The Middle East region is witnessing a significant shift towards renewable energy, with several countries investing heavily in solar energy as part of their energy transition strategies.

The region has enormous potential for solar and wind power, with 73 gigawatts of solar and wind projects planned, and Arab countries aiming to double renewable energy capacity by 2030.

Egypt, for instance, targets 50% renewable energy by 2040 with a capacity of 142,000 MW, and expects 15,800 MW of renewable energy to be integrated into the national grid by 2025.

The United Arab Emirates (UAE) is also making significant strides in solar energy, with Dubai aiming to provide 100% of its energy production from clean sources by 2050.

The Mohammed Bin Rashid Al Maktoum Solar Park in Dubai is the world's largest single-site solar energy project, with a capacity of 1,527 MW.

Saudi Arabia is also investing in solar energy, with a joint project between BADIL and ACWA Power to build a 2060 megawatt solar power plant in the Shuaiba, Makkah region.

The project development timelines for solar energy projects in the Middle East vary, with some projects already completed, such as the Oman Ibri Solar PV Project, which was completed in January 2022.

The major challenges faced by solar energy projects in the Middle East include dust storms, which reduce power generation efficiency, and high temperatures, which pose a challenge to labor productivity.

Despite these challenges, the region is making significant progress in increasing its solar power capacity, with the UAE's Al Dhafra solar farm being the world's largest single-point solar farm, powering nearly 200,000 homes.

Qatar is also investing in solar energy, with the IC Solar project expected to start production by the end of 2024, increasing Qatar's renewable capacity to 1.675 GW.

The growth of the solar energy sector in the Middle East is expected to have a positive impact on the local economy, with the creation of new jobs and increased investment in the sector.

The transition to renewable energy is also expected to help the region achieve its climate goals, with a reduction in carbon emissions and greenhouse gas footprints.

Overall, the Middle East is making significant strides in its energy transition, with a focus on increasing solar power capacity and reducing dependence on fossil fuels.

The region's efforts to transition to solar energy are expected to have a significant impact on the local economy and climate goals, with several countries aiming to reduce their carbon footprint.

Saudi Arabia's Public Investment Fund (PIF) is one of the largest sovereign renewable wealth funds, and the country aims to be carbon neutral by 2060.

The UAE is set to host Cop28 next year and has allocated $36 billion to foreign renewable energy projects in 2022.

Masdar, a UAE-based company, has invested over $30 billion in global renewable energy projects and has partnered with Egypt to build a 10GW wind farm.

The Middle East region is expected to see significant growth in renewable energy, with Arab countries aiming to triple their renewable energy capacity by 2030.

The region has numerous renewable energy projects, including the Benban Solar Park in Egypt, which has a capacity of 1,800 megawatts and is valued at $4 billion.

The Benban Solar Park spans 37 square kilometers and includes 41 solar power plants, making it one of the largest solar parks in the world.

The Middle East renewable energy market is expected to grow 13.43% annually from 2023 to 2028, driven by government incentives and investments in solar and wind energy.

The UAE is a leader in renewable energy in the region, with investments in solar and renewable energy contributing to the expansion of the green economy.

The UAE aims to create 50,000 new green jobs by 2030 and increase its renewable energy share by 30% by 2031.

The country has also adopted green building standards and promotes electric vehicles, which is expected to reduce carbon emissions by 30%.

Egypt's solar FIT program is expected to attract $2 billion in investments and create temporary and long-term jobs, with 11 solar plants to be built with a combined capacity of 500 megawatts.

The investments in renewable energy in the Middle East are expected to contribute to economic diversification, with the region aiming to reduce its dependence on oil and gas.

The UAE has invested Dh600 billion in clean energy projects over three decades and aims to achieve net zero emissions by 2050.

Saudi Arabia targets carbon neutrality by 2060, while Egypt aims for 42% renewable electricity mix by 2035.

The renewable energy sector in the Middle East is expected to drive economic diversification, with huge capital demand and talent training being major concerns.

The region is expected to play a pivotal role in the global energy transition, with MENA to be the source of 10 to 20 percent of the global hydrogen market by 2050.

Hydrogen is expected to generate $120 billion to $200 billion in annual revenues by 2050, with green finance in MENA reaching $3.8 billion in 2020.

The Gulf countries have implemented standards to support green energy investments, with banks increasing legislation to support the green energy business environment.

Saudi Arabia aims to produce 50% of its electricity through renewable energy by 2030, with the Kingdom's renewable energy projects aiming to reduce oil consumption and emissions.

The cost of buying electricity from renewable sources is very low, making it an attractive option for countries in the region.

The renewable energy projects in the Middle East are expected to contribute to economic diversification and local development, with the creation of new job and investment opportunities.

The Arab countries have increased their renewable energy capacity by 57% recently, with Egypt, Saudi Arabia, Oman, and Morocco leading the growth.

These countries are focusing on economic diversification and energy hub creation, with Egypt aiming to be a regional energy hub by 2030.

The region expects significant renewable energy growth by 2027, with solar and wind power being the main drivers of this growth.

The solar energy projects and investments in the Middle East are expected to create 44,000 jobs from green hydrogen projects.

The investments in renewable energy are expected to reach $4 billion, with 15,800 megawatts of renewable energy expected by 2025.

The region is expected to reach 68,500 MW of renewable energy by 2030, with 50% of national electricity coming from renewable energy by 2040.

The solar power plants in the region are expected to produce 29,784 GWh of clean energy annually, reducing 14 million tons of carbon dioxide emissions.

The green hydrogen projects are expected to generate $200 billion in export revenues by 2050, making it a significant contributor to the regional economy.

The Middle East is witnessing a significant energy transition, with several countries investing heavily in solar energy as part of their strategies to reduce dependence on oil and achieve climate goals.

Mohammed bin Rashid Al Maktoum Solar Park in Dubai has a production capacity of 5,000 megawatts by 2030, with a total investment of over AED 50 billion.

The current capacity of the park is 2,860 megawatts, and it aims to provide 100% energy from clean sources by 2050.

The Green Hydrogen Project in Dubai produces hydrogen using solar energy, and the city aims to achieve full carbon neutrality by 2050.

Oman's Ibri Solar PV Project has an installed capacity of 607 MW, generating 1,598 GWh of power annually and reducing carbon emissions by 340,000 tons per year.

The project covers the electricity consumption of 50,000 local households and has set new standards for power plant operation in the Middle East.

DEWA, Dubai's electricity and water authority, has been ranked first globally in 10 key performance indicators and aims to achieve 100% clean energy production by 2050.

The UAE has launched a Strategic Climate Neutrality Initiative 2050 and aims to provide 100% of its energy production from clean sources by 2050.

Dubai's Clean Energy Strategy 2050 and Carbon Neutrality Strategy 2050 aim to reduce carbon emissions and achieve a sustainable economy.

The Mohammed bin Rashid Al Maktoum Solar Park is the world's largest single-site solar park and will reduce carbon emissions by 6.5 million tons annually.

The UAE's solar project provides clean energy to 320,000 homes and reduces carbon emissions by 1.6 million tons annually.

The Al Dhafra solar farm in the UAE is the largest single-point solar farm in the world, with a capacity of 2 gigawatts and reducing carbon emissions by 2.4 million tons per year.

The farm powers nearly 200,000 homes and has created 4,500 jobs at peak construction.

The UAE aims to triple its renewable energy capacity to 14 GW by 2030 and has invested heavily in solar energy projects.

The sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park has a capacity of 1,800 megawatts and will reduce 2.36 million tons of carbon emissions per year.

The project has a lowest global competitive price of 1.6215 US cents per kilowatt-hour and will provide clean energy to 540,000 homes.

The UAE's solar

The Middle East region is witnessing a significant shift towards renewable energy, with several countries investing heavily in solar energy as part of their energy transition strategies.

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Content: In numbers...
Arab countries race to double their renewable energy production by 2030
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DUBAI, United Arab Emirates — (CNN) Arab countries are on track to grow their utility-scale wind and solar capacity by more than 500% by 2023, according to a report by Global Energy Monitor.
According to the report, the Middle East and North Africa (MENA) region has enormous potential for large-scale wind and solar power projects because of its favorable climate and sunny weather for most of the year.
Arab countries are planning more than 73 gigawatts of utility-scale solar and wind projects, a more than fivefold increase in current capacity, which together with operational projects will account for 91% of the Arab League ’ s renewable energy goals for 2030.
The UAE is at the top of the list of Arab countries that produce the most electricity from solar energy, with solar plants producing 2.6 gigawatts of electricity.
Egypt is among the Arab countries that produce the most electricity from wind power at 1.6 gigawatts.
Egypt produces 1.9 gigawatts of electricity from solar power plants.
Egypt ’ s total electricity production from both places it at the top of the list of Arab countries with a production capacity of 3.5 gigawatts.
Thanks to its huge investments in solar electricity production, the UAE ranks second in wind and solar electricity production, followed by Morocco in third place with 1.9 GW and Jordan in fourth place with 1.7 GW.
While Egypt, the United Arab Emirates, Morocco and Jordan are the first Arab countries to initiate wind and solar power plants, Oman, Algeria and Kuwait are poised to follow suit, ranking first in expected solar and wind power production in the near future.
Here are the top Arab countries in terms of the current operation of solar and wind energy on the scale of utilities and the capacity of wind and solar energy expected to be produced at the level of each country in the Arab region.

The region has enormous potential for solar and wind power, with 73 gigawatts of solar and wind projects planned, and Arab countries aiming to double renewable energy capacity by 2030.

Egypt, for instance, targets 50% renewable energy by 2040 with a capacity of 142,000 MW, and expects 15,800 MW of renewable energy to be integrated into the national grid by 2025.

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Content: Friday 29 December 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
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Hassad 2023 | « Electricity »: New renewable energy projects under construction with a total capacity of 1700 MW
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The Ministry of Electricity and Renewable Energy confirmed that the green hydrogen projects to be established will provide 44,000 direct and indirect jobs and 220,000 temporary jobs, in addition to eliminating 37 million tons of carbon dioxide emissions annually in Egypt.
Minister of Electricity and Renewable Energy Mohamed Shaker announced that there are 3,500 megawatts under construction and implementation to produce electricity from renewable energy, with investments of up to $4 billion and 400 million.
He added that this comes within the framework of Egypt's keenness to expand renewable energy projects to increase its reliance on electricity generation to provide the quantities of fuel used.
He stressed that the total capacity generated from renewable energy in the national electricity grid in 2025 is expected to reach 15,800 megawatts and reach 42,100 megawatts by 2028.
Total capacity generated from renewable energy will reach 68,500 MW by 2030.
He added that there is a reference plan that aims to rely on renewable energies by 50% by 2040 of the total capacity of the national electricity network with a total capacity of 142,000 megawatts.
Regarding the so-called “Green Plan ”, the minister explained that the state aims to rely on renewable energies by 57% by 2040 with a capacity of 159 thousand megawatts.
He pointed out that Egypt is keen to implement its plan to shift to green energy by amending the renewable energy strategy in Egypt to target reliance on renewable energies by 42% by 2030 instead of 2035.
He pointed out that renewable energy projects in Egypt have become a source of other investments such as green hydrogen, electric cars and water desalination.
For his part, Dr. Mohammed Musa Omran, CEO of the Electricity and Consumer Protection Utility Authority, said that the Authority is keen to overcome any obstacles facing investors in the sector, and speed the completion of licenses for investors and procedures within 15 days.
He added that there are also many legislations for new and renewable energy, and there is an exemption of up to 10 megabytes in the field of integration, and there is progress in net metering projects.
As for consumer complaints, he said that the door is always open to quickly end any problems, explaining that in the framework of developments, the investor can build a sales terminal for the consumer directly without the need to sell the network, which facilitates investment in this sector.
He stressed that the Authority is keen to open the competitive market for the private sector to produce renewable energy and sell it to the private sector and draft bilateral agreements between the private sector to create a favorable environment to attract private investment, which is one of the priorities of the Egyptian government.
On the other hand, the Ministry of Electricity confirmed that the memorandum of understanding signed between the New and Renewable Energy Authority and one of the leading Chinese companies in the field of renewable energy will be investments of up to $10 billion and include the establishment of solar power plants with capacities of up to 10 gigawatts. The participation of renewable energy in the national electricity grid to 42% by 2030, pointing out that Egypt has a huge potential in the field of renewable energy unlike any other in the world, and that the project will produce about 29,784 GWh of clean energy annually, which will contribute to reducing about 14 million tons of carbon dioxide emissions.
The ministry pointed out that the largest gathering of solar power plants in Egypt and the Middle East is Benban solar complex with a capacity of 1465 megawatts, noting that the memorandum of understanding signed aims to establish plants with a capacity of up to 10,000 megawatts that can be divided into two or three complexes to become the largest gathering of solar power plants in the future.

