The Middle East has high solar energy potential, with several countries investing heavily in it.

The region's renewables increased by 12.8% in 2022, with solar energy accounting for 2% of its energy mix.

Arab countries, led by the UAE, Saudi Arabia, and Egypt, aim to triple their renewable energy capacity by 2030.

The UAE's photovoltaic power station can power 200,000 homes and reduce carbon emissions by 2.4 million metric tons.

The UAE aims to achieve climate neutrality by 2050 through renewable energy, including solar power.

Dubai's Mohammed bin Rashid Al Maktoum Solar Park will produce 5,000 megawatts of electricity and reduce 6.5 million tonnes of carbon emissions annually.

Egypt aims to generate 42% of its electricity from solar and wind energy by 2035.

The Benban solar complex in Egypt is one of the largest solar power plants in the world, with a capacity of 1.8 GW.

The UAE, Saudi Arabia, and other Middle Eastern countries are implementing policies to support solar energy growth through subsidies and infrastructure investments.

Egypt's Electricity Law No. 87 of 2015 offers tax and tariff exemptions to renewable energy investors.

The Renewable Energy Law and Investment Law No. 72 of 2017 promote and financially incentivize renewable energy development.

The Emirates Development Bank has launched a 100 million dirham program to finance solar energy projects with repayment terms of up to eight years.

The region is expected to receive $1 trillion in renewable energy investments by 2040.

The solar energy sector's growth in the Middle East may generate 24 million new global jobs in sustainability by 2030.

The UAE solar energy market is expected to grow 35% annually until 2029, with 150-200 billion dirhams invested in renewables by then.

The Middle East can maximize the economic benefits of solar energy growth through government incentives, infrastructure investments, and green finance development.

The Middle East has high solar energy potential, with several countries investing heavily in it.

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Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
World Future Energy Summit.
Green finance and climate change lead day 2
The second day of the World Future Energy Summit (WFES), held at the Abu Dhabi National Exhibition Centre (ADNEC) in the UAE, kicked off today.
The summit is the premier annual forum for future energy and sustainability.
The day ’ s events focused on green finance, with Boris Johnson, the former Prime Minister of the United Kingdom, stressing the urgency of correcting climate change and thinking outside the box, and providing inspiring views on the obstacles to investing in renewable energy and ways to develop it during a session entitled “Financing Global Approaches to Low-Carbon Economies ”.
“It takes a lot of in-depth social studies, practical solutions and a lot of financial support – governments around the world spend a lot of money to defend themselves against other governments, but we don ’ t spend that much money to fight everyone ’ s first enemy, climate change.
He believes that finding practical solutions requires a serious approach to financing and establishing an assembly line for simple renewable energy projects, so that tangible results can be achieved as soon as possible, which is not possible without setting aside the side issues that usually concern us or we will not be able to solve the problem for another 10 years.
Ahmed Bahieldin, General Manager and Commercial Officer for Europe, Middle East and Africa (EMEA) at GE Vernova, an independent public company spin-off of GE ’ s energy, wind and electricity business, also joined the panel.
“Time is an important factor, especially as there is a lot of capital looking for projects in advanced markets, especially in the areas of renewable energy sources and new technologies, and regulatory reforms and the structuring of the revenue model give more room for growth.
The second day of the summit also saw the launch of the Solar Outlook 2024 report, officially released by the Middle East Solar Industry Association at the World Future Energy Summit.
The report highlights the growing contribution of solar energy to the MENA region ’ s ongoing energy transition from traditional fossil fuels to renewables, amid continued manufacturing boom, population and economic growth, as well as concerns about climate change and environmental sustainability.
Solar Energy
According to the report, the Middle East and North Africa (MENA) region today has one of the highest levels of solar energy potential in the world, with countries such as Saudi Arabia, the United Arab Emirates, Morocco and Egypt contributing on average annual solar radiation exceeding 2,000 kilowatt-hours per square meter per year.
While the regional solar growth trajectory is expected to continue, the report reveals that it is still well below the levels required to replace the current fossil fuel contribution of 87%, with solar providing just over 2% of the current energy mix in the MENA region.
Denisa Vines, Secretary General of the Middle East Solar Industry Association, said: “The COP28 pledge to increase renewable energy capacity and double energy efficiency with the support of 124 countries has set ambitious targets to increase the deployment of renewable energy and energy efficiency measures by 2030, but we still face many challenges to achieve these goals, especially in the energy sector within the Gulf region. After 2030, a variety of technologies are expected to be market-ready, offering scalable solutions to decarbonize the energy sector, enabling a more effective role for renewables, energy efficiency and zero-emission technologies.
The broad pursuit of ambitious targets by 2030 is focused on public utility projects, which may overshadow the needs of the commercial and industrial sectors, and this underscores the importance of considering a balanced approach to energy deployment to ensure inclusive and sustainable development.
COP28 Pledges
Speaking at the Solar and Clean Energy Conference, Dr. Ralph Blumenthal, Head of Networks Programs Middle East at Siemens, praised the ongoing discussions on digitization and the great importance of integrating renewables into smart grids to help achieve the goals of the COP28 pledge.
Batteries are key if we want to triple renewables by 2030, and increase them nine-fold by 2050. Batteries are not only storage, they are essential to grid regulation and reduce disruptions that may occur during renewable energy generation. Today, around 1,500 GW of renewable energy has been installed globally and is ready for deployment, but cannot be integrated into networks. It operates 100% on renewable energy, but national grids have not yet been able to effectively integrate renewables on a large scale.
Constructive discussions and sessions on global energy issues and solutions will continue tomorrow with the Electric Mobility Forum, which will comprehensively examine the role of clean and independent transport in changing the future of city design, and what is needed to unlock the potential of investing in expanding electric mobility.

