UAE: Dubai Energy

Chapter | Energy from The Report: Dubai 2020

While upstream oil and gas revenue provided much of the financing for Dubai’s early development, the emirate’s road to modernisation has been built around economic diversification. Having historically relied upon natural gas imports for its electricity, Dubai is gradually reducing its dependence on hydrocarbons imports by investing in a range of power generation projects. This includes a...

Although Dubai has traversed some challenging economic territory over recent years the economic stimulus of Expo 2020 preparation and more stable oil prices have eased this strain in 2019, and business sentiment has improved accordingly. With the long-anticipated expo event set to take place in 2020, attention has started to focus on the important question of sustaining the current economic momentum over the medium term.

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How is DEWA working to meet its short-term goals in clean energy and water production?

 

Which markets present the highest growth potential worldwide for the district cooling industry in the near to mid-term?

 

While upstream oil and gas revenue provided much of the financing for Dubai’s early development, the emirate’s road to modernisation has been built around economic diversification. In recent years the government has focused on the expansion of midstream and downstream industries, alongside fundamental changes to power generation. Having...

 

With the Dubai government allocating $163bn to diversify its energy sector until 2050, including a $27bn fund for renewables, the emirate is rapidly emerging as a global centre for research and innovation for solar and other green power projects.

Although Dubai has traversed some challenging economic territory over recent years the economic stimulus of Expo 2020 preparation and more stable oil prices have eased this strain in 2019, and business sentiment has improved accordingly. With the long-anticipated expo event set to take place in 2020, attention has started to focus on the important question of sustaining the current economic momentum over the medium term.

 

The Dubai Electricity and Water Authority (DEWA) is striving to harness the potential of renewable energy. As part of these plans, the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park) was launched in 2012. Future developments at the plant will see solar energy generation capacity increasing to 1000 MW by 2020 and 5000 MW by 2050 –...

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