Renewable energy should account for 7% of Abu Dhabi’s power generation capacity by 2020, the emirate’s government pledged in 2009 at the opening of the World Future Energy Summit, which was held in Abu Dhabi City. Most of this will come from solar power plants, which can capitalise on the emirate’s year-round sunshine. Abu Dhabi is already home to Shams 1, one of the...
UAE: Abu Dhabi Energy
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Articles & Analysis | Long-term planning is increasingly focusing on renewable alternatives from The Report: Abu Dhabi 2015
Articles & Analysis | Investments in enhancing production offer opportunities for a wide range of companies from The Report: Abu Dhabi 2015
It would be hard to overstate the importance of the oil industry to Abu Dhabi. The discovery of black gold in 1954 has led to a transformation of the emirate’s economy. Oil and gas contribute more than half of Abu Dhabi’s GDP – 54.6% of the total in 2013, according to the “Statistical Yearbook of Abu Dhabi 2014”, published by the Statistics Centre - Abu Dhabi....
Abu Dhabi’s economic growth, rising population and expanding industrial sector have contributed to increasing power demand in the emirate. Demand is growing at a rate of 7.5% a year with authorities expecting this trajectory to continue over the next decade. The sector is run on an independent water and power producer model, which sees the government investing in an increasingly diversified...
The oil and gas sector accounts for 80% of the UAE government’s revenues and although current oil prices are a concern, the emirate’s focus on increasing production should ensure stable growth moving forward. While exploration is still a major activity, the emirate has increasingly focused on enhanced oil recovery (EOR) technology to recover heavier and harder to reach oil. The emirate has...
Hydrocarbons revenues still form the bulk of Abu Dhabi’s GDP and while falling prices are a concern, the emirate has been moving steadily towards its economic diversification targets in line with Abu Dhabi Economic Vision 2030. The past 10 years has seen the non-oil sector expand strongly on the back of business-friendly government policies, as a result of which non-oil sector growth now outpaces that of the oil sector.
Looking to reduce its imports and at the same time meet growing energy demands, Abu Dhabi is seeking to develop its sour gas reserves, both on and off-shore.