB), framing it as an institutional instrument rather than a consumer crypto product. DDSC was first announced in April 2025, but regulatory clearance now allows deployment and integration across approved channels.
DDSC runs on ADI Chain, a Layer 2 blockchain built by the Abu Dhabi-based ADI Foundation. The infrastructure is designed for governance and performance requirements expected by large institutions, linking blockchain settlement with existing compliance and oversight frameworks.
The focus is practical, targeting treasury settlements, high-value payments, trade and supply-chain transactions, and programmable financial flows for regulated entities. FAB plans to offer access to the token through approved platforms for its clients, keeping the rollout inside controlled banking environments.
“DDSC marks a defining milestone in the UAE’s digital finance journey,” said Syed Basar Shueb, CEO of IHC. “With the Central Bank’s approval and our transition into live operation, we are delivering trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments”.
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FAB says the project reflects how stablecoins can sit within traditional finance when risk controls are built in from the outset. “This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements,” said Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at FAB.
The launch reinforces the UAE’s strategy of pushing digital finance through regulation instead of open-ended crypto experimentation. Stablecoins in this model are positioned less as trading assets and more as programmable extensions of national currency, aimed at institutional scale and government use cases.
Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE
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