The region's renewables increased by 12.8% in 2022, with solar energy accounting for 2% of its energy mix.

Arab countries, led by the UAE, Saudi Arabia, and Egypt, aim to triple their renewable energy capacity by 2030.

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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 UAE's photovoltaic power station can power 200,000 homes and reduce carbon emissions by 2.4 million metric tons.

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Content: People 's Network > > International
The Middle East: Struggling between reconciliation and conflict
December 25, 2023, 16: 10 | Source: Xinhua Network
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Xinhua News Agency, CAIRO, December 25, (International Watch) The World's Seven Regions 2023 Review | The Middle East: Struggling Between Reconciliation and Conflict
By Xinhua reporter Chen Mengyang
Reconciliation and cooperation, disasters and conflicts, growth and decline … The Middle East presents a complex picture in 2023, reflecting the coexistence of hope and challenges, vitality and hardship in the region.
Reunification of Shay leads to regional reconciliation
In 2023, reconciliation and cooperation are the salient features of the situation in the Middle East, indicating the growing autonomy of the Middle East countries.
Under the mediation of China, Saudi Arabia and Iran agreed in March to resume diplomatic relations after severing diplomatic ties for seven years.
This has shocked the world by reviving old enemies in the Middle East.
Iran and Saudi Arabia have agreed to hold a joint summit of leaders of the Arab and Islamic countries in Riyadh on November 11, the first visit by an Iranian president to Saudi Arabia since 2012.
In 2023, the Middle East countries made a series of progress in the regional reconciliation process: Israel and the United Arab Emirates signed their first free trade agreement with Arab countries; Turkey and Egypt sent ministerial officials to exchange visits for the first time in years; Qatar, Bahrain and the United Arab Emirates announced the resumption of formal diplomatic relations; Syria was suspended for more than a decade.
Speaking at the 32nd Arab League summit on reconciliation and unity, Saudi Crown Prince Mohammed said that peace, unity, cooperation and construction are in the interest of the Arab peoples. "We will not let this region become a zone of conflict," he said.
In 2023, the role of Middle East countries in international and regional multilateral organizations and cooperation mechanisms will continue to increase.
Iran officially joined the Shanghai Cooperation Organization, and Egypt, Saudi Arabia, the United Arab Emirates and Iran were invited to join the BRICS cooperation mechanism.
Zou Zhiqiang, a scholar at the Center for Middle East Studies of Fudan University, believes that the situation in the Middle East in 2023 has shown an unprecedented momentum
Although the Middle East peace process has been suspended due to the outbreak of a new round of Palestinian-Israeli conflict, it will not continue, and the general trend of relaxation and local instability will not be fundamentally changed.
Serious consequences of conflict
In 2023, there will be many serious natural disasters and armed conflicts in the Middle East, which will seriously affect regional stability and development prospects.
On February 6, a powerful earthquake hit Turkey's southern border region near Syria, killing more than 50,000 people and leaving millions homeless. Damage in Turkey alone amounted to about 100 billion U.S. dollars. On September 8, a powerful earthquake hit Morocco, killing more than 2,900 people and injuring more than 5,000 others.
Many people have been unable to return to their homes since the two major earthquakes caused huge loss of life and property.
The armed conflict has cast a shadow over the Middle East in 2023. On April 15, fierce clashes broke out in Khartoum, the Sudanese capital, and the Sudanese Armed Forces and the Sudanese Rapid Support Forces exchanged fire, which has continued to this day. On October 7, a large-scale armed conflict between Israel and Hamas in the Gaza Strip has caused huge casualties.
The Palestinian-Israeli issue has once again become the focus of great attention of the international community.
The new round of Israeli-Palestinian conflict has turned the situation in the region into chaos, disrupting the process of reconciliation between Israel and other Arab countries and Turkey.
In addition, unstable factors such as the Iranian nuclear issue, the civil war in Yemen, the conflict between Lebanon and Syria and Israel, and Turkey ’ s cross-border attack on PKK militants continue to plague the Middle East.
Multinational economic development in the doldrums
In 2023, due to multiple internal and external factors, in addition to the UAE and Saudi Arabia, economic growth in many countries in the Middle East is weak and depressed.
Recently, the world's largest single photovoltaic power station, Eldavra photovoltaic power station, was completed in Abu Dhabi, the United Arab Emirates.
The plant produces enough electricity to power 200,000 homes each year and will reduce carbon dioxide emissions by 2.4 million metric tons.
This project once again demonstrates the determination of the UAE, an oil and gas rich Gulf state, to diversify its energy and green development.
Saudi Arabia ’ s Vision 2030, which aims to move away from dependence on oil revenues and diversify its growth, is gradually turning from a blueprint into a reality.
According to a recent IMF report, Saudi Arabia is in a period of strong economic growth and is in good financial condition.
At the same time, other countries in the region, such as Egypt, Turkey, Lebanon, Syria and Iran, suffered from sharp currency devaluations, high inflation and soaring unemployment.
The exchange rate of the Lebanese pound, the Egyptian pound, the Turkish lira and other Middle Eastern countries has reached record lows against the US dollar.
In addition, the new round of Palestinian-Israeli conflict has hit the economies of Egypt, Jordan, Lebanon, Iran and other neighboring countries hard.
Forecasts released by the World Bank in October show that economic growth in West Asia and North Africa is expected to decline sharply in 2023, from 6% in 2022 to around 1.9%.
Zhao Jun, associate professor of the Middle East Research Institute of Shanghai Foreign Studies University, believes that due to factors such as low oil prices leading to oil production cuts, global financial environment tension, sustained interest rate hikes by the Federal Reserve, and the continued price rise of commodities and raw materials such as food due to the Ukrainian crisis, coupled with local turmoil continues, the economic downturn in many countries in the Middle East is unlikely to be reversed in a short time.
(Editor: Liu Ye Ting, Xu Xiangli)
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The UAE aims to achieve climate neutrality by 2050 through renewable energy, including solar power.

