阿联酋可再生能源行业投资-英

INVESTING

IN

RENEWABLES

IN

THE

UAETABLE

OFCONTENTSv

Renewables

as

an

Industryv

Growthoutlookfor

RenewablesinUAEv

Ecosystemfor

Investment

inRenewablesin

UAEv

Key

governmentstakeholdersandindustryassociationsinUAE

Renewables2THEUAE

RENEWABLE

ENERGY

INDUSTRY

CONSISTS

OFAWIDERANGEOFSOURCESSOLAR

ENERGYWIND

ENERGYNUCLEAR

ENERGYWASTE-TO-

ENERGYEnergy

that

can

be

harnesseddirectly

from

the

sun

to

generateelectricity

or

heat

water.

SolarEnergy

is

integrated

worldwidethrough

two

ways

–

Photovoltaicsand

Concentrated

Solar

Power(CSP).Wind

is

used

to

produce

electricityusing

the

kinetic

energy

created

byair

in

motion.

This

is

transformedinto

electrical

energy

using

windturbines

or

wind

energy

conversionsystems.Waste-to-energyistheprocessofgeneratingenergyin

theformofelectricityorheat

from

theprocessingofmunicipalsolidwaste.Thisinturnreducestheamount

ofnon-recyclablewaste

sent

tolandfills.Nuclear

energy

is

the

energy

in

thenucleus,

or

core,

of

an

atom.Nuclear

energy

can

be

used

tocreate

electricity,

and

it

is

releasedfrom

the

atom

through

the

processofnuclearfission.GEOTHERMAL

ENERGYHYDROPOWERHYDROGENGeothermal

energy

is

the

heatcontained

in

the

rocks

and

fluidsHydropower,

or

hydroelectric

power,is

one

of

the

largest

sources

ofrenewable

energy,

which

uses

thenatural

flow

of

moving

water

togenerate

electricity.Hydrogen

is

an

energy

carrier

thatcan

be

used

to

store,

move

anddeliver

energy

produced

from

othersources,

which

are

classified

basedon

colours

such

as

Grey

Hydrogen,beneaththeearth’scrust.Geothermal

energy

is

produced

bydigging

deep

wells

to

access

steamand

hot

water

to

drive

turbinesconnectedto

electricitygenerators.BlueHydrogenandGreenHydrogen3GLOBAL

RENEWABLE

INDUSTRY

OVERVIEWGrowing

Global

Renewable

IndustryWorld

net

electricity

generation

from

renewablestrillionkilowatt-hours§

Theglobaldemandforrenewables

grew

by

3%

in

2020

andisset

to

increaseacrossallkey

sectors–power,

heating,industryandtransport,makingrenewableasuccessstory

even

duringtheCOVID-19era.25§

Theglobalrenewableenergy

market

was

valuedat

$881.7billion

in

2020

andisprojectedto

reach$1,977.6billion

by

2030,growingat

aCAGRof8.4%from

2021

to

2030.§

Long-term

contracts,

priority

access

to

the

grid,

and

continuousinstallation

of

new

plants

underpinned

renewables

growth

despitelowerelectricitydemand,supplychainchallenges,andconstructiondelaysinmanypartsoftheworld.2015105OtherGeothermalSolar§

Theshareofrenewables

inglobalelectricitygenerationreachedalmost29%in2020,arecordannualincreaseoftwo

percentagepoints.Wind§

ThiswouldbetheirhighestsharesincethebeginningoftheIndustrialRevolution

andupfrom

lessthan27%

in

2019.§

Renewables

are

set

to

accountforalmost95%

oftheincreaseinglobalpowercapacitythrough2026,

withsolar

PV

and

wind

expectedto

contributetwo-thirds

of

renewables’

growth.§

Despiterising

costs

andcontract

prices,windandsolar

PV

generationcostsremain

lower

thanfossilfuel

alternatives,especiallygiven

current

highnaturalgasandcoalprices.Hydro020102020203020402050Source:

IEA

(internationalEnergyAgency),eia(USEnergyInformationAdministration)4RENEWABLE

INDUSTRY

FUTURETRENDSElectrificationIncreased

Power

System

Flexibility§

Flexibilityin

powersystemsisakey

enablerfortheintegration

ofhighsharesofvariablerenewable

electricity

–thebackboneoftheelectricitysystemofthefuture.§

Electrificationrefers

to

theprocessofreplacingtechnologiesthatusefossilfuels(coal,oil,andnaturalgas)withtechnologiesthat

useelectricityasasourceofenergy.§

Theelectrificationofenduseswilldriveshiftingtrendstowards

non-fuelpoweredtechnologiessuchaschoosingelectrictransportationovertheconventional

transportationsystems,etc,whichin

turnwouldreduce

CO₂

emissions.Power

systemswillachieve

maximumflexibility,basedoncurrent

andongoinginnovationsin

enablingtechnologies,businessmodels,market

designandsystemoperation.§Green

HydrogenFoster

Innovation

to

Address

Challenging

Sectors§

Hydrogen

canofferasolutionfortypesofenergydemandthat

arehard

to

directlyelectrifybut

almost

allofthiscomesfrom

fossilfuelsorfrom

electricitygeneratedby

fossilfuels.§

AstheIEApointsout,

integration

ofgreen

hydrogen

wouldsave

the830milliontonnesofCO2that

are

emittedannuallywhenusingfossilfuels.§

Withdrasticallyincreasingenergyconsumption,solutionsto

furtherreducefossil-fueluseincludeincreaseddirect

useofrenewableenergy,energyefficiencyandstructuralchangesthat

canreduceenergydemand,anddeeperelectrification.§

However,

more

willstillbeneeded,in

particularforsectorssuchasshipping,aviation

andheavyindustry,

requiring

to

fosterinnovations.Source:IRENA(InternationalRenewableEnergyAgency)5RENEWABLE

INDUSTRY

INTHEMENAREGIONOVERVIEW

(1/2)§

Within

the

Middle

East

and

the

Africa

(MENA)

region,

the

increasedAdditionsoflow-carbonenergycarriersfor

electricitybyindustrial

activity

and

increasing

population

have

influenced

the

driveinstalledcapacityin

MENA(2019–2025)towards

renewables

to

bereflectedineachcountry’sstrategy.§

The

Middle

East

Institute

(MEI)

estimates

that,

if

fully

exploited,

MENAwould

have

the

capacity

to

produce

solar

power

to

a

level

that

wouldamountto

60

percent

ofglobalelectricitydemand.§

The

pace

of

renewable

capacity

growth

in

the

MENA

is

estimated

to

doubleover

by

2026,

compared

to

between

2015

-

2020,

from

15

GW

to

over

32GW.§

One

common

driver

is

the

cost-effectiveness

of

solar

PV

to

meet

climategoals

and

fossil

fuel

diversification

needs.

Solar

PV

accounts

for

more

thantwo-thirds

oftheregion’srenewablecapacitygrowth.MENA(2020–2024)Power

Investmentsby

status(USDbn)§

The

share

of

MENA’s

solar

PV

growth

taking

place

in

net

fossil

fuelexporting

countries

is

expected

to

increase

from

40%

to

67%

over

2021-2026.§

From

2015

onwards,

the

development

of

renewable

energy

across

MENAhas

enjoyed

significant

growth,

as

shown

by

the

International

RenewableEnergyAgency(IRENA).§

In

2016,

$11

billionwas

invested

in

the

renewable

market

across

MENA

–

astaggeringleapcomparedto

$1.2

billion

in

2008.KSAUAEEEggyy

pptt

Kuwait

NigeriaIranMoroccoIraqOmanQatarBahrain

Jordan

TunisiaLebanonCommittedPlannedSource:IRENA(InternationalRenewableEnergyAgency),MESIA(MiddleEastSolarIndustryAssociation)andAPICORP(TheArabInvestmentPetroleumCorporation)6RENEWABLE

INDUSTRY

INTHEMENAREGIONOVERVIEW

(2/2)§

The

growing

use

of

renewables

across

MENA

is

intrinsically

linked

to

thearea’s

socio-economic

development,

as

its

deployment

will

not

only

reducecarbonemissions,

but

also

increaseeconomicdiversification

and

growth,

ahealthier

balance

of

trade,andopportunities

for

job

creation.§

This

is

best

exemplified

by

Morocco,

where

the

development

of

a

localindustrysurroundingsolarwaterheaters

hasservedtocreate

13,000

jobs.§

Across

the

region,

the

combined

energy

goals

of

various

countries

translateto

an

expected

80

GW

of

renewable

capacity

by

2030,

based

on

thesuccessfulfruitionofthesecommitments.§

This

is

evidenced

by

initiatives

such

as

the

Pan-ArabClean

Energy

Initiative(PACE),

a

key

component

of

the

future

roadmap

for

renewables

acrossMENA.§

As

part

of

the

MENA

established

initiatives,

the

region

is

putting

in

effortsto

take

the

maximum

benefits

of

the

solar

power

though

modified

energystorage

solutions,

improved

cell

andmodulestechnologies,

along

with

newfields

of

actions

such

as

floating

solar

panels,

building

integratedphotovoltaics

(BIPV)