The United Arab Emirates (UAE) is also making significant strides in solar energy, with Dubai aiming to provide 100% of its energy production from clean sources by 2050.

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Content: 00: 00
Expo 2020 Dubai Today
Dubai Electricity: Global achievements support the march of excellence and competitiveness of the UAE
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Since its establishment on January 1, 1992, DEWA has been guided by the vision of the Founding Fathers and the directives of the wise leadership to promote the comprehensive and sustainable development of the UAE, which has flourished over 50 years of global achievements and gains, and heralds the next 50 years full of prosperity and prosperity.
The Authority has achieved significant achievements that have made it one of the best service institutions in the world, providing services to more than one million customers in Dubai.
DEWA has a world-class infrastructure with assets of AED 200 billion and investments of more than AED 86 billion over five years to meet the growing demand for electricity and water in the emirate through a clear strategy and roadmap to transform Dubai into a centre of excellence in new technologies necessary to achieve the Dubai Clean Energy Strategy 2050 and Dubai Carbon Neutrality Initiative to provide 100% of energy production capacity from clean energy sources by 2050.
HE Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of DEWA, said: “DEWA is working to provide advanced infrastructure according to the highest international standards, and raise the capacity and efficiency of production stations and transmission and distribution networks to provide electricity and water services according to the highest standards of availability, reliability, efficiency and sustainability.
Sustainability
H.E. Al Tayer added: “As part of its vision as a world leading sustainable and innovative institution, DEWA seeks to contribute to the achievement of the United Nations Sustainable Development Goals 2030 and promote sustainability in all its environmental, social and economic aspects, in line with the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, has pledged to make the UAE the best country in the world by its centenary in 2071.
Thanks to the support of the wise leadership, DEWA ’ s installed capacity reached 13,417 megawatts of electricity and 490 million gallons of desalinated water per day.
The share of clean energy in Dubai is 11.38% of the total energy mix, which represents a great success for the Emirate of Dubai, where the emirate exceeded the proportion set in the Dubai Clean Energy Strategy 2050, where the target was to provide 7% of energy production capacity from clean energy sources by 2020.
Dubai achieved a 33 per cent reduction in carbon emissions in 2020, more than doubling the target of the Dubai Carbon Reduction Strategy 2021, which aims to reduce emissions by 16 per cent by 2021.
Dubai has become a role model in the field of clean and renewable energy, sustainability, green economy, reducing carbon emissions and finding sustainable solutions to reduce the negative effects of climate change.
Excellence.
He added that the authority achieved superior levels in the global competitiveness indicators, including raising the efficiency of fuel consumption in production units to about 90% to compete with the best international standards, and improving production efficiency by 33.41% between 2006 and 2020.
The availability and reliability of production plants in the summer reached 99.66% and 99.98%, respectively, which are among the highest in the world.
The authority outperformed the elite European and American companies, reducing the percentage of losses in electricity transmission and distribution networks to 3.3% compared to 6-7% in Europe and the United States.
It was also able to achieve the best global results in the rate of electricity cuts per subscriber per year, which amounted to 1.66 minutes per subscriber compared to 15 minutes recorded by the elite electricity companies in the European Union countries.
The agency also managed to reduce water network losses to 5.1% compared to 15% in North America.
Some of the most prominent stations in the course of the Authority over the past 29 years are:
Mohammed Bin Rashid Al Maktoum Solar Park
The Mohammed bin Rashid Al Maktoum Solar Park is the world ’ s largest single-site solar energy project with an independent product system.
The solar energy projects currently in operation in the complex have a capacity of 1,527 MW with solar PV panels, and the Authority currently has 1,333 MW projects under implementation with PV and CSP technologies, in addition to other future phases to reach 5,000 MW by 2030.
The Authority is seeking to set two new Guinness World Records for the highest solar tower in the world at 262.44 meters and the largest power plant using concentrated solar power with a capacity of 700 MW, within the fourth phase of the complex.
The park includes the Innovation Centre, which is a global platform for renewable and clean energy innovations and will contribute to shaping the world ’ s sustainable energy future.
The complex also includes a research and development center that supports DEWA ’ s efforts to look to the future, develop long-term proactive plans to keep pace with the Fourth Industrial Revolution and innovate disruptive technologies that provide world-class services that enhance the quality of life in Dubai.
The Authority entered the Guinness Book of Records for the first 3D printing laboratory in the world, as well as the robotics and drones laboratory at the Center.
Dubai Electricity and Water Authority (DEWA) Space Program (SpaceD)
The DEWA Space Program enhances operational efficiency and effectiveness, including preventive maintenance of the electricity and water networks (planning, production, transmission and distribution). It also contributes to the flexibility and agility of monitoring and control of the electricity and water networks, accurate and rapid monitoring of the impacts of weather events and climate change on energy supply and infrastructure, including desalination.
The performance and efficiency of the solar PV panels at the Mohammed bin Rashid Al Maktoum Solar Park will be monitored through special cameras located on the main satellite and examine the impact of weather events and climate change on energy infrastructure and supply.
The project includes the launch of satellites supporting the main satellite and will be manufactured by UAE hands at the Research and Development Centre.
The system includes a satellite ground station and ground transmission stations that use Internet of Things (IoT) and artificial intelligence (AI) technologies through sensors distributed over different locations of the network.
Green Hydrogen
DEWA has launched the “Green Hydrogen ” project, the first of its kind in the Middle East and North Africa region to produce green hydrogen using solar energy, at the Mohammed bin Rashid Al Maktoum Solar Park.
The plant is designed and built to be able to accommodate future applications and test platforms for various uses of hydrogen including mobility and industrial uses.
The pilot project was implemented in collaboration with DEWA, Expo 2020 Dubai and Siemens Energy.
Development Projects in Hatta
The Authority is working on pioneering and innovative projects, the most important of which is a 250MW hydroelectric power plant in Hatta, which is the first of its kind in the Arabian Gulf region, with a storage capacity of 1,500 MWh and a life expectancy of 80 years, with investments of about AED 1.421 billion.
The Authority is currently considering a project to generate electricity through wind power in the Hatta region.
In furtherance of Hatta ’ s position as one of the most prominent tourist attractions in the Emirate of Dubai, DEWA is implementing the “Dubai Summit ” project, which includes the construction of a 5.4-kilometer cable car to transport tourists from the Hatta Dam to the Umm Al Nsour summit in Hatta, the highest natural peak in the Emirate of Dubai, with a height of 1,300 meters above sea level. Cars under the dam, develop the area and turn it into recreational spaces, cafes and restaurants.
Jebel Ali Power & Desalination Plant Complex
Dubai Electricity and Water Authority (DEWA) ’ s Jebel Ali Power and Desalination Park is one of the main pillars of providing Dubai with reliable, efficient and high-quality electricity and water services. DEWA has entered the Guinness Book of World Records for the largest single-site natural gas power production facility – with a capacity of 9,547 MW – in the complex, which includes two main power and desalination plants. E, G and « Production Complex 2 » with a production capacity of 6.786 MW and includes stations K, L and M.
The most prominent companies of Dubai Electricity and Water Authority.
Although DEWA ’ s main area of business is the production and supply of electricity and water, DEWA has many other commercial activities related to its main scope of business, including: Emirates Central Cooling Systems Corporation (Empower), Mai Dubai; Union Energy Services Company (Etihad ESCO), Dewa Digital, Moro Data Center for Integrated Solutions, Jumeirah International Energy Company, Shuaa Energy Company 1, Shuaa Energy Holding Company 2, and Hasaa Energy Company. Yann Energy Holdings, Noor Energy Holdings 1, Shuaa Energy Holdings 3, Dubai Green Fund Investments, and Forward Ventures.
DEWA Digital
As part of the Dubai 10X initiative to develop the services of the Government of Dubai to implement today what other cities of the world will do 10 years later, DEWA launched DEWA Digital, the digital arm of Dubai Electricity and Water Authority.
Through this initiative, the Authority intends to replace and change the operational model of service institutions, and to become the first digital institution in the world, with autonomous systems for renewable energy and storage, with the expansion of the use of artificial intelligence and digital services.
Dewa Digital includes Moro as well as four recently established companies: Digital X and Infra X.
Expo 2020 Dubai
DEWA ’ s participation in Expo 2020 Dubai is divided into two parts, as DEWA is the official sustainable energy partner of Expo 2020 Dubai, and it also participates in a special pavilion at the exhibition.
DEWA has allocated 4.26 billion dirhams to support electricity and water infrastructure projects at Expo 2020 using the latest smart systems, in addition to providing Expo 2020 with clean energy from the Mohammed bin Rashid Al Maktoum Solar Park.
DEWA has also installed 19 green charger stations to charge electric vehicles at multiple locations on the Expo 2020 site.
WETEX and Dubai Solar Energy
The Water, Energy and Environment Technology Exhibition (WETEX) and Dubai Solar is the largest exhibition of its kind in the region, and one of the most prominent international exhibitions specialized in the fields of water, electricity, energy, environment, oil and gas, renewable energy and environmental sustainability.
The exhibition has set several strategic objectives that have been achieved on the ground to contribute to the promotion of sustainable development and the building of a green economy in the UAE over the past 22 years, and become an integrated platform for companies and institutions operating in these sectors to promote their products, services and innovative technologies. decision from the public and private sectors.
WETEX and Dubai Solar 2021 attracted 1,200 companies from 55 countries, 61 sponsors, 10 country pavilions and 45,506 visitors from around the world.
During the exhibition, the Authority organized 56 seminars and specialized discussion sessions, with the participation of a group of experts and specialists from around the world.
Global Green Economy Summit
The World Green Economy Summit, organized by Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) in cooperation with the Dubai Supreme Council of Energy and the United Nations Development Programme (UNDP), is an important global platform to promote partnerships and exchange experiences among key decision-makers and support cooperation between regional and international institutions and organizations from the public and private sectors.
The summit is a strategic platform to support international cooperation in addressing global challenges and promoting sustainable development and investments in the green economy.
Since its launch in 2014, the summit has achieved significant development and achievements through the adoption of policies, plans and initiatives to enhance international cooperation between the participants from business leaders and global experts from the public and private sectors.
World Green Economy Organization
His Highness Sheikh Mohammed bin Rashid Al Maktoum launched the World Green Economy Organization (WGEO) in collaboration with the United Nations Development Programme (UNDP) in October 2016, during the World Green Economy Summit in Dubai, to promote the transition to green economy, spread green economy projects globally and support countries and organizations seeking to achieve their green strategy and plans.
Together with the UAE Ministry of Climate Change and Environment, and in collaboration with leading organizations including the United Nations Development Programme (UNDP), the United Nations Environment Programme (UNEP), the United Nations Framework Convention on Climate Change (UNFCCC) and the World Bank Group, the World Green Economy Organization (WGEO) is co-organizing Regional Climate Week 2022 for countries in the Middle East and North Africa.
The UAE will host this event from February 28 to March 2, 2022, during the organization of Expo 2020 Dubai, to boost the momentum of climate action in the Middle East and North Africa region.
« Solar Decathlon - Middle East »
DEWA organized the first and second editions of the Global Universities Competition for Solar Home Design (Solar Decathlon – Middle East), for the first time in the Middle East and Africa, with total prizes of more than AED 20 million.
The competition was held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and organized by Dubai Electricity and Water Authority (DEWA) as part of the partnership between the Dubai Supreme Council of Energy and DEWA with the US Department of Energy.
The competition aims to encourage university students to design, build and operate smart and sustainable models of solar powered homes that are cost-effective and energy-efficient, with a focus on environmental conservation and taking into account the climatic conditions of the region.
Digital Transformation
The smart adoption rate of DEWA ’ s services reached 98.92% in the third quarter of 2021, and DEWA received a stamp (100% paperless) from Dubai Digital Corporation in recognition of its success in completing the digital transformation of all its operations and services by 100%.
The Authority provides all its services through its website and smart application.
The Authority has completed digital integration with more than 30 entities, and the number of smart transactions completed since 2017 until the end of September 2021 reached about 41 million transactions.
Over the past years, DEWA has achieved many successes and achievements that have placed it among the most distinguished institutions in the world, including:
More than 348 awards: The Authority won 348 awards (62 local, 63 regional, 223 international) from 2015 until the first half of last year.
Shams Dubai: The ‘ Shams Dubai ’ initiative launched by the Authority supports the ‘ Smart Dubai ’ initiative, which aims to make Dubai the smartest and happiest city in the world.
The initiative aims to encourage homeowners and building owners in Dubai to produce their energy needs using solar panels that are installed on the roofs of buildings and connect the systems to DEWA ’ s grid.
As of December 8, 2021, DEWA ’ s network has been connected to more than 6,896 rooftop solar systems in Dubai, comprising residential, commercial and industrial buildings, with a total capacity of 379.3 MW.
Smart Grid: Smart Grid is a cornerstone of DEWA ’ s strategy to develop advanced infrastructure that supports Smart Dubai ’ s initiative to transform Dubai into the smartest and happiest city in the world.
DEWA has completed the installation of more than two million smart meters for electricity and water in Dubai, which contributes to raising efficiency and rationalizing consumption, in addition to enabling customers to monitor their consumption at any time and from anywhere.
Green Charger: The Green Charger initiative to create electric vehicle infrastructure promotes sustainable mobility and supports Dubai ’ s Green Mobility initiative in the emirate as a pillar of the smart city.
DEWA has completed the installation of more than 320 electric vehicle chargers across Dubai to encourage the public to use eco-friendly electric vehicles.
The best global ratios in health, safety and environment: TRA places the culture of health, safety and environment at the top of its priorities, and is keen to fully comply with security and safety standards, which exceeded 96% of the zero environmental violations, thus recording the best global ratios in this field.
Rationalization of consumption: Rationalization programs and initiatives launched by DEWA throughout the year contribute to significant savings in electricity and water consumption among the target groups. Between 2011 and 2020, cumulative savings as a result of DEWA initiatives amounted to 2.44 TWh of electricity and 6.7 billion gallons of water equivalent to 1.35 billion dirhams. These savings contributed to reducing 1.22 million tons of carbon emissions.
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The Mohammed Bin Rashid Al Maktoum Solar Park in Dubai is the world's largest single-site solar energy project, with a capacity of 1,527 MW.