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Content: Thursday, 02 November 2023 12: 01 GMT
DEWA commits to sustainability in all social, economic and environmental development plans
(MENAFN- Al-Bayan)
His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), in his speech at the first session of the Dubai Business Forum, organized by Dubai Chambers under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stressed the importance of the forum. His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, may God protect him, to lead the global transformation efforts towards a sustainable green economy.
Contribute to the march of climate action and achieve the UAE ’ s vision to provide a sustainable environment for future generations.
The Dubai Business Forum, currently taking place in Madinat Jumeirah, Dubai, builds on the ambitious objectives of the Dubai Economic Agenda (D33) and the previous successes of the Global Business Forum series, which was an integral part of the global business events specialized in the business sector.
In his speech, HE Al Tayer, in the presence of HE Abdul Aziz Abdullah Al Ghurair, Chairman of the Board of Directors of Dubai Chambers; Hilal Saeed Al Marri, Director General of the Department of Economy and Tourism; and a number of government and private sector officials, highlighted DEWA ’ s commitment to sustainability as the cornerstone of all social, economic and environmental development plans.
It is also actively supporting the UAE ’ s efforts to achieve carbon neutrality by 2050, as well as achieving the goals of the Dubai Clean Energy Strategy 2050 and the Dubai Carbon Neutral Strategy 2050.
Accelerate the energy transition to a green, circular and sustainable economy.
In this regard, DEWA supports the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) and international cooperation to achieve the United Nations Sustainable Development Goals 2030.
His Excellency said in his speech:
“In line with the aspirations of the Emirate of Dubai and the United Arab Emirates, DEWA has launched a large number of strategic initiatives and green projects to generate clean energy and desalination and provide services to a customer base of more than 1.2 million customers in accordance with the highest standards of availability, reliability and efficiency.
We have stopped the launch of any new projects to produce energy from fossil fuels.
We have also limited new desalination projects to reverse osmosis technology using clean energy.
We have already moved away from the traditional Engineering, Procurement and Construction (EPC) model for energy and water production projects, towards the Independent Energy and Water Producer (IWPP) model, and strengthened partnership with the private sector, which has proved to be very useful to the Authority and has succeeded so far in attracting investments worth more than AED 43 billion.
At DEWA, we are racing against the clock to complete our flagship green project – the Mohammed bin Rashid Al Maktoum Solar Park – which is implemented using the Independent Power Product (IPP) model and is the largest single-site solar park in the world, with a total capacity of 5,000 MW by 2030.
The current capacity of the complex is 2,627 megawatts.
When completed, it is expected to reduce carbon emissions by more than 6.5 million tonnes per year.
Since 2017, we have successfully contracted with international companies to purchase 4,178,502 global renewable energy certificates from the Mohammed bin Rashid Al Maktoum Solar Park for a value of approximately 5,767,408 euros. ”
He added that the Authority is building the Hatta hydroelectric station project with pumping and storage technology – the first of its kind in the GCC region – with a capacity of 250 MW and a storage capacity of 1,500 MWh, equivalent to a storage capacity of 6 hours.
The Authority has built a green hydrogen plant to produce hydrogen, using solar energy, as a new source of clean energy in the future.
The plant produces about 400 kilograms of green hydrogen per day, and a hydrogen gas tank can store up to 12 hours of hydrogen produced when using solar energy.
The plant uses hydrogen through a combined heat and power unit with a capacity of about 300 kilowatts of electric power.
The Authority is working on a roadmap for the hydrogen strategy, which will be implemented in phases.
DEWA has also built a world-class electric vehicle infrastructure with more than 380 charging stations across Dubai, to encourage the use of environmentally friendly electric vehicles, and we are continuing our efforts to install 1,000 charging stations for electric vehicles by 2025.
Furthermore, the Authority has created a highly advanced digital infrastructure based on the disruptive technologies of the Fourth Industrial Revolution and large-scale digital transformation to enhance performance.
One of the fruits of these efforts was the launch of DEWA Digital, DEWA ’ s digital arm, becoming the first digital institution in the world to use autonomous systems for renewable energy, energy storage, the expansion of artificial intelligence applications, and the provision of advanced digital services.
The Authority is the first institution in the world and the first UAE government entity to use ChatGPT technology in its virtual employee (Chatbot Rammas) in cooperation with Microsoft, to upgrade its services and promote its smart transformation.
DEWA has also launched DEWAverse to offer its services to its customers and employees in the virtual world of “Metaverse ”, thus becoming the first local government entity to launch its virtual platform using“ Metaverse ” technology.
DEWA ’ s Moro Hub has the world ’ s largest solar-powered data center at the Mohammed bin Rashid Al Maktoum Solar Park, which is listed in the Guinness Book of World Records.
The agency also launched its Space-D program to improve the operation, maintenance and planning of its networks using nanosatellites and remote sensing technologies.
The agency has already launched two nanosatellites, becoming the first institution in the world to use nanosatellites in its operations.
H.E. Al Tayer explained that DEWA is investing heavily in innovation, research and development, particularly in the disruptive technologies of the Fourth Industrial Revolution to improve performance, service quality and people ’ s lives.
As a culmination of these efforts, we have established the Research and Development Centre, which aims to develop effective solutions to enhance efficiency and address climate change.
TRA is the first institution in the GCC to apply 3D printing technology to metals.
It succeeded in entering the Guinness Book of Records for its first 3D printing laboratory, its robotics and drone laboratory located in the Research and Development Center.
The Center adopts an approach based on improving the services provided by the Authority to customers by developing the latest technologies and sustainable solutions for energy and water and conducting applied research on the ground.
Since its launch, more than 170 research papers have been published in international conferences, journals and peer-reviewed publications.
So far, the center has applied for 27 patents, of which 6 have been granted.
He pointed to the establishment of several successful companies, especially the Emirates Central Cooling Systems Corporation (Empower), which is majority owned by the Authority, and other wholly-owned subsidiaries such as Union Energy Services Company, Mai Dubai, Data Center for Integrated Solutions (MORO), Dubai Green Fund and others, most of which are owned by the Authority. A leading position in the market.
Last year, Dubai Electricity and Water Authority (DEWA) became a public shareholding company listed on the Dubai Financial Market (DFM) after a successful US $6.1 billion initial public offering, with DEWA ’ s IPO reaching record highs of more than AED 315 billion.
The strong demand in the order book exceeded the supply of shares by 37 times, becoming the largest initial public offering in the history of the United Arab Emirates and the largest ever issue of a public service company in the world after 2008.
The Authority has become the largest company by market capitalization in the Dubai Financial Market with a value of AED 124 billion and has significantly enhanced the position of the financial market.
Al Tayer concluded: “In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to transform Dubai into a global city and a role model for smart and green living, the Authority is making efforts to achieve the best infrastructure and provide basic services at a leading and distinguished global level.
Dubai Electricity and Water Authority (DEWA) has become one of the best service organizations in the world and its results are superior in many key performance indicators. With our investments in the latest and most advanced infrastructure with a total value of more than AED 214 billion – as of 30 June 2023 – we have reduced losses in transmission and distribution networks. Electricity in Dubai reached a world leading rate of 2.2%.
Water transmission and distribution network losses have reached a world leading rate of 4.5%, and we have achieved the lowest annual electricity outage per subscriber in the world of 1.19 minutes.
The consolidated revenues of the Authority reached AED 27.34 billion in 2022, achieving a net profit of AED 8.05 billion.
In the first six months of 2023, the Authority ’ s consolidated revenue was AED 12.7 billion and net profit was AED 2.7 billion.
We are committed to contributing to the realization of the ambitions and aspirations of the Emirate of Dubai. ”
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Dubai's Mohammed bin Rashid Al Maktoum Solar Park will produce 5,000 megawatts of electricity and reduce 6.5 million tonnes of carbon emissions annually.