andorganic

thin-film

photovoltaics.Source:IRENA(InternationalRenewableEnergyAgency),MESIA(MiddleEastSolarIndustryAssociation)andTheEconomist7TABLE

OFCONTENTSv

Renewablesas

an

Industryv

Growth

outlook

for

Renewables

in

UAEv

Ecosystemfor

Investment

inRenewablesinUAEv

Key

governmentstakeholdersandindustryassociationsinUAE

Renewables8GROWTH

OUTLOOK

FORRENEWABLES

INVESTMENTINTHEUAE2.3

GW9

GWInstalled

renewable-based

capacity(2020)Targeted

installed

renewable-basedcapacity

(2025)21%7%Predicted

renewable

share

in

total

installedpower

generation

capacity

(2030)Share

of

renewables

in

total

installedpower

generation

capacity

(2020)$40

billion$163

billionInvestment

by

UAE

towards

renewablemarket

(between

2006-2021)Planned

Investment

byUAE

towardsrenewable

market

by

2050Source:IRENA(InternationalRenewableEnergyAgency),eia(USEnergyInformationAdministration)andTheEconomicTimes9ENERGY

DEMANDINTHEUAEPeak

power

demand

of

Dubai

in

the

UAEfrom2004

to

2020GW109UAEexpects

the

demand

for

energy

to

increase

by

9

per

cent

annually8§

The

UAE's

gross

domestic

electricity

consumption

more

than

doubled

between

theperiod

of

2005

-

2015,

and

was

expected

to

grow

even

more

rapidly

by

2020

withsubstantialpopulation

and

economic

growth.7654§

In

the

UAE,

demand

for

electricity

is

increasing

year-on-year

and

this

is

driven

by32growthin

population,

industrialisation

and

urbanisation.§

Total

energy

consumption

of

UAE

per

capita

stands

high

(the

11th

highest

worldwide

in2020)

and

per

capita

electricity

consumption

also

stands

high

at

12.5

MWh

in

202010(9

highest

in

the

world),

because

of

air

conditioning

in

buildings

and

electro-intensivethindustries.§

As

per

IEA’s

analysis,

the

highest

sector

that

consumes

energy

in

UAE

is

the

IndustrySector

followed

by

transport

and

residential

sector.

Agriculture/forestry

sectorconsumetheleast

energywithintheUAE.Peak

power

demand

of

Abu

Dhabi

in

the

UAEfrom2000

to

2030GW30252015105TJTotalfinal

consumption

(TFC)

by

sector,

United

Arab

Emirates

1990-20192000000150000010000005000000IndustryTransportResidentialCommercial

and

public

servicesAgriculture

/

forestryNon-energy

useNon-specified02000201020152020*

2025*

2030*1990199520002005201020152019Source:IEA(InternationalEnergyAgency),PWC,Statistaand

Enerdata10RENEWABLE

INDUSTRY

GROWTH

ENVIRONMENTINTHEUAE

(1/2)Overall,

UAE’s

Renewable

sector

has

been

growing

rapidly

to

makeUAEas

a

country

with

net-zero

emission

by

2050.§

In

alignment

with

UAE’s

NationalEnergyStrategy

2050,

UAE

has

beenrapidlyincreasing

theirrenewable

energycapacityoverthepast

years.§

The

installed

renewable

capacity

of

the

UAE

reached

2.3GW

by

the

endof2020,around91%

ofwhichcomprisesofsolar

PV

projects.§

Solar

PV

additions

are

going

to

pile

up,

especially

from

2022,

and

drivethe

country’s

total

renewable

capacity

to

9

GWby

the

end

of

2025,

withaCAGR

of31%.§

UAE

also

provides

lowest

tariff

prices

with

solar

PV

being

availableat

1.35

cents

per

kilowatt

hour,thelowest

rate

in

the

world.§

The

share

of

renewable

energy

in

UAE’s

power

generation

mix

is

set

toincreasefrom

7%in2020

to

21%in2030,andto

44%by

2050.§

With

increase

in

renewable

in

UAE’s

energy

mix,

UAE

predicts

to

save$192

billion

as

it

reduces

its

dependency

on

subsidized

natural

gaspower.§

Additionally,

the

efforts

of

UAE

in

the

renewable

market

has

beeninstrumentalinattracting

foreign

investments.§

In

2019,

the

UAE

registered

the

highest

growth

inrenewable

energyinvestments,realizing

a1223%increasecomparedto

2018.Source:RystadEnergyRenewableCube,BostonUniversityforSustainableEnergy,andMordorIntelligence11RENEWABLE