Saudi Arabia is also investing in solar energy, with a joint project between BADIL and ACWA Power to build a 2060 megawatt solar power plant in the Shuaiba, Makkah region.

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Content: Saudi Arabia...
Signing an agreement to build the largest solar power plant in the Middle East and North Africa
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ACWA Power and BADIL, a subsidiary of the Public Investment Fund (PIF), have signed an agreement to build the largest solar power plant in the Middle East and North Africa in Makkah, Saudi Arabia.
According to a statement published by the Water and Electricity Holding Company "BADIL", the production capacity of the project is 2060 megawatts, and will be held in Shuaiba in the Makkah region.
The company said that the project will be jointly owned by BADIL and ACWA Power at a rate of 50% each, through the establishment of a joint company for the development of the project under the name of "Shuaiba II Electric Power Company".
BADIL and ACWA Power will build, own and operate Shuaiba 2 and sell electricity through it to Saudi Power Purchase, which, when fully completed, will supply 350,000 residential units with electricity.
Shuaiba 2 is ACWA Power ’ s sixth solar power plant in the Kingdom, while ACWA Power ’ s local portfolio includes 13 power generation, water desalination and green hydrogen production plants.
ACWA Power announced yesterday that it has signed a power purchase agreement for the largest solar PV plant in the Middle East and North Africa (MENA) region, Shuaiba II Solar PV Plant in Makkah, with a production capacity of 2060 MW worth $1.75 billion.
She explained that the contract period is 35 years, indicating that the Shuaiba II solar PV plant will be developed, financed, built, owned and operated with a production capacity of 2060 MW.
Source: Saudi Media
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The project development timelines for solar energy projects in the Middle East vary, with some projects already completed, such as the Oman Ibri Solar PV Project, which was completed in January 2022.

Title:

Content: To enable Oman Vision 2040, PowerChina sets new standards in renewable energy through the Oman Ibri Solar PV Project
BEIJING, Dec. 22, 2022 / PRNewswire / — Report from haiwainet.cn:
According to a recent World Government Summit report, Oman, Jordan, Tunisia, the United Arab Emirates, Algeria and Morocco have topped the list in achieving 60% of the 2030 Sustainable Development Goals.
Oman is promoting global cooperation in renewable energy following the launch of Oman Vision 2040.
In January 2022, Oman ’ s largest renewable energy project, the Oman Ibri Solar PV Project, implemented by PowerChina, was completed.
As the largest solar PV project in Oman at present, it has a installed capacity of 607 MW and annual power generation of 1,598 GWh, which could cover the annual electricity consumption of 50,000 local households.
It is important to secure energy supply and diversify Oman ’ s energy structure.
The construction of a large-scale photovoltaic power plant in the desert needs to take into account not only summer extremes, but also complex geological conditions and dust storm weather.
During the storm, a thick layer of dust will accumulate on the photovoltaic panels, reducing the efficiency of power generation.
To deal with the dust storm, the project team made a groundbreaking attempt – installing intelligent cleaning robots on the panels.
The cleaning robots will automatically clean the dust covered on the panels.
This project combines photoelectric tracking system and automatic cleaning system for the first time, greatly improves power generation efficiency and reduces operation and maintenance costs, and sets new standards for large-scale power plant operation and maintenance in the Middle East.
PowerChina has obtained 41 patents for inventions and utility models, completed one study, and published 8 scientific reports through this project.
At the same time, the clean energy produced by the Oman Ibri solar PV project is expected to reduce carbon emissions by 340,000 tons per year, contributing positively to addressing climate change and achieving carbon neutrality.

The major challenges faced by solar energy projects in the Middle East include dust storms, which reduce power generation efficiency, and high temperatures, which pose a challenge to labor productivity.

Title:

Content: Wednesday 03 July 2024
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
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70% completion of Abydos solar power plant in Aswan and commercial operation next September
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Less than three months before the date of commercial operation on September 27, according to the schedule set at 18 months since the start of the implementation of the Abydos solar power plant in Kom Ombo, Aswan.
Abydos, a UAE-based subsidiary of Al Nowais Investments, has completed more than 70% of the project ’ s total work despite significant challenges in recent months, which have been overcome one by one by the project team, to form blue waves of solar cells in the middle of the desert, confirming that the EMEA Power team is able to start commercial operation of the plant on 27 September on schedule.
For his part, Engineer Samir Nassif, Executive Director of Abydos Solar, said that the project has faced many challenges since the start of its implementation, but the project team was able to overcome these challenges.
One of the biggest challenges, he explained, was interacting with the local community, given the need to communicate the fact that the project would benefit them, which required good planning and intensive communication with community members.
He stressed that interacting with the local community and supporting its members is the policy of EMEA in all its projects around the world, by explaining the benefits of its projects to local communities, and making its members part of these projects.
He added that the unrest in the Red Sea in recent months has presented a huge challenge to the project, due to the consequences associated with the tripling or quadrupling of freight and insurance prices, as well as the delay in the arrival of shipments due to changing shipping routes.
He explained that the EMEA team was able to deal with this huge challenge by communicating with the general contractor of the project to complete the construction work faster, as well as communicating with the equipment manufacturers to accelerate the manufacturing processes, noting that by 20 July all the equipment for the project will have reached the work site.
He explained that the implementation rate of the project exceeded 70%, stressing that the remaining percentage is the most difficult, pointing out that the high temperatures represent a major challenge during the next three months, especially in terms of labor productivity and maintaining a safe working environment.
He stressed that the absolute priority for EMEA is the safety of employees, as the team has developed plans to reduce the risks of working in such conditions.
He explained that the works are being carried out according to the schedule, stressing his confidence that the project will be delivered on the scheduled date of September 27, noting that the project has successfully conducted operational tests to link the capacity of the station to the national electricity grid.
With regard to the periodic review of international funding bodies, Nassif stressed that the review delegation expressed its admiration for what has been achieved on the ground despite the challenges it faced, and that the Abydos team has fulfilled its commitments.
In turn, the project manager, Ahmed Ali, said that the project of the Abydos solar power plant faced unprecedented challenges, such as the disruption of navigation in the Red Sea, and the transport of the two largest transformers in the Middle East and Africa, which necessitated the study of their journey from the port of Ain Sokhna until reaching the site of the station in a journey of about two weeks.
He stressed that despite all these challenges, the project team was able to adapt and make great progress in the project work, where the total percentage of the project exceeded 70%, where 450 thousand solar panels with a capacity of about 280 MW, in addition to the extension of 8.8 million meters of DC cables and 120 kilometers of medium voltage cables, and the completion of 90% of the work of the substation.
With regard to the next phase, the project manager stressed that the coming period is the most important, pointing out that the project contracted with subcontractors, technicians, labor, equipment and vehicles to complete the remaining works according to the schedule.
He stressed that the Abydos project team is proud of what it has achieved with the local community, its employees and contractors.
He explained that the plant recorded a record number of installing 22,000 solar cells in one day, which is 30 June last, noting that the project team aims to install solar cells with a total capacity of about 300 MW within one month.
He pointed out that the safety of workers is the highest priority of the project, which means that the rise in temperatures is a major challenge during the current and future period, stressing that the project has taken all the necessary precautionary measures to avoid the occurrence of drought or heat stress for the workforce in the project.
He affirmed the confidence of the project team in completing the works and starting the commercial operation on time.
Mohamed Soliman, chief electrical engineer at Abydos Solar, said that within one week all works in the AIS area will be completed, pointing out that all work on the installation of the main transformers has been completed and we have started the testing and operation phase of the two main transformers with the Egyptian Electricity Transmission Company, in addition to placing 56 (switch gear) in the building allocated to it.
He stressed that the work of the substation will be a great challenge, especially with the lack of time, which necessitated the doubling of the workforce to about 600 workers and technicians per day over the course of two patrols, for delivery on time.
For his part, Eng. Islam Al-Jundi, Director of the Occupational Safety, Health and Environment Department at Abydos, said that the biggest challenge is the presence of more than 3,000 workers in the workplace, most of them from the local community, which required training on the rules of occupational safety and health, in addition to the approaching date of delivery of the plant and commercial operation.
He explained that the selection of suitable workers during this important period is vital for the project as a whole, explaining that the project team overcame this by intensifying training courses for new workers and appointing more supervisors to follow the progress of work.
He pointed out that the beginning of the summer and the high temperatures also represent a huge challenge to maintain a safe working environment within the project site, explaining that the project ’ s managers dealt with this challenge by controlling the working hours, and trying to reduce the risk of heat stress and sun strikes by giving workers an hour of rest from 12 to 1 pm, as well as granting breaks of 10 to 15 minutes between each working hour.
He added that workers are trained to deal with cases of heat stress if they occur, in addition to providing an integrated clinic that works around the clock equipped with medical drugs and all the equipment to deal with these cases, in addition to the presence of two doctors, a nurse and a pharmacist for each shift work, with the presence of two ambulances inside the site.
He explained that the periodic visit of the World Bank and its consultants specialized in health, society and environment visited the housing provided by the project to ensure that the project provides adequate housing and conditions for all workers, in addition to meeting with representatives of the local community in Faris village to discuss their needs and expectations of the project.

Despite these challenges, the region is making significant progress in increasing its solar power capacity, with the UAE's Al Dhafra solar farm being the world's largest single-point solar farm, powering nearly 200,000 homes.