Title:

Content: UAE strengthens its position in the solar energy sector
T + T - normal size
Solar investments in the UAE have huge potential, driven by government subsidies, large government investments, supportive policies, an innovation-friendly environment, commitment to sustainability goals, increased energy demand and lower technology costs.
The UAE is a pioneer in the adoption of renewable energy sources and strives to make solar energy the cornerstone of the national energy system, with many global reports indicating that the UAE is one of the fastest countries in the world in the adoption of solar energy.
And in this regard...
A report by Mordor Intelligence International, for research and studies, predicted that the size of the solar energy market in the UAE will grow at a compound annual growth rate of more than 35% during the coming period, specifically until 2029.
The report stressed the importance of the UAE Energy Strategy, which aims to triple the contribution of renewable energy over the next seven years, and to inject national investments between 150 and 200 billion dirhams during the same period, in order to reach the targets of climate neutrality 2050.
He also predicted that the transformation in the field of renewable energy, specifically solar energy, which is a key player in the energy transformation strategy, will create many opportunities for the solar market in the UAE in the future.
According to another report from Mordor Intelligence, the global solar market is expected to grow at a rate of only 29% between 2024 and 2029, thus surpassing the global average.
The UAE has emerged as a major player in the global solar market in recent years, and has leapfrogged production rates over the past 10 years: from just about 12 megawatts of solar capacity in 2012, it has raised the figure at a staggering rate to more than 3,040 megawatts, according to the Energy Institute.
In 2022, the UAE emerged as a major player in the global solar energy market, ranking second in the world in terms of per capita solar energy consumption, according to the Statutory Review of World Energy.
S & P reported that the proliferation of solar PV as an abundant, low-cost and rapidly deployable technology has overshadowed the potential of wind in the Middle East, pointing to the UAE ’ s role in the region in the field of solar energy and the transition to clean energy.
Masdar is involved in the development of a number of key projects in the UAE, including Shams, the region ’ s first concentrated solar power plant, which was inaugurated in 2013.
It has also invested in a range of world-leading solar power plants, including the 2 GW Al Dhafra plant, the world ’ s largest single-site solar PV plant in operation.
Masdar has developed the third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai and won the bid to develop the sixth phase of the project, which will have a total production capacity of 5 gigawatts and will be the largest in the world.
The Mohammed bin Rashid Al Maktoum Solar Park, implemented by DEWA, is the largest single-site solar park in the world under the IPP system and will have a production capacity of 5,000 megawatts by 2030, with a total investment of AED 50 billion.
When completed, the complex will reduce more than 6.5 million tonnes of carbon emissions annually.
At the end of March this year, DEWA ’ s production capacity from the complex reached 2,627 megawatts.
The fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park uses three common technologies to produce clean energy: a 600 MW parabolic trough system, a 100 MW CSP tower and 250 MW photovoltaic solar panels.
The Mohammed bin Rashid Al Maktoum Solar Park achieved two records for the world ’ s “highest concentrated solar power tower ” at 263.126 meters and the“ largest thermal energy storage capacity ” in the world with a capacity of 5907 MWh using concentrated solar energy using parabolic inverters and molten salt.
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Egypt aims to generate 42% of its electricity from solar and wind energy by 2035.