INDUSTRY

GROWTH

ENVIRONMENTINTHEUAE

(2/2)UAEis

an

active

participant

in

exploring

different

renewable

energy

sources

to

achieve

UAE’s

National

Energy

Strategy

2050§

Among

the

Middle-East

renewable

energy

installed

capacity,

the

UAE

accounted

for

about

more

than

50%

of

the

region’s

total

renewable

energyinstalledcapacity.§

By

2020,

UAE

had

more

than

6%

share

of

renewable

energy

in

total

electricity

capacity.

With

upcoming

and

under

construction

renewable

energyprojects,theshare

isexpectedto

reach

40%,inalignment

withUAE’s

NationalEnergyStrategy

2050.§

Among

the

seven

emirates

that

make

up

the

UAE,

the

majority

of

renewable

activity

is

concentrated

in

Abu

Dhabi

and

Dubai,

which

togetheraccounts

for

over

90%(8.2GW)

of

forecasted

totalcapacity

in

2025.

The

remaining

0.9GWof

capacity

will

come

from

projects

in

otheremirates,suchasUmmAlQuwain,Ras

AlKhaimahandSharjah.§

Majorprojectsexpectedto

drivethisgrowthincludefoursolarfarms,theAl

Dhafra

(2GW),Abu

Dhabi

PV3

(1500MW),

Mohammed

Bin

Rashid

AlMaktoumPark

PhaseI

Va

and

IVb

(950MW)

and

Mohammed

BinRashid

AlMaktoumPark

PhaseV(900MW),

all

of

which

are

in

various

stagesofdevelopment.§

Companies

within

UAE

have

joined

forces

to

create

a

globalrenewableenergy

and

green

hydrogen

venture

that

will

have

a

generating

capacity

of30

GW

by

2030,alongwithdomesticandinternationalrenewable

energyandwaste-to-energyprojects.20104%202020506.90%6%12%Change

in

UAE’sElectricity

Share(2010-2050)Natural

G

asRen

ewableNuclearNatural

G

asRen

ewableNuclear38%Natural

Gas44.00%CleanCo

al89%100%Source:RystadEnergyRenewableCube,BostonUniversityforSustainableEnergy,andMordorIntelligence12SOLAR

ENERGY

MARKETINTHEUAE

(1/2)§

UAE

hasbeenat

theforefront

ofthecleanenergytransitionin

theGulfregionin

termsofPV

deployment

and

generation

in

thecountry’sambitiousrenewable

targets.§

TheUAE

solarenergymarket

hasan

installedcapacityofnearly1.7

GW

(asof2019)expectedto

record

aCAGR

ofmore

than15%in

theforecast

period,2020-2025.Operational2019

Indevelopment§

Factors,

suchasencouraging

government

policies,pressure

to

decreasedependency

on

fossils

and,falling

system

prices

for

solar

panels

areencouragingthegrowthofthesolarmarket

in

theUAE.§

Theadaption

of

theUAE

EnergyStrategy

2050,thecountryisset

to

increasethecleanenergyshare

to

7%

by

2020

and44%by

2050

by

investingmainlyinsolarenergy.§

InUAE,PV

solarpanelsheldashare

ofmore

than

80%

ofinstalledsolarcapacityin2018,withan

installedcapacityofaround500

MW,whereasConcentratedSolarPanels(CSPs)contributed100

MW

ofsupplyto

thegrid.§

Observingtheongoingproject

developmentsin

PV

solar

panels,theyare

goingto

holdasignificant

market

in

comparisonwithConcentratedSolarPanels.§

Photovoltaicsolarcellsgenerated0.9

TWh

ofelectricityin

2018,adding0.4TWh

to

theelectricitygeneratedin

2017.Thus,it

witnessedasurgeof80%intheshare

ofelectricitysupplyandgenerated1.6%

ofUAE’s

electricitydemand.§

UAE

alsoprovideslowest

tariffpricesin

theworldwithSolarPV

beingavailableat

1.35

cents

per

kilowatt

hour,thelowest

rate

intheworld.Source:IRENA(InternationalRenewableEnergyAgency),MordorIntelligence,ArabianBusinessandS&PGlobalPlatts13SOLAR

