By Elias Al Helou

$2.16 billion invested in seven new UAE renewable energy projects from H2 2023 to H1 2024

13 solar projects will add by end of 2024 10.6 GW to UAE’s grid

UAE targets 1.4 million tons of hydrogen production by 2031. (Photo Credit: WAM)

Published: Thu 19 Sep 2024, 2:12 PM

Last updated: Thu 19 Sep 2024, 2:58 PM

The UAE’s swift advancement in clean energy is underscoring its leadership in the global shift towards sustainable energy. The country’s comprehensive strategy incorporates solar, wind, green hydrogen, and carbon capture technologies, positioning it at the forefront of the clean energy revolution, according to Ryan McPherson, Regional Director for Middle East and Africa at the Energy Industries Council (EIC).

McPherson praised the UAE’s commitment to expanding its renewable energy portfolio. In a statement to the Emirates News Agency (WAM), McPherson highlighted that the UAE added seven renewable energy projects valued at $2.16 billion between the second half of 2023 and the first half of 2024. These projects include a range of renewable technologies, such as energy from waste and geothermal energy.

Growth in solar power capacity

McPherson also highlighted that by the end of the year, the UAE will have 13 solar power projects operational, contributing 10.6 GW to the national energy grid by 2024. He emphasized that the UAE’s year-round solar potential will drive further investments in solar energy, helping the nation achieve its ambitious clean energy goals.

Ambitious hydrogen production goals

Additionally, McPherson highlighted the UAE’s goal of generating 1.4 million tons of hydrogen each year by 2031, aiming to establish itself as a worldwide leader in the production of green and blue hydrogen. He noted that these efforts align with the UAE’s vision of becoming a hydrogen powerhouse, focusing on large-scale projects and advanced technologies to advance hydrogen as a sustainable energy source.

He also highlighted the UAE’s “Energy Strategy 2050,” which includes a significant $54 billion (AED200 billion) investment budget through 2030. McPherson concluded that this substantial investment reflects the UAE’s dedication to a more sustainable future and provides a clear roadmap for increasing reliance on renewable energy and advancing hydrogen technologies.

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