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Content: People 's Network > > International
Sino-Arab green transformation cooperation is on the rise
December 8, 2022, 13: 09 | Source: Xinhua Network
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Xinhua News Agency, BEIJING, December 8 (International observation) Sino-Arab cooperation on green transformation is on the rise
Xinhua News Agency reporter Luo Guofang
China and Arab countries have different resource endowments and development paths, but they are in the key stage of green development transformation.
The pursuit of a common vision of sustainable development will push China and Argentina to move forward together in a cleaner, greener and low-carbon direction, and continuously deepen cooperation in related fields to benefit the people of China and Argentina.
Development Complementary Advantages
At present, China's development is changing from high-speed growth to high-quality development, and it is committed to energy transformation and clean development in the field of energy, and strives to build a clean, low-carbon, safe and efficient energy system.
At the same time, many Arab countries have also launched energy transformation plans in recent years, committed to the development of clean and renewable energy, and strive to reduce dependence on fossil fuels such as oil and natural gas, and promote sustainable economic development.
Saudi Arabia announced in its Vision 2030 development strategy that by 2030, the proportion of renewable energy in the country's energy mix will reach 50%.
The UAE ’ s Energy Strategy 2050 aims to increase the share of clean energy in the total energy mix to 50% by 2050.
Egypt plans to increase the share of clean energy generation to 40% by 2035.
The Arab region has one of the best solar and wind energy resource endowments in the world, and the development of clean and renewable energy has unique conditions.
According to a report released by the Global Energy Monitor in June this year, Arab countries in the Middle East and North Africa plan to add 73 gigawatts of utility-scale solar and wind capacity by 2030, more than five times the current installed capacity.
China has advanced technology and rich experience in the field of photovoltaic and wind power, and has complementary advantages with Arab countries in the field of clean and renewable energy.
Abu Dhabi Energy Director, Avida Murshid Maral, said that vigorously developing renewable energy has become a global trend, which creates a good opportunity for deepening Arab-Chinese energy cooperation.
Collaborating for a Green Transition
In recent years, China has actively expanded cooperation with Arab countries in the field of clean and renewable energy, and the two sides have jointly implemented a number of cooperation projects.
The Zafra Solar Power Station, about 35 kilometers from Abu Dhabi City, is the largest single photovoltaic power station in the world, with an installed capacity of 2 GW.
The solar power plant, which is contracted by a Chinese company, will help Abu Dhabi reduce carbon dioxide emissions by 2.4 million tons per year and play an important role in the sustainable development of the UAE's energy economy.
Saudi Arabia's Red Sea coast is creating a green new city, the project called the Red Sea New City, the future electricity supply will be 100% from clean energy.
The realization of this vision will not only rely on solar and wind energy, but also benefit from energy storage systems that can act as energy “cisterns ” and“ regulators, stabilizers ”.
The successful signing of the Red Sea New City energy storage project by Chinese enterprises will help Saudi Arabia to build a global clean energy and green economy center.
Abdullah Wadi, a researcher at the Saudi think tank Research and Knowledge Exchange Center, said that Saudi Arabia and China are committed to vigorously developing clean and renewable energy, and actively promoting relevant international cooperation, which has set a good example for the international community to work together to promote green and low-carbon development and jointly deal with various challenges and global issues facing mankind.
Helping Fishing Development
With the deepening of cooperation between China and Arab countries in clean energy, low-carbon economy and energy transition, China ’ s advanced technology in related fields has also entered Arab countries. China adheres to the concept of “teaching people to fish ” and helps Arab countries improve their independent development capabilities through multi-level cooperative research and training programs.
China and Arab countries jointly set up the China-Arab Clean Energy Training Center to jointly organize capacity-building activities in photovoltaic, solar thermal, wind power and smart grid.
China and Egypt have set up a Sino-Egyptian joint laboratory on renewable energy to carry out joint research, promote personnel training, and help Egypt strengthen scientific and technological capacity building.
Since its establishment in 2015, the China-Arab Technology Transfer Center has built eight bilateral technology transfer centers in Saudi Arabia, Jordan and other countries, forming a technology transfer cooperation network linking nearly 5,000 Chinese and foreign members.
“The development of zero-carbon and low-carbon energy technologies is of great significance.
These technologies align with our energy transition goals, make the energy industry more resilient and help us build a sustainable and peaceful future, ” said Maral.
(Editor: Jia Wenting, Liu Jieyan)
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The Benban solar complex in Egypt is one of the largest solar power plants in the world, with a capacity of 1.8 GW.