Title:

Content: The United Arab Emirates launched the Al Dhafra solar farm ahead of COP28, which is currently the largest single point solar farm in the world.
The 2 gigawatt (GW) solar farm is 22 miles (35 kilometers) from Abu Dhabi and has nearly 4 million double-sided solar panels.
It will power nearly 200,000 homes and reduce carbon emissions by more than 2.4 million tons per year.
It created 4,500 jobs at the peak of construction, with solar panels installed at an average rate of 10 megawatts (MW) per day during construction.
Al Dhafra is jointly developed by Abu Dhabi Future Energy Company (Masdar), Abu Dhabi National Energy Company (TAQA), EDF Renewable Energy and Chinese solar developer Jingke Power.
TAQA owns 40% of the project, while Masdar, EDF Renewables and JinkoSolar each own 20%.
Under the 2020 power purchase agreement, the solar power plant will supply electricity to the UAE Hydropower Company (EWEC).
Now that Al Dhafra is online, the UAE ’ s solar power capacity has increased to 3.2 GW. In September, EWEC solicited a proposal to develop a 1.5 GW solar power plant in Al Khazna, near Abu Dhabi.
The UAE aims to triple its renewable energy capacity to 14 GW by 2030.

Qatar is also investing in solar energy, with the IC Solar project expected to start production by the end of 2024, increasing Qatar's renewable capacity to 1.675 GW.

Title:

Content: Qatar Energy announced on Tuesday that its affiliate QatarEnergy Renewable Solutions, has awarded the Engineering, Procurement and Construction (EPC) contract for its Industrial Cities (IC) solar power project to South Korea’s Samsung C&T.

The approximately 2.3 billion Qatari riyal ($632 million) IC Solar project, which consists of two large-scale photovoltaic (PV) solar power plants with a combined capacity of 875 megawatts (MW), is Qatar’s second utility-scale solar project after the 800 MWp Al Kharsaa Solar PV Independent Power Plant (IPP), which is currently under construction.

The project’s power generation capacity is strategically distributed between the two main industrial cities in Qatar, Mesaieed Industrial City (MIC) and Ras Laffan Industrial City (RLIC), Qatar Energy said in a press statement.

The MIC plant will have a capacity of 417 MW while the one in RLIC will have a capacity of 458 MW, the statement said, adding that the two plants, spread over a combined area of 10 square kilometres, are expected to start electricity production by the end of 2024.

The statement noted that the IC Solar project will increase Qatar’s renewable energy generation capacity to 1.675 gigawatts (GW).

Qatar is targeting 5 GW of solar generated power by 2035.

The statement also said the output of both plants will contribute to the reduction of QatarEnergy’s GHG footprints from its facilities in RLIC and MIC, mainly its NFE and NFS LNG expansion projects, in addition to expanding grid capacity in other locations.

(Writing by SA Kader; Editing by Anoop Menon)

(anoop.menon@lseg.com

The growth of the solar energy sector in the Middle East is expected to have a positive impact on the local economy, with the creation of new jobs and increased investment in the sector.

The transition to renewable energy is also expected to help the region achieve its climate goals, with a reduction in carbon emissions and greenhouse gas footprints.

Overall, the Middle East is making significant strides in its energy transition, with a focus on increasing solar power capacity and reducing dependence on fossil fuels.

Title:

Content: World Future Energy Summit to focus on providing ‘sustainability blueprint’

The three-day event will be held at the Abu Dhabi National Exhibition Centre from January 16 to January 18

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The 2023 World Future Energy Summit aims to provide a “crucial sustainability blueprint” amid a global focus on the energy transition and measures to boost investment in the renewables sector.

Energy industry leaders and policymakers from around the world will participate in the three-day event at the Abu Dhabi National Exhibition Centre from January 16 to January 18, organisers said on Wednesday.

The summit is the centrepiece of Abu Dhabi Sustainability Week, a global initiative championed by the UAE and Abu Dhabi's clean energy company Masdar to hasten sustainable development and advance economic, social, and environmental progress.

“This event has evolved just as the energy sector and our economies are transitioning,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“It has now morphed into the Middle East’s most important industry gathering, of which clean energy and infrastructure are key components.”

Countries in the Middle East such as the UAE, Saudi Arabia, Jordan, Oman and Egypt are boosting investment in the clean energy sector.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

It is building the world’s largest solar plant with a capacity of two gigawatts in Abu Dhabi's Al Dhafra region that is expected to be ready next year, as well as the Mohammed bin Rashid Solar Park in Dubai with a capacity of five gigawatts.

Saudi Arabia, the Arab world’s largest economy, also announced a number of new renewable energy projects as it seeks to become carbon neutral by 2060.

Egypt, the most populous country in the Arab world, aims to derive 42 per cent of its electricity mix from renewable sources by 2035. The North African country is hosting Cop27 next month.

“This newly transitioned event profile is in the right place at the right time, underlining a much-needed shift towards reaching our clean energy goals, as well as achieving sustainable governance and adopting consumption and [the] production of natural energy methods that ensure the quality of life for current and future generations,” Mr Al Mazrouei said.

Renewable energy investment continued to rise amid green transition efforts globally. Capital investments in renewables are set to surpass oil and gas spending for the first time in 2022 as high power prices prompt countries to further diversify their energy mix, according to a report by Rystad Energy.

Investment in renewable energy is set to hit $494bn in 2022, outstripping upstream oil and gas spending at $446bn for the year, the Oslo-based energy consultancy said this month.

In addition to the focus on energy, water, eco-waste, solar, smart cities, climate and the environment, next year's event will also preside over the launch of a dedicated hydrogen innovation centre as demand for the clean fuel picks up globally amid green transition efforts, organisers said.

The event takes place at a time when the UAE is preparing to host Cop28 next year.

Updated: October 19, 2022, 10:41 AM
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The region's efforts to transition to solar energy are expected to have a significant impact on the local economy and climate goals, with several countries aiming to reduce their carbon footprint.

Saudi Arabia's Public Investment Fund (PIF) is one of the largest sovereign renewable wealth funds, and the country aims to be carbon neutral by 2060.

Title:

Content: Land solar energy investment set off the "Middle East fever" total amount of nearly 100 billion
China's new energy investment set off the "Middle East fever", solar industry giants Jingke Energy, TCL Central almost at the same time announced cooperation with Saudi Arabia (Saudi Arabia) sovereign fund solar projects, a total investment of about 3 billion US dollars (about NT $97.5 billion).
In addition, inverter giant Sunlight Power announced the successful signing of the world's largest energy storage project with Saudi company ALGIHAZ, with a capacity of up to 7.8GWh.
Analysts pointed out that the above case means that in addition to the continued investment of Middle East funds in the mainland, in the solar industry is subject to overcapacity criticism, mainland funds choose to go to the Middle East to develop the solar industry.
Founded in 1971, PIF is one of the largest and most influential sovereign renewable wealth funds in the world. Its wholly-owned subsidiary, RELC, is one of the largest and most influential renewable wealth funds in the world. and a leader in green energy technology manufacturing.
Founded in 2021 by two major conglomerates, Abunayyan and Al Muhaidib, VI aims to build a new energy industry chain manufacturing capacity in Saudi Arabia to meet the huge demand for new energy in the Middle East and the world, and is an investor and developer of green energy industrial projects to support the localization of supply chains.
Among them, JinkoSolar ’ s joint venture company plans to set up a joint venture company in Saudi Arabia to build 10GW of high-efficiency batteries and components, with a total investment of 7.157 billion yuan.
JinkoSolar has a market share of more than 50% in the Middle East in 2023, including more than 70% in Saudi Arabia.
The joint venture company of TCL Central has an annual output of 20 GW of solar wafer projects in Saudi Arabia, with a total investment of about RMB15.1 billion.
It is also TCL ’ s first overseas solar wafer factory in Central.
After the project is launched, it will become the first solar wafer project in Saudi Arabia and the largest wafer factory in the world.
Vision Group ’ s joint venture will manufacture wind turbines and critical components locally. Helping Saudi wind power value chain achieve 75% localized production by 2030.
And Vision is the global wind power leader, overseas wind orders for two consecutive years accounted for 70% of the orders of mainland China's wind power enterprises.
At the same time, Sunlight Power also announced three sites in the Middle East energy storage project, in the Najran, Madaya and Khamis Mushait regions of Saudi Arabia, with deliveries starting in 2024 and full capacity grid operation in 2025.
However, Sun Power did not disclose the contract amount in the announcement.
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The UAE is set to host Cop28 next year and has allocated $36 billion to foreign renewable energy projects in 2022.

Masdar, a UAE-based company, has invested over $30 billion in global renewable energy projects and has partnered with Egypt to build a 10GW wind farm.

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Content: Friday 8 December 2023 Abu Dhabi UAE
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Massive clean energy projects boost UAE ’ s climate efforts
Suhail Al Mazrouei
December 8, 2023 01: 29
His Excellency Suhail Mohammed Al Mazrouei
The UAE has seen rapid and sustained growth in renewable energy production over the past decade and has increased its investment in international renewable energy projects, placing it at the forefront of the world ’ s transition to clean energy.
Located just 35km from Abu Dhabi, Al Dhafra Solar Power Plant is the largest single-site solar power plant in the world.
The newly commissioned plant has about 4 million solar panels spread over an area of 20 square kilometers and provides enough power for more than 160,000 homes.
This milestone is part of the UAE ’ s ambitious plans to diversify its energy sources and is one of the latest achievements in a 15-year journey in which the country has established itself as the world ’ s largest solar producer and the second largest consumer of solar energy by population.
The Al Dhafra Solar Power Plant contributes significantly to the UAE ’ s strategic goal of achieving climate neutrality by 2050.
This is a goal that the country is moving steadily towards thanks to its huge investments.
To date, the UAE has fulfilled its commitments to invest more than $50 billion in renewable energy projects, both inside and outside the country.
In July 2023, the UAE unveiled additional plans to double its renewable energy supply and investment by $54 billion over the next seven years to meet growing energy demand.
The UAE has already begun to reap the benefits of its commitment to these pledges.
By 2030, the country will have doubled its renewable energy capacity and the share of clean energy in its diverse energy sources will increase by 30% with a total capacity of 19.8 GW.
Thanks to the UAE ’ s year-round sunny climate, solar energy is one of the most important and prominent sources of energy in the country.
In addition to the Al Dhafra solar plant, the Noor Abu Dhabi solar plant generates 1.2 gigawatts of electricity and provides power to 90,000 homes while reducing emissions by 1 million metric tons per year, enough to remove 200,000 vehicles from the roads.
The Shams plant in the Al Dhafra region of Abu Dhabi is one of the largest concentrated solar power plants in the Middle East and helps eliminate 175,000 tons of carbon dioxide annually, equivalent to planting 1.5 million trees.
In Dubai, the Mohammed bin Rashid Al Maktoum Solar Park comes with a production capacity of 5,000 megawatts by 2030, enough to power 800,000 homes by 2030 and reduce more than 6.5 million tonnes of carbon emissions annually.
Despite the country ’ s large and diversified investments in clean energy, its transition to clean energy is based on a long history and track record in sustainability that put his first daughters, the founding father of the late Sheikh Zayed bin Sultan Al Nahyan, who was the forerunner in preserving the environment before increasing interest in this important topic.
Recently, the UAE has begun to take advantage of technological development to establish itself as a leading innovation hub based on a sophisticated system aimed at finding solutions to some of the world ’ s biggest challenges.
Although solar power is abundant, nuclear power contributes even more to efforts to reduce carbon emissions.
At the Barakah Nuclear Power Plant in the Emirate of Abu Dhabi, the first nuclear power project in the Arab world, three of its four units have started commercial operations.
Once the fourth reactor is operational, the plant will generate 5.6 GW of clean energy, providing 25% of the UAE ’ s electricity needs.
The UAE has also succeeded in introducing wind energy on a large scale in its diverse energy sources by launching the UAE Wind Energy Program, where wind farms are located in three locations in Abu Dhabi and one in Fujairah, with a production capacity sufficient to power more than 23,000 homes annually.
Low-emission hydrogen is expected to play a key role in the UAE ’ s renewable energy portfolio, as the country prepares to strengthen its leadership in the production and export of low-emission hydrogen, with a target of 1.4 million metric tons per year by 2031 and 15 million metric tons per year by 2050.
In line with the UAE ’ s National Hydrogen Strategy announced in July 2023, it will establish two hydrogen-producing oases by 2031 and increase the number to five by 2050.
There are also plans to establish a dedicated hydrogen research, development and innovation centre.
The UAE has made significant progress in this area by entering into a number of important partnerships, with Abu Dhabi Future Energy Company (Masdar) signing a Memorandum of Understanding (MoU) with four Dutch companies to develop a green hydrogen supply chain between Abu Dhabi and Amsterdam.
ADNOC also sent its first shipment of hydrogen ammonia to Germany in October 2022 as part of a landmark agreement between the UAE and Germany to increase energy security, decarbonize and tackle climate change.
At the same time, the UAE is developing its infrastructure to facilitate the manufacture of clean hydrogen.
This includes ADNOC ’ s plans to build a world-class blue ammonia plant in the Tamkeen industrial zone and chemicals hub in Ruwais.
This is in addition to the agreement signed by Abu Dhabi-based VertiGlobe, a joint venture between ADNOC and USSI, registered in the Netherlands, with Masdar and France to develop a competitively priced green hydrogen production facility in Ruwais with a potential capacity of up to 2 MW scheduled for operation by 2025.
Domestically, the UAE is making significant progress in meeting its energy needs, but its vision for a sustainable future transcends its borders.
In 2022 alone, the UAE allocated nearly $36 billion in foreign direct investment to renewable energy projects around the world.
Since its launch in 2006, Masdar has invested or committed to investing in projects around the world worth more than $30 billion.
These investments include the partnership agreement it recently signed with Egypt to build a 10GW wind farm, which is expected to become one of the largest projects in its class.
In addition to producing 47,790 gigawatts of clean energy annually, the farm will create 100,000 jobs during construction and 3,200 more once the project is completed.
It will contribute a 42% share of Egypt ’ s diverse energy sources by 2035 and help save $5 billion a year in natural gas costs.
Masdar also formed a new consortium to build a $1 billion solar power plant in Saudi Arabia after signing a power purchase agreement with EDF Renewables, Nesma and Saudi Power Purchase Company.
Under the agreement, the consortium will develop the 1,100-megawatt (MW) Hannakiya solar power plant, which, when completed, will power more than 190,000 homes a year and avoid the release of more than 1.8 million tonnes of carbon emissions annually.
While the UAE ’ s ambitious clean energy projects have proven to have a significant impact on reducing emissions, the country ’ s expansion of its clean and diverse energy sources promotes the development of sustainable development on a larger scale, creating jobs, increasing access to clean, affordable, reliable and safe energy, and paving the way towards a thriving sustainable economy.
Minister of Energy and Infrastructure
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The Middle East region is expected to see significant growth in renewable energy, with Arab countries aiming to triple their renewable energy capacity by 2030.