ENERGY

MARKETINTHEUAE

(2/2)Noor

Solar

Farm••Existing

and

planned

solar

projects

in

the

region

are

driving

PV

solarenergy

growth

significantly.The

world’s

largest

stand-alone

operational

solar

plant,

Noor

Abu

Dhabi,started

generating

power

in

July

2019,

with

a

capacity

of

1,177MW

that

isexpectedto

meet

thepowerneedsof90,000

people.Abu

Dhabi•The

world’s

largest

single-site

solar

park

in

the

world

based

on

theIndependent

Power

Producer

(IPP)

model,

Mohamad

bin

Rashid

AlMaktoum

Solar

Park,

with

an

estimated

investment

of

USD

13.6

billion,could

power

as

many

as

1.3

million

homes,

reducing

carbon

emissions

by6.5

million

tonnes

annually,Mohammed

binRashid

Al

MaktoumSolar

ParkDubai••The

project

is

expected

to

complete

its

third

phase

by

2020.

It

is

expectedto

generate

5

GW

ofenergyaftercompletionin2030.In

February

2020,

with

the

installation

of

United

Arab

Emirates’

firstfloating

solar

farm

near

Nurai

Island,

Abu

Dhabi,

with

a

capacity

of

80kW,theUAE

isset

to

explorenewpossibilitiesinthesolarmarket.With

excellent

geographical

advantage

and

an

average

sunlight

duration

of10

hours

a

day,

the

UAE

holds

a

strong

potential

for

solar

energy

in

thecomingfuture.Al

Nurai

IslandSolar

FarmAbu

Dhabi•Source:IRENA(InternationalRenewableEnergyAgency),MordorIntelligence,andArabianBusiness14WINDENERGY

MARKET

INTHEUAE§

UAE

hasstartedexploringthepotentialof

Wind

EnergythoughUAEexperienceslow-velocity

winds

andhigh

potential

of

solar

in

thecountry.§

Currently,

UAE

isfocusingtowards

diversifying

renewable

energy

mixandthepotentialofwindenergyisbeingstudiedto

agreat

extent.§

Asaresult,theregion’s

first

wind

turbine

was

installedonSir

Bani

Ya

sIsland

in

AbuDhabi.§

Thewindturbine,whichstands65

metreshighandhasthreerotorbladeseachwitha52-metrewingspan,hasaproductioncapacityof850kW/h.§

AfterthesuccessoftheUAE’s

first

windturbine,

DubaithroughtheirpreliminarystudyhasidentifiedHatta

asapotentialsiteto

developUAE’s

first

wind

farmwitha

capacityof28MW.§

Furthermore,more

emirates

are

lookinginto

thepotentialofwindenergyin

theirrespectiveareas

suchasFujairah

.§

Afeasibilitystudyonwindenergypotentialin

Fujairah

was

presented,withtheaimto

set

upfour

wind

farms

withthecapacityto

generatebetween

130

and

200

megawatts

of

electricity

per

year.Sir

Bani

Ya

s

Island

Wind

TurbineAbu

DhabiSource:Asia

WindEnergyAssociation,GulfNewsandMiddleEastEnergyandUtilities15NUCLEARENERGY

MARKETINTHEUAE§

Nuclear

Energy

emergedasaproven,

environmentally

promising

andcommercially

competitive

option

whichcouldmake

asignificantbase-loadcontributionto

theUAE’s

economyandfuture

energysecurity.§

InApril

2008,theUAE

independentlypublishedacomprehensivepolicyonnuclearenergy.