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Content: The Middle East and North Africa have significant investments in wind energy
The Middle East and North Africa have significant investments in wind energy
Renewable energy throughout the Middle East and North Africa is usually talked about from one point of view: the sun shining strongly on the region ’ s deserts.
Solar energy is indeed a great source of energy and is designed to power equipment and appliances, but wind also blows through the plains, hills and seas of the Middle East, and megaprojects harness the power of wind and turn it into energy.
Political analyst Robin Mills says the Middle East and North Africa (MENA) region actually started using modern wind energy on a commercial scale a decade before using solar power, with projects in Morocco, Egypt, Israel and in Tafileh in Jordan, where the turbines are slowly spinning near the ancient fortress of Karak.
The cheapest electricity in the world is generated from solar power in the UAE and Saudi Arabia, and global projects such as the largest single-site solar farm in Al Dhafra in Abu Dhabi, with a power of 2 GW, and two of the largest multi-project sites, the Mohammed bin Rashid Solar Park in Dubai (5 GW) and Banban in Egypt (1.8 GW), can also be installed. solar on a smaller scale on the shelves of homes and factories.
Despite the lack of consistency unlike Northwest Europe, there are excellent wind resources in the MENA region.
Winds are blowing in southern Morocco and the areas around the Gulf of Suez and Aqaba in Egypt, Jordan, northwestern Saudi Arabia, southern Egypt and the southeastern coast of Oman.
Parts of Libya, southern Tunisia, the Algerian desert, inland Iran and Kuwait also experience strong winds, and in contrast to most parts of Europe, the region has open spaces where the construction of wind stations will not be rejected by some segments of society.
Egypt, which hosted the COP27, benefits from having projects that produce 1.59 GW currently installed, 0.75 GW under construction and 1.6 GW planned, and has signed a series of projects in recent weeks, which have included memorandums of understanding with Norwegian developer Skatek for 5 GW, with UAE clean energy company Masdar for 10 GW, and with Saudi energy development company Aqua for 10 GW.
It will be the second largest wind farm in the world, and the largest is Gansu, which produces 20 gigawatts in China.
Aqua is already building a 1.1 GW wind farm at Jebel Zeit on the Gulf of Suez, which will be the largest in the region when it comes into operation in late 2026, with Egypt ’ s total projected production capacity of 24 GW, the seventh largest national capacity in the world according to current figures.
In addition, Egypt, Saudi Arabia, Oman, Morocco and Mauritania will need huge wind farms to build their planned green hydrogen projects, which use renewable electricity to analyze water with electricity.
Under MENA conditions, wind power is likely to be more expensive than solar, even if Saudi Arabia gets a very competitive tariff of 2.13 cents per kilowatt-hour for its first wind farm in Dumat al-Jandal (which was the lowest solar contract in the region at 1.03 cents per kilowatt-hour).
Wind power also takes longer to build, and production cannot be predicted after a few days.
But wind has many advantages: it is clear that it often blows at night more strongly than during the day, making it complementary to solar energy.
This is especially useful in hot early autumn evenings, when people need air conditioning even after sunset.
Solar energy in the region has achieved a capacity factor, which is the average output of the source as a proportion of its peak output, and is about 20 percent over the year, allowing work at night and different seasons, Egyptian wind power manages 53 percent, and solar and wind power in the best locations can have a combined capacity factor of more than 70 percent.
And there are still some vital questions about the location of turbines and mega projects planned in Egypt?
Wind lanes around Sinai are relatively confined and surrounded by mountains, and areas to the south on the Red Sea coast, or inland areas with difficult logistical hurdles, will have to be considered.
And will the region venture out and explore offshore wind power, as Northwest Europe has successfully done?
There are stronger and more consistent winds, and much more room to develop them, albeit at higher costs.
Will current project announcements overlap with green hydrogen projects?
If this is done, the wind requirements will be much greater, and will provoke competition for good sites and equipment.
Can countries in the Middle East and North Africa that are less exposed to wind power, particularly the UAE, Qatar and Bahrain, benefit economically from improved turbines for slower wind speeds?
Will other wind-blowing countries with low energy, such as Iraq, Kuwait, Libya and Tunisia, start adopting this technology?
If those questions can be answered with a yes, the spinning turbines and shimmering solar panels in the Middle East and North Africa will become a symbol of the region ’ s shift to clean energy.
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The UAE, Saudi Arabia, and other Middle Eastern countries are implementing policies to support solar energy growth through subsidies and infrastructure investments.

Egypt's Electricity Law No. 87 of 2015 offers tax and tariff exemptions to renewable energy investors.