Title:

Content: Sunday, 24 September 2023 02: 03 GMT
2030 Arab Goal to Advance Renewable Energy Capabilities Globally
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Several Arab countries are accelerating to keep pace with the international aspiration to achieve the goal of tripling global renewable energy capacity by 2030, which is receiving widespread attention, amid various plans and strategies at national levels in many countries.
The Arab countries that are likely to play the largest role in this regard, according to industry experts, are the UAE, Saudi Arabia, Oman, Kuwait, Egypt, Jordan, Algeria and Morocco, by injecting more investments into this vital and promising sector.
During the recent G20 summit in New Delhi in September, G20 leaders expressed their support for all efforts to increase renewable energy capacity and pledged to accelerate measures to address environmental crises and challenges.
With this growing international interest in the energy transition, the plans are facing many challenges, including (but not limited to) access to finance, especially for low- and middle-income countries, with significant investment required over the coming years.
(Al-Bayan), a group of American academics and specialists in the renewable energy sector were surveyed about the main opportunities and challenges on the way to increase the desired capacity, the investments required to achieve that goal, and the extent of its expected environmental and economic repercussions.
Huge spikes.
Achieving the ambitious goal of doubling global renewable energy capacity in the near term will be reflected concretely in several contexts, explains Gregory Nemet, a specialist in the analysis of international energy systems and environmental policies at the University of Wisconsin. By 2030, it will deliver significant benefits in terms of jobs, economic development, and improved air quality, as well as putting the world on the path to addressing climate change in the long term.
“The costs of renewable energy, especially solar and wind, have dropped dramatically over the last 10 years, and most experts expect them to continue to fall, ” says Nemet, explaining that a clean, affordable source of energy creates huge opportunities, allowing global renewable energy capacity to be tripled by taking full advantage of it.
According to Nemet, the 3-fold increase also presents challenges, such as “access to finance for low- and middle-income countries, and investments in electricity grids to accommodate this growth ”, stressing that“ challenges can be overcome through sustained efforts and supportive policies, as we have seen many examples in the recent past. ” A sign of broad international cooperation is required in this regard.
Last year, renewable energy capacity (globally) increased by 9.6 percent to 3,372 gigawatts, an increase of a record 295 gigawatts, despite global uncertainty in light of geopolitical developments and the Ukrainian war, according to data published by the International Renewable Energy Agency (IRENA) on March 22.
Almost half of the new capacity from renewable energy in Asia has been added, with China contributing more than 141 gigawatts to the new capacity of the entire continent.
Renewable energy sources in Europe and the United States grew by 57.3 gigawatts and 29.1 gigawatts respectively.
African capacity increased slightly by 2.7 gigawatts.
According to IRENA data, although hydropower accounts for the largest share of total global renewable energy capacity at 1,250 gigawatts, solar and wind power continue to dominate new capacity, contributing 90% of total capacity last year.
Solar capacity came first with an increase of 22%, followed by wind power with an increase of 9%.
Policies and Incentives
University of Massachusetts academic David Turcotte, whose research interests include climate change and environmental justice, believes that there are many opportunities in the context of increasing global renewable energy capacity, due to increases in oil prices as a result of the Ukrainian crisis, which makes renewable energy sources more cost-effective, as well as worsening economic and human costs. Recurrent, more severe climate change disasters.
“Many developed countries have expanded policies and incentives to encourage increased capacity to produce renewable energy.
However, we still face a lot of challenges […]
That threatens to derail efforts to increase renewable energy capacity, and the transition to a clean energy economy.
Among these challenges is the lack of adequate funding to support increases in renewable energy capacity in developing countries, a challenge he described as “serious. ”
While international efforts are accelerating to target investments in the context of increasing global renewable energy capacity, those investments are still below the 1.5 ° C target.
This is shown by data from IRENA and the Climate Policy Initiative (CPI) released in February, which estimate the total volume of investments in renewable energy sectors during 2022 at $499 billion, up from $430 billion in the previous year 2021.
Developments in the world over the past year, especially with the start of the Russian military operation in Ukraine in February 2022, have also encouraged many countries to move more towards renewable energy sources, to overcome the energy crisis caused by the consequences of the war, in the interest of the desired goal of increasing capacity.
Required investments
John Hall, Professor of Mechanical Engineering at the Center for Energy Production and Infrastructure, University of North Carolina, United States, notes that “the goal of tripling global renewable energy capacity by 2030 is a challenge, and achieving the goal requires an intensive global strategy, focused on significant financial investment, technological innovation targeting these communities, inclusive policies, and collaborative efforts. ”
Speaking with Al-Bayan, he stressed that community participation and infrastructure development in underserved areas should be central to the strategy, leading not only to the promotion of the energy transition, but also to economic upgrading.
The International Renewable Energy Agency (IRENA) estimates that $4 trillion per year will be required in the clean energy sector until 2030 to strengthen global capacity in this regard.
Logistical challenges
Warren Mabey, an academic at Queen ’ s University who specialises in energy policy and natural resource management, told Al Bayan that “it is technically possible to triple global renewable energy capacity over the next six years, and this will put enormous pressure on the global supply chains that support the sector. and manufactured goods, necessary for the transformation process).
Mabe believes that “the cost will be enormous, and the logistical challenge may be too great to overcome ”, stressing the need for“ strong and consistent leadership from countries around the world to achieve this. ”
Arabic Steps
At the Arab level, five Arab countries (Egypt, Morocco, Oman, Saudi Arabia and the United Arab Emirates) are expected to account for about 72% of the region ’ s total growth in renewable energy, according to the Organization of Arab Petroleum Exporting Countries (OAPEC), which expects renewable energy capacity to reach 45 gigawatts by 2027, an increase of 3 times. Compared to the last five years.
The International Renewable Energy Agency (IRENA) estimates that in 2022, the Middle East saw the highest increase in renewables ever, with 3.2 gigawatts of new capacity added last year, a 12.8 percent increase over the previous year.
According to the Arab Renewable Energy Authority (AREA), the volume of investments by Arab countries in renewable energy projects is expected to reach $1 trillion by 2040, in light of the interest of Arab governments in this file, to achieve global environmental goals.
A Great Leap in 10 Years
According to the current data, the renewable energy sector in the region is expected to witness a huge leap in the next 10 years, at a time when eight Arab countries are leading this trend, according to the researcher in international relations and political economy, Abu Bakr al-Deeb, adviser to the Arab Center for Studies and Research, who tells Al-Bayan that the countries strongly candidate to move in this direction are:, Kuwait, Egypt, Jordan, Algeria and Morocco).
Aldeeb also cites the volume of electricity generated from renewable sources in the Middle East and Arab countries, which is expected to increase six-fold in 10 years through heavy reliance on solar photovoltaic energy, noting that the Arab region has “great potential ” to help launch major projects to produce energy from the sun. And wind, among these possibilities or advantages (the right climate, the bright sun most days of the year, as well as human expertise, and financial capabilities also for some countries).
The UAE is at the top of the list of Arab countries that produce electricity from solar energy, while Egypt is the largest country in the Arab world in terms of electricity production from wind energy, according to a report issued by (Global Energy Monitor), which Al-Deeb cites when explaining the progress made by some Arab countries in this sector, The UAE, Egypt, Jordan and Morocco are among the first Arab countries to establish solar and wind power plants.
According to the report, renewable power plant projects for Arab countries are likely to achieve 92% of the region ’ s total target by 2030 when completed.
One of the most reliable projects in this regard is the Green Hydrogen projects, through which the Middle East is seeking global leadership, with export revenues likely to reach $200 billion by 2050 for the Gulf countries, according to a study by Dii Desert Energy.
In this context, Al-Deeb notes the abundance of renewable energy resources, clean hydrogen, human expertise, capital, and their geographical proximity to the European market, all of which provide them with important and growing opportunities.
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The region has numerous renewable energy projects, including the Benban Solar Park in Egypt, which has a capacity of 1,800 megawatts and is valued at $4 billion.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Economy: Benban and the Gulf of Suez are among the largest renewable energy projects
Economic Middle East magazine, which specializes in economics and energy, said that the Benban solar park and the Gulf of Suez wind project in Egypt are considered among the largest renewable energy projects in the Middle East.
Renewable Energy Projects in the Middle East
The Middle East has long relied on oil and gas, not only for revenue but also for power generation, but in the past years, the region has positioned itself as a leader in the renewable energy sector, boasting numerous renewable energy projects.
From 2023 to 2028, Mordor Intelligence expects the renewable energy market in the Middle East to grow by 13.43% annually.
The Arab Clean Energy Initiative was launched by the International Renewable Energy Agency (IRENA), and during the Arab Economic and Social Development Summit of 2013, the League of Arab States adopted the initiative, with leaders pledging to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.
Benban Solar Park
Located in Aswan, Egypt with a capacity of 1,800 megawatts, Benban Solar Park is valued at $4 billion and includes 41 solar power plants, one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels, this initiative is a component of Egypt ’ s Renewable Energy Feed Tariff (FiT) program, which was unveiled in September 2014.
Gulf of Suez Wind Power Project
In November last year, ACWA Power and the Sovereign Fund of Egypt (TSFE) signed a memorandum of understanding, and together they will invest in a 1100 MW wind power project in Jebel Zeit and the Gulf of Suez. The project is one of the largest onshore wind farms in the world, and aims to provide power to more than one million households and reduce annual CO2 emissions by 2.4 million tons.

