Not long ago did His Highness Sheikh Mohammed bin Rashid Al Maktoum unveil the UAE’s energy strategy for the next three decades. The UAE Ministry of Energy plans to increase the contribution of clean energy in the total energy mix to 50 percent that will enable savings of AED 700 billion by 2050.
This is also the UAE’s first nationwide energy strategy reaching 2050, with previous national energy targets looking to generate 30 per cent of power from clean sources by 2030.
Regionally, GCC countries aim to reach 10% of power production from renewable energy sources by 2020 presenting massive opportunities in the industry.
In order to achieve the goals of the 2050 Energy Strategy, the UAE Ministry of Energy is encouraging the public and private sectors to develop innovative Innovation Policy Platform (IPP) arrangements that are leading to a new wave of large-scale solar projects across the UAE.
“Only last year, the UAE achieved a global record with the lowest solar prices achieved through a competitive tendering process. We are also engaging the UAE population to generate demand in household solar energy projects across the nation,” a spokesperson of the UAE Ministry of Energy stated.
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“Solar energy is a key technology that plays a strategic role in the achievement of the UAE 2050 Energy Strategy. To achieve this, the Ministry of Energy is continuously assessing the feasibility of centralized and distributed solar deployment in the United Arab Emirates,” the UAE Ministry of Energy commented.
The Ministry of Energy recently developed the Emirates Solar web application “Shuaa”, which helps users evaluate any property in the UAE and determine its potential return on investment for the deployment and management of solar panels.
According to the Renewable Energy Market Analysis report by IRENA, GCC is experiencing an extraordinary surge in energy consumption, rising on average some 5% per annum during the 2000s. In the last few years, together the GCC countries have overtaken major consumers such as China, India and Brazil in terms of consumption growth, thereby reducing the share of production that can be exported.
The Big 5 Solar Summit
The Ministry of Energy UAE is organizing the Big 5 Solar and Global Solar Leaders’ Summit focusing on solar technology, with lively debates, clear business-relevant focus groups and a very high degree of interaction. The Summit, which is set to take place this November 26 – 29 2017 is dedicated to driving a solar powered world and building the solar community of tomorrow.
“The Big 5 Solar will provide a mutual business space where industry professionals can source solutions to solar energy in particular, allowing them to take full advantage of the opportunities going forward.” said Josine Heijmans, Portfolio Director of The Big 5 Solar.
The Big 5 Solar hopes to pursue the escalating green demands in the GCC market by showcasing solar technologies from local and international exhibitors, as well as offering an education agenda geared towards industry development.
Speaking about the education agenda, Heijmans evaluates that “highlighting the latest trends and practices in the solar industry is a means to foresee future challenges faced by the booming industry, opening the floor to practical solutions, and making way for more opportunities to arise”
The event will also feature high-level free-to-attend CPD certified Solar Talks covering topics such as the connection between solar and construction, the impact of VAT on the solar industry, and the role of small and medium enterprises in developing the solar industry.