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Content: Egypt ’ s move towards renewable energy represents a major shift in its energy policy, reflecting global sustainability trends and local environmental needs.
This detailed analysis explores Egypt ’ s legal framework for renewable energy projects, highlighting growth opportunities and regulatory challenges that must be overcome.
Aspirations for renewable energy and strategic plans
Egypt has set targets looking to increase its renewable energy production in line with global initiatives such as the Paris Agreement to combat climate change, and this commitment is reflected in Egypt ’ s strategic plans, which outline the goals and mechanisms needed to integrate renewable energy into the national electricity grid.
The legal framework governing renewable energy in Egypt
Central to Egypt ’ s renewable energy policy is the Electricity Law No. 87 of 2015 and its subsequent amendments. These legal provisions create a regulated environment for the development and regulation of renewable energy sources. The law gives the Egyptian Electricity Regulatory Authority the authority to oversee and implement regulations, ensuring effective and sustainable management of the sector ’ s growth.
Government incentives and international cooperation
The Egyptian government has provided various incentives under these laws to encourage investment in the renewable energy sector, including tax exemptions, tariff exemptions, and other financial incentives designed to make renewable energy projects more feasible and attractive to investors.
Emerging investment landscape in renewable energy
Egypt ’ s move towards renewable energy has opened up new investment opportunities, especially in the solar and wind sectors, as the liberalization of the energy market has made it accessible to private investors, both local and international. Successful renewable energy projects in Egypt are a testament to the sector ’ s potential, as they provide useful insights into market dynamics and future growth trajectory.
Detailed legal framework for renewable energy
The Electricity Law No. 87 of 2015 and its amendments form the basic legal structure governing the production, distribution and regulation of electricity, including renewable energy. This law defines the roles of various government agencies, such as the Egyptian Electricity Regulatory Authority (ERA), in overseeing the sector, paving the way for private sector participation and introducing regulatory mechanisms such as feed-in tariffs, which have been effective in attracting investments.
Renewable Energy Law and Investment Law
Egypt ’ s Renewable Energy Law and Investment Law form an important part of the state ’ s approach to advancing the renewable energy sector, and the Renewable Energy Law specifically addresses the development, promotion and use of renewable energy sources such as solar, wind and hydropower.
It also provides a legal framework for various renewable energy initiatives, detailing the responsibilities of both public and private entities involved in the production and distribution of renewable energy, and plays a key role in establishing regulatory mechanisms, including the establishment of feed-in tariffs, which are designed to offer attractive prices for renewable energy that feeds the national grid, thus stimulating private investment.
The Investment Law, especially Law No. 72 of 2017, complements the Renewable Energy Law by providing a set of financial incentives to promote investment in the renewable energy sector, including tax exemptions, where new investments in renewable energy can be exempted from certain taxes for a specific period.
In addition, the law provides for lower tax rates on profits generated by renewable energy projects, making these projects more financially attractive, and other benefits under the investment law may include exemptions from customs duties and other fees on equipment and machinery imported for use in renewable energy projects.
Together, these laws aim to create a supportive and financially viable environment for renewable energy projects and encourage local and international investors to participate in Egypt ’ s renewable energy sector. The government ’ s focus is not only to increase renewable energy production, but also to ensure that these projects contribute to sustainable economic growth and environmental conservation.
Regulatory Challenges and Bureaucratic Obstacles
Despite the supportive legal framework, developers often face challenges in dealing with the bureaucratic landscape, where the process of obtaining licenses and approvals can be complex, involve multiple government bodies and rigorous environmental assessments, and delays in these processes can hinder project timelines and affect the overall viability of renewable energy projects.
Andersen Egypt has expertise in liaising with government bodies and obtaining the necessary permits and approvals for large-scale renewable energy projects.
Environmental impact assessments and approvals
Despite the supportive legal framework, developers often face challenges in dealing with the bureaucratic landscape, where the process of obtaining licenses and approvals can be complex, involve multiple government bodies and rigorous environmental assessments, and delays in these processes can hinder project timelines and affect the overall viability of renewable energy projects.
Andersen Egypt has expertise in liaising with government bodies and obtaining the necessary permits and approvals for large-scale renewable energy projects.
Environmental impact assessments and approvals
Despite the supportive legal framework, developers often face challenges in dealing with the bureaucratic landscape, where the process of obtaining licenses and approvals can be complex, involve multiple government bodies and rigorous environmental assessments, and delays in these processes can hinder project timelines and affect the overall viability of renewable energy projects.
Andersen Egypt has expertise in liaising with government bodies and obtaining the necessary permits and approvals for large-scale renewable energy projects.
Environmental impact assessments and approvals
EIA ensures that environmental considerations are integrated into project planning and implementation. Obtaining approval for EIA can be a major hurdle, and requires thorough documentation and adherence to environmental standards.
Incentives to develop renewable energy
The Egyptian government offers several incentives to encourage the development of renewable energy in Egypt. These include tax incentives, duty exemptions and preferential tariffs under the “feed-in tariff ” system. These incentives aim to ease the financial burden on developers and make renewable energy projects more economically viable.
The following incentives can also be applied to large-scale renewable energy projects in Egypt:
A feed-in tariff system (FiTs) is a system of prices set by the Egyptian government that allows producers to sell renewable energy to the national grid, providing long-term contracts and ensuring a stable and predictable revenue stream for renewable energy projects.
• Tax incentives: Reductions in corporate income tax rates, exemptions from customs duties and sales taxes on imported renewable energy equipment, and other tax-related benefits are available to encourage investment in renewable energy
• Government subsidies and grants: direct financial contributions to reduce the initial capital costs of establishing renewable energy projects.
Land allocation: The government may offer land at subsidized prices or on special terms for the construction of renewable energy facilities, especially in areas with high renewable energy potential.
Regulatory support: Simplified approval and licensing procedures help reduce bureaucratic hurdles and accelerate the implementation of renewable energy projects.
Opportunities in the Renewable Energy Sector
Egypt ’ s evolving legal and regulatory environment offers significant opportunities for growth in the renewable energy sector. The government ’ s commitment to increasing renewable energy production has opened up prospects for investment, especially in solar and wind power. The sector ’ s potential is further enhanced by Egypt ’ s geographical advantages, such as high solar radiation and favorable wind conditions.
Challenges in Egypt ’ s Renewable Energy Sector
Dealing with the regulatory environment for renewable energy projects in Egypt poses many challenges.
They include:
Complex approval processes: Obtaining the necessary permits and approvals can be time-consuming and complex, involving multiple government bodies.
Infrastructure Development: Adequate infrastructure is still being developed to support renewable energy projects, including grid connectivity.
Despite government incentives, securing financing for renewable energy projects can be difficult due to anticipated risks and high upfront costs.
Market volatility: The renewable energy market is subject to fluctuations in technology costs, global energy prices and policy changes, which may affect the viability of the project.
• Technological advancements: Keeping pace with rapid technological advances in renewable energy while complying with regulatory standards is a major challenge.
Opportunities for growth and development
Despite these challenges, Egypt ’ s renewable energy sector offers many opportunities:
Government support and incentives: Strong government support for renewable energy, manifested in its legal framework and incentives, creates an enabling environment for growth.
Geographical advantages: Egypt ’ s geographical location provides an abundance of solar and wind energy resources, making it an ideal location for renewable energy projects.
• Private sector participation: The liberalization of the energy market has opened doors for private sector investment, both domestically and internationally.
• Sustainable Development Goals: In line with global sustainability goals, renewable energy projects in Egypt contribute to environmental conservation and economic diversification.
• Job creation and economic growth: The renewable energy sector has the potential to create jobs and stimulate economic growth, contributing to the overall development of Egypt.
Concluding remarks
The Egyptian legal framework for renewable energy projects, which is characterized by a mixture of opportunities and challenges, is a reflection of the country ’ s commitment to sustainable energy development, and although dealing with the regulatory trend may be complicated, the potential rewards and opportunities to achieve the desired goals are great.
As Egypt continues to improve its legal and regulatory environment, maintaining flexibility will be key for companies looking to take advantage of opportunities in this dynamic sector.
The content of this article is intended to provide a general guide to the subject matter.
Specialist advice should be sought about your specific circumstances.