The Benban Solar Park spans 37 square kilometers and includes 41 solar power plants, making it one of the largest solar parks in the world.

The Middle East renewable energy market is expected to grow 13.43% annually from 2023 to 2028, driven by government incentives and investments in solar and wind energy.

The UAE is a leader in renewable energy in the region, with investments in solar and renewable energy contributing to the expansion of the green economy.

Title:

Content: UAE Investments in Renewable Energy Contribute to Green Economy Expansion
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Dr. Fahid Reduyarani, Assistant Professor at the Faculty of Engineering and Physical Sciences at Heriot-Watt University Dubai, said that investments in renewable energy and sustainable technologies in the UAE have contributed significantly to the expansion of the green economy sector, pointing out that the country is committed to becoming a global hub and benchmark for the green economy through projects such as green economy for sustainable development.
The term “green economy ” represents a major shift in economic growth and our approach to environmental stewardship.
According to the United Nations, green economy practices could generate up to 24 million new jobs worldwide by 2030.
The idea has gained widespread popularity around the world, with various industries and initiatives focusing on sustainability and environmental responsibility, balancing economic development and global well-being.
He added that the UAE Vision 2021 National Agenda recognizes the importance of improving air quality, ensuring sustainable water use, promoting clean energy and integrating sustainable development strategies across all government sectors.
The government ’ s dedication to guiding this nation towards a green and sustainable future has been further highlighted in its Green Agenda 2030.
Different Sectors
Progress in renewable energy can be demonstrated by the Noor Abu Dhabi solar power plant, among other examples where the UAE is making steady strides.
In 2023, changes were made to the UAE ’ s National Energy Strategy, which included new targets such as creating 50,000 new green jobs and tripling its current renewable energy capacity by 2030.
By 2031, the UAE is committed to increasing the share of renewable energy in the world by a total of about 30%.
In the field of green construction, the UAE ’ s initiatives, exemplified by projects such as the Sustainable City in Dubai, have confirmed the country ’ s commitment to environmentally friendly construction practices and sustainable urban development.
This was a proactive step as it enabled the UAE government to adopt green building and sustainable construction standards in 2010, thus saving AED 10 billion by 2030 and reducing carbon emissions by 30%.
Entrepreneurship Opportunities
Razouyarani took a look at the different industries in which startups and entrepreneurs can find opportunities. In the field of renewable energy, the UAE has made significant investments, including solar and wind, which provide a rich source of entrepreneurship.
Projects may take the form of innovative solar technologies, energy storage solutions for renewable energy sources, or wind energy projects.
In the field of sustainable construction, startups can specialize in sustainable architecture, green building materials, and energy-efficient building solutions with a growing focus on sustainable infrastructure.
In the field of water management and given the challenges of water scarcity in the UAE, effective water conservation and management is critical.
Entrepreneurs can explore areas such as desalination, wastewater treatment, and water-saving technologies.
In the field of electric vehicles, the UAE government is actively promoting electric vehicles, making the sector a promising avenue for start-ups.
Potential initiatives include the development of electric vehicle charging infrastructure, electric vehicle technology, and related services.
Waste reduction and recycling are also priorities for the UAE, and these projects should include waste-to-energy projects, such as recycling technologies and sustainable waste management solutions.
Startups seeking to pioneer carbon offsetting technologies, improve resource efficiency, or promote a green environment could target this area.
Agriculture in the UAE is facing challenges due to arid climatic conditions.
Some of the opportunities available to Agtech include vertical farming, hydroponics, and sustainable farming practices, among others practiced by startups.
Sustainable financing
Radhuyarani said that sustainable financing and other forms of green investment opportunities have seen significant growth within the UAE.
For example, entrepreneurs can create platforms for green investments, develop sustainable banking solutions, or even provide environmental, social and governance advisory services.
In the context of ongoing smart city projects in the UAE, it can provide smart city solutions that include IoT technologies, data analytics, and urban planning tools, among others, through entrepreneurship.
Collaboration with local research institutions and universities enables the development of green technologies and solutions and access to government grants and incentives.
Rezhuyarani concluded by saying that the UAE ’ s green economy offers abundant opportunities for entrepreneurs and investors.
By leveraging the country ’ s dedication to sustainability, drawing insights from global models, and directing efforts towards sectors such as renewable energy, green construction, and sustainable agriculture, individuals and businesses can make significant contributions to local and global green initiatives while enjoying significant economic gains.
The UAE ’ s remarkable journey towards sustainability demonstrates the ability of environmental awareness to boost economic prosperity, and inspires entrepreneurs to actively participate in shaping a greener future.
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The UAE aims to create 50,000 new green jobs by 2030 and increase its renewable energy share by 30% by 2031.

The country has also adopted green building standards and promotes electric vehicles, which is expected to reduce carbon emissions by 30%.

Egypt's solar FIT program is expected to attract $2 billion in investments and create temporary and long-term jobs, with 11 solar plants to be built with a combined capacity of 500 megawatts.

Title:

Content: $635mn investment approved to build and operate 11 solar plants in Egypt

By James Henderson
The Board of Executive Directors of IFC, a member of the World Bank Group, has approved an investment of $635mn that will help construct, ope...

The Board of Executive Directors of IFC, a member of the World Bank Group, has approved an investment of $635mn that will help construct, operate and maintain up to 11 solar power plants in Egypt.

The combined capacity of the plants amount to 500 megawatts, and will be one of the largest private foreign direct investments in the country’s power sector in recent years.

Part of Egypt's landmark solar Feed-In Tariff (FIT) program, the $730mn project in Benban, near Aswan, aims to mobilise private investment to build the world's largest solar photovoltaic generation park, harnessing the country’s vast solar resources.

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As well as helping to spur economic growth, the project will help drive the local economy, including the creation of temporary and long-term jobs and help reduce greenhouse gas emissions

“This landmark investment demonstrates that when you have the right reform policies, and a government willing to allow greater involvement by the private sector, you can attract investors in every sector, including infrastructure,” said Mouayed Makhlouf, IFC Director for the Middle East and North Africa.

“Investments like these are the nucleus for economic growth, which is needed in Egypt.”

Egypt’s solar FIT program, which includes projects financed by other institutions like the European Bank for Reconstruction and Development and Proparco, is expected to be one of the largest foreign direct investments in years, attracting investments of up to $2bn.

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The investments in renewable energy in the Middle East are expected to contribute to economic diversification, with the region aiming to reduce its dependence on oil and gas.

The UAE has invested Dh600 billion in clean energy projects over three decades and aims to achieve net zero emissions by 2050.

Saudi Arabia targets carbon neutrality by 2060, while Egypt aims for 42% renewable electricity mix by 2035.

The renewable energy sector in the Middle East is expected to drive economic diversification, with huge capital demand and talent training being major concerns.

Title:

Content: Contribution ｜ Explore Hong Kong ’ s role and opportunities in the development of renewable energy in the Middle East
Author: 01 More Voices
Published: Updated:
In recent years, Hong Kong has actively promoted the development of renewable energy and launched a number of related products in the financial market.
In addition, more and more Hong Kong enterprises have also started to participate in the development of this industry, especially in the financial market, and launched a number of financial products to support the development of renewable energy.
At the same time, many countries in the Middle East, such as the United Arab Emirates, Jordan, Saudi Arabia, Oman and Turkey, are also actively engaged in various large-scale projects to promote the development of renewable energy, and expect to see a different energy mix and economic development model in 2030 or 2050.
For Hong Kong, China and other countries, the development opportunities of the Middle East market cannot be ignored, and Hong Kong ’ s participation in this area cannot be underestimated.
Submitted by: Kwong Cheuk-wui
Recently, I had the opportunity to participate in several seminars on economic and energy development in the Middle East, and have in-depth exchanges with government representatives in charge of foreign affairs and trade from various Middle Eastern countries and Azerbaijan.
These exchange experiences provide the author with a wealth of insight.
After many in-depth talks, to understand the interest and momentum of the development of renewable energy in many countries in the Middle East, the author synthesized the information from various parties and came to the following insights: The reason why the major oil producers in the Middle East are actively developing renewable energy is to achieve economic diversification and get rid of dependence on oil and related industries.
They hope to turn the country ’ s surplus renewable energy into new, dependable foreign revenues (i.e., revenues generated from natural resource exports; “Rents ”) through innovative technologies.
For other non-oil producing countries, they want to achieve economic sustainability through the development of renewable energy, reduce dependence on traditional fossil fuels or electricity imports, and convert renewable energy into new external rental income to boost the country ’ s economic development.
From this, it can be seen that the Middle East countries are very concerned about the development of renewable energy, but also hope to complete the energy transformation as soon as possible, and look forward to renewable energy can produce more and greater economic benefits, create new dependent income, promote economic diversification and modernization, but also benefit thousands of people.
As a result, many countries in the Middle East have invested heavily in and promoted energy transformation and clean energy development.
Although many countries have made extraordinary achievements in driving renewable energy development, they also face many challenges.
Jordan, for example, has a wealth of renewable energy resources, including solar, wind, geothermal and bioenergy, as well as state-of-the-art renewable energy laws, regulatory mechanisms and development frameworks.
Earlier this year, Jordan successfully achieved its national roadmap, originally set for 2030, with renewable energy accounting for 31% of total energy.
The Jordanian government also plans to increase this target to 50%, and is committed to building the country into a regional renewable energy development center and exporting environmentally friendly power to neighboring countries to increase the country ’ s foreign revenue.
However, like other Middle Eastern countries, Jordan faces a host of challenges.
These challenges include lagging energy infrastructure, imperfect grid planning, an over-concentration of resources on solar and wind with less focus on geothermal energy, and a lack of energy storage systems and foreign investment.
In addition, there is the debt problem of the national power company.
These difficulties not only affect Jordan ’ s progress in developing renewable energy, but also act as a barrier to modernizing and diversifying the country ’ s economy.
Some Jordanian officials and scholars are concerned about whether the development of renewable energy is progressing as expected.
They are concerned that if the development of renewable energy and its core economic development model are not carried out smoothly, or if the newly set targets are not successfully achieved, the country ’ s economic sustainability will be adversely affected.
At the same time, it can undermine the credibility and governance of the government.
In particular, those political forces that have been opposed to the use of renewable energy to promote economic development and diversification may take the opportunity to launch opposition actions, further endangering the political stability and regional security of the country and the Middle East as a whole.
It is worth noting that these challenges are not only in Jordan, but also in Middle Eastern countries such as Morocco and Egypt.
Other countries such as the United Arab Emirates, Oman, Saudi Arabia and Qatar have also made great efforts to develop solar and wind power in recent years, but in addition to the above concerns and challenges, there are also concerns that the development of renewable energy will have some impact on the high dependence of these countries ’ economies on oil and gas markets, which may affect existing incomes and lead to economic and social instability.
Other factors include the huge demand for capital, the need for foreign technology and talents, the need for talent training, economic feasibility, etc. These are also issues of concern to the officials of these Middle Eastern countries.
These challenges are in fact a valuable development opportunity for Hong Kong.
The key is to make good use of our strengths, especially in the Belt and Road Initiative, to work with the Middle East countries to promote renewable energy and green economy development.
This not only helps these countries diversify their economies, but also creates development opportunities for Hong Kong businesses and governments, and indirectly promotes the development of other industries.
I suggest that Hong Kong can establish cooperation platforms and channels of communication with transnational organizations in the Middle East and North Africa, such as the Arab Parliamentary Union, the Gulf Cooperation Council, the Turkic Parliament and the Arab Maghreb Union.
Such a platform could be used to explore free trade agreements and to help Middle Eastern countries provide services such as finance, advisory, legal, education or training, and energy infrastructure.
This will not only help Hong Kong consolidate its leading position in the professional services sector and the financial sector, but will also directly or indirectly create many development opportunities, especially in Islamic finance.
Finally, Hong Kong can consider providing financial support to the Middle East countries by assisting in the issuance of Islamic financial bonds to promote the development of renewable energy, and can also take the opportunity to develop Islamic finance in Hong Kong as a new financial center outside the Islamic world.
Of course, Hong Kong should not only cooperate with major countries such as Saudi Arabia and the United Arab Emirates or the above-mentioned multinational organizations and platforms, but also consider other regions with development potential and worthy of investment, such as Turkey, Azerbaijan, Morocco, etc.
This diverse collaboration will help Hong Kong expand its international presence and contribute to global sustainability in the renewable energy sector.
The author, Mr Kwong Cheuk-rui, is the Executive Director of the Hong Kong Group of Ideas, a Master of Arts from the Australian National University, and has worked at the Australian Institute of International Affairs.
The article is only the opinion of the author and does not represent the position of Hong Kong 01.
Please email us at 01view @ hk01.com.
Please attach the author ’ s real name and contact details.
If not applicable, without prior notice.

