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rinnovabileOver the past few years, thanks to a strong industrial development, there was an increase in demand for electricity (about 5% -6% a year) and it is estimated that in the upcoming years the demand will be enough to require even doubling the current production capacity. The increase in energy demand is due not only to the strong development of industry and services, but also to the increase of the population and constantly rising standard of living in the Country.

Since, the Country owns huge natural resources, such as natural resources, oil & gas, production, distribution and transmission of electricity have increased and strenghtened more and more over the past 15 years. Until a decade ago, 97% of electricity production came from plants users of natural gas and consumption were almost concentrated in large urban and industrial cen cameters as Abu Dhabi, Dubai and Sharjah. Then the turning point occured. The United Arab Emirates decided to start developing an intensive program of development and expansion of the sector –RENEWABLE ENERGY IN UAE.

MAIN REASONS OF GROWING INTEREST TO RENEWABLE ENERGY

  • The falling prices of the technologies that exploit natural elements to produce energy.
  • The request for sustainability which is increasingly urgent in the United Arab Emirates.

These two reasons are linked to the awareness that fossil fuels are destined to run out; because of the exponential increase of population in the area and the consequent consumption, the traditional resources of oil & gas are no longer sufficient and reliable.

Each barrel consumed within the Country is a barrel that was not sold. Since the oil trade is the leading sector of the economy of the UAE, it is convenient to rely on renewable energy which are eased by favorable weather conditions.

The UAE is investing heavily in renewable energy with the goal of becoming a green and efficient Country, thanks to lower consumption of gas and oil, sustainable materials and digital technologies.

Underpinning this sustainable push there is a continuous increase for energy across the MENA (Middle East & North Africa). According to a recent report published by the Economist Intelligence Unit (EIU), the demand is going to grow by 7% a year between now and 2020. Investments exceeding 200 billion USD are expected. 100 billion USD out of 200 will be used to increase production capacity and the other half will be invested in the areas of transmission and distribution of energy.

The great opportunity in the energy field for foreign investors in this area is clear. In particular, the United Arab Emirates are promoting solar energy a lot, given the local climatic conditions. By 2017 the United Arab Emirates will have invested a total of about 155 billion USD in the solar industry, with an installed capacity up to 80 GW by 2017, according to plans.

All this is part of the new energy policy adopted by the Country, called "Integrated Energy Strategy 2030", which aims to redefine the energy mix, which should increase the share of renewable energy to 1% in 2020 and 5% in 2030 of total energy produced. Dubai's Expo– EXPO 2020, stands as the head of these projects but it is not alone: the great project of Masdar City is the city of the future, it is perfectly self-sufficient and it was inaugurated in 2010. It is scheduled to be completed by 2025. This is the first no-carbon city in the world.

By 2020 the UAE need at least 2,000 MW of installed capacity from solar power plants and they emphasis on the goal of creating an economy based on environmental sustainability made of 1,000 MW by 2030.

The Country doesn't lack of events, already undertaken in the field of renewable energy:

  • Two solar farms are being built.
  • Solar Roof program is under construction for a total of 500 MW, promoting intensive installation of photovoltaic panels on residential buildings.

They are also planning these projects for implementation:

  • Noon 1 solar farm of 100 MW.
  • An additional solar plant of 40MW.
  • Two wind farms of 30 MW each.

The plans are about increasing renewable energy alongside reducing carbon presence from building. E.g. a recent law banned the use of Portland cement in new buildings– REAL ESTATE IN UAE- in order to promote green elements and decrease by 45% the environmental impact on buildings. This intervention for foreign investors gives them excellent opportunities to do their business.

The United Arab Emirates have many plans to involve hundreds of companies and investors in the field of high technology and renewable energy in cities.

Bright Business Consulting LLP does not work in – RENEWABLE ENERGY IN UAE- iitself, yet it is able to support its Customers who are interested in this sector. In this scenario, analysis through a “Counselling Aimed at  Company Investigations & Commercial Information” is an especially good advice for companies wishing to operate in this sector, selling equipment and / or related accessories.

Free Counselling: BBC-LLP is aimed at companies, professionals and individuals, its small, medium and large scale offering them a Service of "FIRST MEETING-COMPLETELY FOR FREE".