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Dubai conducive for renewable energy investments

Dubai provides a perfect environment for the private sector to actively contribute to renewable energy projects and achieve success

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Saeed Mohammed Al Tayer, MD & CEO, DEWA
Saeed Mohammed Al Tayer, MD & CEO, DEWA

Dubai provides a perfect environment for the private sector to actively contribute to renewable energy projects and achieve success, a top executive at DEWA has said.

Saeed Mohammed Al Tayer, MD and CEO of DEWA made the remarks this week at the World Government Summit in Dubai.

He said that the UAE ranks among the top countries to attach importance to renewable and clean energy technologies.

"At DEWA , we have an integrated vision in energy sector that focuses on energy security through diversifying its resources, the latest technologies, energy storage, CO2 capturing, increasing efficiency in the production, transmission, and distribution of electricity and water," said Al Tayer.

Al Tayer said that the Dubai Clean Energy Strategy 2050 that aims to achieve 75% renewable energy in the Emirate’s power sector is rapidly positioning Dubai as a global hub for innovation on clean energy and green economy as well as the city with lowest carbon footprint in the world.

The Mohammed bin Rashid Al Maktoum solar park being built in Dubai is expected to be the largest of its kind in the world, producing up to 1,000 MW by 2020 and 5,000MW by 2030 at an investment of AED 50 billion.

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