The region is expected to play a pivotal role in the global energy transition, with MENA to be the source of 10 to 20 percent of the global hydrogen market by 2050.

Title:

Content: Global News
The World Today - A pivotal and promising role for the countries of the region in the transition to renewable energy
You are now following the news of a pivotal and promising role waiting for the countries of the region in the transition to renewable energy from the news section of the world and now we leave you with full details
MARCH 3, 2023 02: 16 AM - The Middle East and North Africa (MENA) region has always played a pivotal role in the oil and gas markets, but this role will not stop if the world decides to move to low-emission sources of energy.
According to APRICORP, renewable energy investments are expected to account for 34 percent of electricity investment in the Middle East and North Africa between 2022 and 2026.
According to McKinsey & Company, the Middle East and North Africa receives 22 to 26 percent of the solar radiation energy on Earth, due to its geographical location.
Solar energy is not the only thing that distinguishes the region, as countries in this region are likely to be the source of 10 to 20 percent of the global hydrogen market by 2050, according to Roland Berger.
Hydrogen is likely to generate annual revenues of $120 billion to $200 billion by 2050, and many countries in the region have already started projects to transport and export hydrogen to energy-consuming countries.
The region has about 10 percent of global carbon capture and storage capabilities.
Despite the many challenges that countries in the region must face in this regard, the Middle East and North Africa (MENA) region has the potential to play a pivotal role in the global energy transition.
The most prominent question about green finance comes in this promising region.
Nael Amin, senior director of financial services at Arthur D. Little, said on this week ’ s episode of Dot Gulf ’ s World of Energy program that green finance in the Middle East and North Africa, including green bonds, had reached $3.8 billion in 2020.
This amount, according to Amin, has grown significantly during the year 2022, specifically in 4 countries, Turkey, the Arab Emirates, Egypt and Saudi Arabia, due to the development in the region and increased investments in this sector, as well as providing some important requirements in this sector.
Amin explained that besides financing, the region is witnessing progress in many areas in terms of dealing with environmental factors, which is an attractive factor for investors.
Over the past two years, banks have significantly increased their legislation in this area, as each of the Gulf countries has implemented the necessary standards and requirements to support the business environment in the field of green energy.
There are challenges, according to Amin, the most prominent of which is the data challenge, as he pointed out that banks are approaching the activities of customers to know the necessary data on funded projects, for example, in the case of financing the construction of a building, you must know the amount of energy that will be consumed by this building.
The Gulf States are working and collaborating with each other to understand the framework that must be adopted to develop infrastructure in the field of renewable energy and promote sustainability, which will positively impact and support green investment in general in the region.
We hope that we have succeeded in conveying the full details of a pivotal and promising role that awaits the countries of the region in the transition to renewable energy.
In God ’ s care and protection.
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Hydrogen is expected to generate $120 billion to $200 billion in annual revenues by 2050, with green finance in MENA reaching $3.8 billion in 2020.

The Gulf countries have implemented standards to support green energy investments, with banks increasing legislation to support the green energy business environment.

Saudi Arabia aims to produce 50% of its electricity through renewable energy by 2030, with the Kingdom's renewable energy projects aiming to reduce oil consumption and emissions.

Title:

Content: ECONOMY
12 objectives for renewable energy projects in the Kingdom, the most prominent of which is to strengthen international participation in addressing climate
Thank you for reading the news of 12 objectives of renewable energy projects in the Kingdom, most notably the promotion of international participation in addressing the climate and we assure you that we always seek to satisfy you and now with the details
- By Ayman Al-Weshwash - Shurion and economists stressed that the launch of the Sakaka solar project and the signing of seven new agreements for alternative energy comes to enhance the added value and investment of available resources and reduce the use of oil locally, stressing that stopping waste in the use of oil as a generator of energy is one of the most important incentives for renewable energy projects. The Kingdom ’ s position in reducing emissions as well as strengthening its position in this evolving industry.
During the launch of the Dumat Al Jandal solar project and the signing of seven new agreements in alternative energy, Minister of Energy Prince Abdulaziz bin Salman pointed out that the projects aim to strengthen the Kingdom ’ s position in the field of producing and exporting electricity using renewable energy and seeking to deliver electricity to other countries.
Saudi Arabia participated in the United Nations Conference on Climate Change 2021, in its version (COP26), which concluded last Friday, where it kicked off in Glasgow on October 31 and lasted until November 12.
The Kingdom ’ s participation confirms the importance it attaches to the file of climate change and environmental protection, in line with the transformation program planned by Vision 2030.
Optimum Formation
Member of the Shura Council Fadl Al-Buainain pointed out that the Kingdom ’ s Vision 2030 has made the production of energy from renewable sources among its main objectives and has committed to producing approximately 9.5 gigawatts by 2030.
The target was later adjusted to meet the strategic and environmental requirements and the optimal configuration of the energy mix as the Kingdom aims to produce 50% of its electricity through renewable energy by 2030, a goal that the government seeks to achieve through its ambitious projects and legislation related to investment in the renewable energy sector in particular.
Al-Buainain stressed that the protection of the environment and active participation in addressing the climate crisis are among the reasons that motivated the Kingdom to expand the goal of producing electricity from alternative, sustainable and environmentally friendly sources.
Sustainability of demand
“The sustainability of demand is one of the most important factors that affect the feasibility studies of investment projects and the decisive decision, so the signing of energy purchase agreements for seven new projects is one of the incentives for major investments in renewable energy projects, especially as it achieves double gains, the first is encouraging investors to invest in the energy sector, and the second is achieving financial returns, especially since the cost of buying electricity will be very low compared to the tariff. ”
Al-Buainain said that one of the gains achieved is the global competitiveness of Saudi companies, including ACWA Power, which established renewable energy projects in the Kingdom and abroad, which is an achievement for the Saudi business sector and major transcontinental companies.
He pointed out that the competitiveness of the renewable energy sector contributed to reducing the cost of buying electricity from the Shuaiba project by 1.04 US cents per kilowatt hour, which is the lowest in the world, which will reflect positively on the development and expansion of the industry.
Catalytic shock.
Saleh Al-Afaleq, a former member of the Finance Committee of the Shura Council, said: “We cannot talk about new projects without mentioning the shocking report that was issued about five years ago, which indicated that the Kingdom will consume all the oil it produces in the generation of electricity, if it does not change the equation by taking advantage of alternative energy sources, which are widely available throughout the year in the field of solar energy in various regions of the Kingdom and in the northern region. ” levels. ”
He added, “A clear strategy has been developed since then and renewed with the Kingdom ’ s Vision 2030, and the Crown Prince ’ s recent announcement of the role and responsibility of the Kingdom in protecting the environment, whether through“ Green Saudi Arabia ” or “Green Middle East ”.
I need all the power.
Al-Afaleq pointed out that he does not believe that the state aims in the near term to export electricity, given the urgent need for all the energy produced for housing, factory management, economic projects and the life cycle in general, but it will continue to exchange electricity with neighboring countries, as the peak times in the Kingdom are in the afternoon and in other countries at night.
Citizen Participation
Shura Council member Dr. Turki Al-Enezi stressed that the future of our country is in providing cheaper energy for many large projects that need high quantities and reliability in providing energy, pointing out that the Kingdom was a pioneer in this vital field in which the citizen participated alongside the state. The state provides more energy.
Prominent demand
Hussam Al-Rahim, a former member of the Industrial Committee of the Eastern Chamber, said that the provision of renewable alternative energy has been an important demand over the past decades due to the high costs generated by oil and the presence of sunlight, especially throughout the year in the Kingdom without benefiting from it properly, pointing out that the dual benefits of alternative energy projects provide huge job and investment opportunities.
Emission reduction
For his part, Rakan Al-Atishan, Vice Chairman of the Logistics Committee of the Council of Saudi Chambers, said: “Such pioneering projects confirm the Kingdom ’ s leading role in reducing carbon emissions and contributing to the transition to renewable energy as well as providing clean energy, pointing out that the announcement of the provision of energy for 600,000 housing units after the completion of the projects confirms the feasibility of investment. ”
He pointed out that the projects will have an important role in facing the challenges of low energy reliability, stressing that Saudi Arabia will be able to export after the completion of projects and the entry of other projects in the future as well as other countries.
4 Axles
The Dean of the Institute of Consulting Studies and Services at Imam Abdulrahman bin Faisal University in Dammam, Dr. Abdulkarim Al-Hawish, said that the announced projects represent the heart of sustainable development and a clean environment, and are one of the strategic options to diversify the economic base away from oil and its derivatives, while conserving the environment and reducing harmful emissions.
He pointed out that the new projects need skills of another type, pointing out that there are four main axes of projects, first: diversifying and developing the Saudi labor market, second: protecting the environment from emissions that affect the climate, third raising self-revenues from energy at cheap prices, and finally maximizing the use of the quantities of oil burned to save energy, by converting them to the production of petrochemicals and petroleum derivatives.
• Fulfilling the Kingdom ’ s international commitments to reduce harmful emissions and its participation in addressing the climate
• Increase the volume of locally generated power to keep pace with demand growth
• Reduce the consumption of oil in electricity production because of its high costs
• Efficient investment of available resources
• Establishing a new national industrial sector capable of creating job and investment opportunities
• Benefit from the development of special skills required by the alternative energy industry
• Preservation
• on human health and environmental safety by reducing harmful emissions
• Optimize the use of alternative energy sources, especially solar energy
• Affirming the Kingdom ’ s leading role as an influential country within the G20
• Promote sustainable and balanced development between regions and create economic clusters
• Transforming the Kingdom into a future energy source by taking advantage of the existing potential
• Expanding the establishment of alternative energy production companies after their usefulness in supporting the national economy has been confirmed.
These were the details of the news of 12 objectives of renewable energy projects in the Kingdom, most notably the promotion of international participation in addressing the climate for this day, we hope that we have succeeded by giving you full details and information and to follow all our news you can subscribe to the alerts system or in one of our different systems to provide you with all that is new.
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The cost of buying electricity from renewable sources is very low, making it an attractive option for countries in the region.

The renewable energy projects in the Middle East are expected to contribute to economic diversification and local development, with the creation of new job and investment opportunities.

The Arab countries have increased their renewable energy capacity by 57% recently, with Egypt, Saudi Arabia, Oman, and Morocco leading the growth.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Economist: Egypt is linked to 2030 strategy and will be an energy hub
Dr. Walid Jaballah, an economist, said that the Arab countries ’ increase in renewable energy capacity by 57% is a medium increase and is concentrated in Egypt, Saudi Arabia, Oman and Morocco.
During a telephone interview with Extra News, Jaballah said that these countries are taking the approach of economic diversification in the Gulf, Egypt and Morocco, while other Arab countries are still not concerned with this file and are suffering from problems related to exporting the necessary financing in order to move to the path of renewable energy.
He added that Egypt is linked to its 2030 strategy and to be a regional energy hub with real projects on the ground, where he issued a solar power plant in Biban and wind power plants on the Red Sea coast.
The expert pointed out that Egypt, Saudi Arabia, the UAE, Oman and Morocco account for more than 72% of the total renewable energy growth in the MENA region until 2027.

These countries are focusing on economic diversification and energy hub creation, with Egypt aiming to be a regional energy hub by 2030.

The region expects significant renewable energy growth by 2027, with solar and wind power being the main drivers of this growth.

The solar energy projects and investments in the Middle East are expected to create 44,000 jobs from green hydrogen projects.

The investments in renewable energy are expected to reach $4 billion, with 15,800 megawatts of renewable energy expected by 2025.

