Abu Dhabi is the largest of the seven emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues.
The Dubai Electricity and Water Authority (DEWA) is striving to harness the potential of renewable energy. As part of these plans, the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park) was launched in 2012. Future developments at the plant will see solar energy generation capacity increasing to 1000 MW by 2020 and 5000 MW by 2050 –...
Although Dubai’s growth and prosperity have been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of the emirate’s GDP in 2016. Energy’s contribution to national GDP in recent years has averaged around 45% for the UAE as a whole, but only about 5% in Dubai. Still, Dubai operates as a centre for oil...
What roles are public-private partnerships expected to play in boosting Dubai’s green energy output?
Dubai Electricity and Water Authority (DEWA) announced in October 2018 that it was awarding Dh93m ($25.3m) worth of orders for 990 transformers. The transformers, sourced from a number of global manufacturers, will be equipped with smart meters and used to increase the capacity, efficiency and reliability of power distribution in Dubai. “The...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, most recently, the Paris Agreement. Investment in and development of renewable...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×