Dubai Investments, the leading, diversified investments company listed on the Dubai Financial Market, has announced that coloured solar panels supplied through its joint venture, Emirates Insolaire, will soon be installed on buildings across Dubai, as the emirate reinforces its commitment to a sustainable future. This will be the first time that coloured solar panels will dress buildings in Dubai.

Rafic Hanbali, Managing Partner of Emirates Insolaire, said, "Emirates Insolaire is set to play a pivotal role in the regional solar sector growth, as it is the only company in the world which offers the coloured solar panel technology. Soon, skyscrapers and buildings in Dubai will have a beautiful coloured fascia, which is both aesthetically appealing and sustainable."

He added, "The KromatixTM solar glass is expected to become a rage, with the year-long sunshine guaranteed in this part of the world. The technology has received phenomenal response in Europe, where sunshine is comparatively lower, with many building facades and roofs now with Emirates Insolaire solar panels. The coloured panels promote the use of renewable energy sources that aims to make Dubai a global centre of clean energy and the green economy."

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

The growth of solar in the UAE mirrors the surging demand for solar panel technology across the region and globe. According to analysis by Frost and Sullivan, the Gulf Cooperation Council countries are expected to increase their installed solar capacity 50-fold between 2015 and 2025.

Emirates Insolaire has completed installation of KromatixTM solar PV modules in several locations around the world, including Switzerland, Austria, Denmark and Germany.