The region is expected to reach 68,500 MW of renewable energy by 2030, with 50% of national electricity coming from renewable energy by 2040.

The solar power plants in the region are expected to produce 29,784 GWh of clean energy annually, reducing 14 million tons of carbon dioxide emissions.

The green hydrogen projects are expected to generate $200 billion in export revenues by 2050, making it a significant contributor to the regional economy.

The Middle East is witnessing a significant energy transition, with several countries investing heavily in solar energy as part of their strategies to reduce dependence on oil and achieve climate goals.

Title:

Content: Dubai Electricity Projects Support UAE Climate Neutrality Goals
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Dubai Electricity and Water Authority (DEWA) has established itself as a pillar of the UAE ’ s ambitious drive to achieve carbon neutrality by 2050.
Under the visionary guidance of the wise leadership, the Authority has launched several pioneering projects and initiatives, which reflect its firm commitment to the principles of sustainability and innovation.
The Mohammed bin Rashid Al Maktoum Solar Park, the world ’ s largest single-site solar park under the Independent Energy Producer (IPP) system, is a key part of DEWA ’ s sustainability strategy as well as its key role in the Dubai Clean Energy Strategy.
The complex will have a production capacity of more than 5,000 megawatts by 2030, with a total investment of more than AED 50 billion.
With its current capacity of 2,860 megawatts, the park contributes significantly to achieving the Dubai Clean Energy Strategy 2050 and Dubai ’ s Carbon Neutrality Strategy 2050, to provide 100% of energy capacity from clean energy sources by 2050.
Green Hydrogen
In addition to the advancement of solar projects, DEWA is also playing a leading role in the production of green hydrogen, having implemented the Green Hydrogen Project at the Mohammed bin Rashid Al Maktoum Solar Park, the first of its kind in the Middle East and North Africa to produce hydrogen using solar energy.
The pilot plant was designed and built to be able to accommodate future applications and test platforms for various uses of hydrogen, including electricity production and mobility.
In addition to the Authority ’ s innovative projects, the hydroelectric station in Hatta, with stored hydropower technology, which is the first of its kind in the Arabian Gulf region.
The plant will improve energy storage efficiency and respond quickly to electricity demand, with a capacity of 250 megawatts and a storage capacity of 1,500 megawatt hours.
This project, along with DEWA ’ s various renewable energy projects, reflects DEWA ’ s leading role in supporting the UAE ’ s energy transition.
DEWA ’ s commitment to sustainability is not limited to energy production projects, as it has implemented several initiatives aimed at enhancing desalination efficiency and reducing carbon emissions, and has succeeded in enhancing the efficiency of water production processes through the adoption of reverse osmosis desalination technology.
In this context, the Authority ’ s efforts have led to raising the fuel efficiency of the main production units to about 90%, which is one of the best in the world.
DEWA ’ s innovative projects and initiatives continue to deliver outstanding results that support its sustainability vision.
Brand Finance ’ s latest report highlighted TRA ’ s achievements in this area, confirming that it has been ranked first in the UAE in sustainability, as well as ranked first among UAE service organizations in the overall brand value.
These achievements reflect DEWA ’ s strong presence in the market and its commitment to excellence and sustainability.
The report added that the value of the Authority ’ s brand has increased by 3% since its launch on the Dubai Financial Market.
Strategic initiatives
DEWA ’ s strategic initiatives come in line with the UAE ’ s objectives in the field of sustainability, and by employing advanced technologies and sustainable practices, DEWA contributes significantly to achieving the economic and environmental objectives of the Emirate of Dubai, as well as being a model for service institutions worldwide.
DEWA continues to adopt a proactive approach to clean energy and innovative solutions, underscoring its commitment to building a sustainable future and strengthening Dubai ’ s position as a global leader in the transition to a green economy.
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Mohammed bin Rashid Al Maktoum Solar Park in Dubai has a production capacity of 5,000 megawatts by 2030, with a total investment of over AED 50 billion.

The current capacity of the park is 2,860 megawatts, and it aims to provide 100% energy from clean sources by 2050.

The Green Hydrogen Project in Dubai produces hydrogen using solar energy, and the city aims to achieve full carbon neutrality by 2050.

Oman's Ibri Solar PV Project has an installed capacity of 607 MW, generating 1,598 GWh of power annually and reducing carbon emissions by 340,000 tons per year.

The project covers the electricity consumption of 50,000 local households and has set new standards for power plant operation in the Middle East.

DEWA, Dubai's electricity and water authority, has been ranked first globally in 10 key performance indicators and aims to achieve 100% clean energy production by 2050.

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Content: DEWA briefs Dominican delegation on its sustainable initiatives
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Dubai Electricity and Water Authority (DEWA) received a high-level delegation from the Dominican Republic, headed by Rafael Orlando Gómez del Judes, Deputy Minister of Energy, to learn about DEWA ’ s pioneering projects and initiatives in the field of clean, renewable and sustainable energy, as well as its best practices and international experiences.
According to a study conducted last year by a specialized global consultant, the Authority ranked first globally in more than 10 key performance indicators in its field.
H.E. Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of TRA, said: “We are pleased to share our successful experiences and experiences with private and government entities and institutions from various friendly countries, and to strengthen cooperation and joint action to ensure a more sustainable and green future for all. ”
He added: “The growing global interest in DEWA ’ s projects and initiatives reflects the strides we have made to accelerate the energy transition and achieve a green economy, in line with the UAE ’ s Strategic Climate Neutrality Initiative 2050, Dubai Clean Energy Strategy 2050 and Dubai ’ s Carbon Neutrality Strategy 2050 to provide 100% of energy production capacity from clean energy sources by 2050. ”
During the visit, the delegation toured the Mohammed bin Rashid Al Maktoum Solar Park, the world ’ s largest single-site solar park under the Independent Energy Producer (IPP) system, which will have a production capacity of more than 5,000 megawatts by 2030.
The delegation was closely acquainted with the Green Hydrogen project, which was implemented by the Authority at the complex, and is the first of its kind in the Middle East and North Africa region to produce hydrogen using solar energy.
During their visit to DEWA ’ s Innovation Centre, Dr. Aisha Al Nuaimi, Director of DEWA ’ s Innovation Centre, accompanied the delegation in the Innovation Centre ’ s exhibition area, which includes more than 30 interactive displays on the most important historical inventions and innovations in electricity and the latest developments in renewable and sustainable energy, as well as DEWA Museum and others.
The delegation praised the Authority ’ s major projects, praising the Innovation Center, which is a global incubator for innovation in various fields of renewable and clean energy.
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The UAE has launched a Strategic Climate Neutrality Initiative 2050 and aims to provide 100% of its energy production from clean sources by 2050.

Dubai's Clean Energy Strategy 2050 and Carbon Neutrality Strategy 2050 aim to reduce carbon emissions and achieve a sustainable economy.

The Mohammed bin Rashid Al Maktoum Solar Park is the world's largest single-site solar park and will reduce carbon emissions by 6.5 million tons annually.

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Content: The UAE has announced the launch of the fourth and final phase - of a solar power project - at a cost of more than 15 billion dirhams ($4.1 billion), according to Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, quoted by the UAE News Agency (WAM) on Wednesday.
The project is expected to reduce carbon emissions by more than 1.6 million tonnes a year, Wam said.
The announcement came as the UAE is hosting the COP28 Climate Summit.
The fourth phase is the world ’ s largest solar energy storage project of up to 15 hours.
This phase will also provide clean energy to 320,000 homes.
The project is part of the Mohammed bin Rashid Al Maktoum Solar Park project, which began in October 2013.
The complex will have a production capacity of 5,000 megawatts by 2030, with a total investment of AED 50 billion.
The complex will also contribute to the reduction of more than 6.5 million tons of carbon emissions annually, according to its official website.
“Our goal is 100% of Dubai ’ s energy production capacity to come from clean sources by 2050.
Our goal is full carbon neutrality by the same year, ” Wam said, quoting Sheikh Mohammed bin Rashid.
(Prepared by: Jihan Laghmari, Contact: zawya.arabic @ lseg.com)
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The UAE's solar project provides clean energy to 320,000 homes and reduces carbon emissions by 1.6 million tons annually.

The Al Dhafra solar farm in the UAE is the largest single-point solar farm in the world, with a capacity of 2 gigawatts and reducing carbon emissions by 2.4 million tons per year.

The farm powers nearly 200,000 homes and has created 4,500 jobs at peak construction.

The UAE aims to triple its renewable energy capacity to 14 GW by 2030 and has invested heavily in solar energy projects.

The sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park has a capacity of 1,800 megawatts and will reduce 2.36 million tons of carbon emissions per year.

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Content: Dewa has chosen the best diminishing source for its implementation.
Announcement of the financial closure of the sixth phase of the Mohammed bin Rashid Solar Park
In a new milestone that promotes the use of renewable and clean energy in the UAE, Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar) have announced the financial closure of the sixth phase, with a capacity of 1,800 megawatts, of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, which will exceed 5,000 megawatts by 2030, with investments of around 50 billion dirhams.
To implement the sixth phase of the complex, Dubai Electricity and Water Authority (DEWA) has established Shuaa Energy Company 4, in partnership with Masdar, which owns 60% of the company, while Masdar owns 40%.
"The best diminutive."
Masdar, the “best bidder ” company, was selected to implement the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park with a capacity of 1800 megawatts using solar photovoltaic panels, according to the Independent Energy Product (IPP) system, at a cost of about 5.5 billion dirhams.
This phase will provide clean energy to 540,000 homes and, when completed, will reduce 2.36 million tonnes of carbon emissions per year.
The project covers an area of 20 square kilometers.
Dubai Electricity and Water Authority (DEWA) was able to secure the lowest global competitive price of 1.6215 US cents per kilowatt-hour for this phase.
Clean energy
Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said: “This achievement is in line with the directives of the wise leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The project supports the UAE ’ s 2024 Sustainability Year goals to protect and preserve the environment for future generations. ”
He added: “The Mohammed bin Rashid Al Maktoum Solar Park strengthens the UAE ’ s position as a leading global centre for clean energy and contributes to achieving the objectives of the UAE Climate Neutrality Initiative 2050, Dubai Clean Energy Strategy 2050 and Dubai Carbon Neutrality Strategy 2050 to provide 100% of energy production capacity from clean energy sources by 2050. ”
“Dubai Electricity and Water Authority (DEWA) is implementing the sixth phase of the complex in cooperation with Abu Dhabi Future Energy Company (Masdar) in accordance with the Independent Energy Product (IPP) model, using the latest bifacial solar photovoltaic (PV) technology, which allows the use of reflected sunlight on the front and back sides, with a uniaxial solar tracking system, ” Al Tayer said.
Al Tayer explained: “The production capacity of the complex currently in operation is 2,627 megawatts, and the production capacity of the projects under implementation is 2,033 megawatts.
The production capacity of the complex will increase to 4,660 MW by 2026 after the implementation of the sixth phase with a capacity of 1,800 MW.
By 2030, about 27% of Dubai ’ s total energy capacity will come from clean energy sources. ”
A long partnership.
Mohammed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “The announcement of the financial closure of the sixth phase of the project reinforces the long-standing partnership between Masdar and DEWA and supports the UAE ’ s pioneering efforts in the energy sector to develop the world ’ s largest multi-phase solar park. ”
“The UAE continues to play a leading role in providing advanced clean energy solutions that attract the interest and confidence of local and international investors, as financing plays a key role in accelerating the pace of the global energy transition, ” said Al Ramahi.
“This expansion of the Mohammed bin Rashid Al Maktoum Solar Park is a milestone in the UAE ’ s clean energy drive, and Masdar looks forward to strengthening its partnership with Dubai Electricity and Water Authority (DEWA) as we join forces to support the National Energy Strategy 2050 and the landmark UAE agreement, ” he added.
Lending Group
The lending group for the project includes Abu Dhabi Commercial, Dubai Commercial, First Abu Dhabi, HSBC, Standard Chartered, Abu Dhabi Islamic and Warba.
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The project has a lowest global competitive price of 1.6215 US cents per kilowatt-hour and will provide clean energy to 540,000 homes.

The UAE's solar

The UAE's solar