The Renewable Energy Law and Investment Law No. 72 of 2017 promote and financially incentivize renewable energy development.

The Emirates Development Bank has launched a 100 million dirham program to finance solar energy projects with repayment terms of up to eight years.

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Content: Launched by Emirates Development Bank
New Program for Financing Solar Energy Projects
Emirates Development Bank (EDB) has launched a special program to finance solar energy projects, the first of its kind, which aims to enhance the capacity of micro enterprises and small and medium enterprises in the country to adopt renewable energy solutions by allocating 100 million dirhams for this purpose.
The program is part of the bank ’ s efforts to support sustainability and the transition to clean energy sources, where it supports companies to overcome financial obstacles that may prevent the adoption of sustainable business practices, by providing renewable energy financing on competitive terms and conditions, by providing facilities for structured finance and solar panels with repayment periods of up to eight years, grace periods of up to half a year, and 100% of the value of the project, according to the estimated value.
Through a smooth application process, the programme provides medium- and long-term working capital financing facilities of up to AED 5 million, including support to solar technology and equipment suppliers, energy users in all sectors and other related energy sectors, such as electricity, hydrogen production and use, waste management and desalination plants.
Ahmed Mohammed Al Naqbi, Chief Executive Officer of the Emirates Development Bank, said: “The bank provides a competitive source of funding to help companies in the country transition to sustainable energy solutions, reducing reliance on non-renewable energy sources and contributing to addressing climate change. ”
“The launch of the programme is important as it coincides with the hosting of the Conference of the Parties (COP28) in the UAE this year, ” he said.
The program includes capital expenditure financing for solar panels and structured financing facilities for new and existing projects in other renewable energy sectors.
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The region is expected to receive $1 trillion in renewable energy investments by 2040.

The solar energy sector's growth in the Middle East may generate 24 million new global jobs in sustainability by 2030.

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Content: Sunday, 28 January 2024 05: 17 GMT
Heriot-Watt Dubai Vice President: The University Designed its Programs to Fit Green Skills
(MENAFN- Al-Bayan)
Professor Tadge O ’ Donovan, Vice President of Heriot-Watt University, confirmed that the university has designed its programs to be aligned with promoting green skills, by integrating sustainability principles.
Provide specialized courses in sustainability engineering, renewable energy, and practical project integration.
He added that the university also collaborates with industry experts to provide the necessary training to its students, in order to enhance practical experience, and we adopt a multidisciplinary approach, ensuring a comprehensive understanding of sustainability challenges.
He stressed that green jobs are an integral part of promoting sustainable development in the UAE.
Creating a clean energy economy involves generating new jobs.
While some of these jobs will be in specialized areas, such as installing solar panels and exploring innovative building materials, the majority will be in the UAE ’ s current employment sectors.
He pointed out that research engineers at Heriot-Watt University Dubai have designed a solar testing facility on the roof of their campus in Knowledge Village to help companies develop and test new solar technologies, taking advantage of Dubai ’ s abundant solar energy resources.
He stressed that this initiative is part of the university ’ s commitment to sustainability, arming its students with green skills, and preparing them for the jobs of the future.
He said that the UAE has made great strides in qualifying its cadres to meet the challenges of the future and achieve the main goals, according to its 2071 Centennial.
According to Abu Dhabi Sustainability Week ’ s Future Skills 2030 report, there are five influential factors shaping the future of jobs globally, most notably technological advances that will reveal unprecedented opportunities, particularly in areas such as artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality, big data and data analysis.
He added that this global trend towards sustainability will lead to the emergence of new areas in alternative energy and waste management, pointing out that the future of jobs is towards sustainability, according to the United Nations, as there is a global shift towards a more environmentally conscious economy, and many sectors such as energy, transport and construction are adopting environmentally friendly practices. environment.
O ’ Donovan said this shift could generate an additional 24 million jobs worldwide by 2030, leading to increased demand for workers with skills related to environmental sustainability.
Construction of solar plants will create jobs for metal makers, electricians, electrical equipment collectors, and others, and clean energy investment strategies include a wide range of routine service and support activities, including roles such as accountants, lawyers, office staff, human resource managers, cashiers, and retail salespeople.
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The UAE solar energy market is expected to grow 35% annually until 2029, with 150-200 billion dirhams invested in renewables by then.

The Middle East can maximize the economic benefits of solar energy growth through government incentives, infrastructure investments, and green finance development.

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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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