Thepolicyprojectedescalatingelectricitycapacityrequirementsfrom

15.5

GWe

in

2008

to

over

40

GWe

in

2020.§

Thisledto

creation

ofaregulatory

framework

andselection

of

a

sitebetween

AbuDhabicityandRuwais,at

Barakah,250kmwest

ofAbuDhabicity.§

In

2009,Emirates

Nuclear

Energy

Corporation

(ENEC)

was

establishedandfundedwith$100

million

to

evaluate

andimplement

nuclearpowerplantswithintheUAE.§

TheUAE

iscurrentlybuilding

four

units

at

theBarakah

Nuclear

PowerPlant,andtheproject’soverall

completionrate

asofMarch2021ismorethan

95%.§

Whenallfourunitsoftheplant

start

operatingcommercially,theplant

willproduceupto

25%

ofthecountry'selectricityrequirementswithzero-carbon

emissions,

sincetheplant

willbepowered

by

renewables.Barakah

Nuclear

Power

Plant§

In2020,UAE

becamethenewest

memberofan

exclusiveclubof31countriesrunningnuclearpoweroperations.Abu

Dhabi§

Itisalsothefirst

new

country

to

launchanuclearpowerplant

in

threeSource:eia,WorldNuclearAssociationEmiratesNuclearEnergyCorporationandCNBCdecades,thelast

beingChinain

1990.16WASTE-TO

-ENERGY

MARKET

INTHEUAEWTEplantscurrentlyunderconstructionintheUAE§

In2017,EmiratesWaste

to

Energy

Company

(EWTE)

commencedbuildingtheUAE’s

first

WtE

(Waste-to-Energy)plant

in

Sharjah,

whichwilldivert

over300,000

tonnes

from

landfilleachyearandproduce

240,000

–

megawatt

hours

ofcleanenergy.§

Thisproject

willhelpUAE

inachievingits2021goalofdiverting75%ofitsmunicipalsolidwaste

from

landfillsites.§

InDubai,themunicipalityappointedaconsortiumincludingItochu,

Hitachi

ZosenInova

and

Besix,

to

developa$1.1bn

WtE

plant

in

Warsan,aformerlandfillsite.§

Thefacilitywillprocess1.9

million

tonnes

ofmunicipalsolidwaste

peryearandproduceapproximately

200MW

ofrenewable

electricity,makingit

oneofthelargest

in

theworld.§

Ras

Al-Khaimah

isdeveloping

an

Energyfrom

Waste

Programme,whichfocusesonmeetingat

least

2%

oftheprimaryenergydemandoftheemirate

from

wasteby

2040,aspart

ofRAKRenewable

Strategy

2040.§

Abu

Dhabi

Department

ofEnergylaunchedinitsPolicy

forEnergyproductionfrom

Waste

in

theemirate

to

support

a

sustainable

growth

and

circulareconomy.§

AbuDhabi,isalsoplanningto

develop

WtEcapacityby

inviting

firms

to

submitprequalification

documentsforaWtEproject

undertheindependent

powerproducer(IPP)model.§

TheacceptedWtEplant

willbelocatednearAl-Dhafra

landfill

siteinAbuDhabi,Source:BloombergGreen,MiddleEastEnergy&UtilitiesandMasdarandwillhave

an

expectedprocessingcapacityof

between

600,000

and

900,000tonnes

ofwaste

peryear.17GEOTHERMAL

ENERGY

MARKET

INTHEUAE§

UAE

isalreadylookingat

Geothermal

energy

to

beaviableoptionforalternativeenergyasthecountryislookingto

diversifytherenewable

energysources.§

Studiesshow

Geothermalenergyfrom

underneaththeEarth’ssurface,theheatthat

makeshot

springs,shouldbeat

temperaturesofmore

than200°Cto

beaprimecontenderfor

power

generation.§

TheUAE’s

temperaturesare

muchlowerthanthis,makinggeothermalmoreappropriate

forapplicationslike

powering

desalination

plants.§

Dubaiisalreadyconsideringtheuseofgeothermalenergyto

providepowerneeds

in

desalination

plants,withpreliminarystudiesinto

theenergysourcealreadyshowingpromising

results.§

Dubai

Electricity

and

Water

Authority

(DEWA)isrequesting

proposalsforanearly-stagefeasibilitystudyonproducing

geothermalenergy.§

National

Central

Cooling

Company

(Tabreed)isset

to

test

theregion’s

firstgeothermal

technologyin

partnershipwithMasdar.§

Thetwo

geothermalwells,locatedat

Masdar

City,

Abu

Dhabi,willbestudiedtoascertaintheviabilityofgeothermalenergytechnologyanditsabilitytosignificantlyreduce

energyconsumption.Forillustrativepurposesonly§

Furthermore,UAE’s

studieshave

presentedAl

Ain

andRas

Al

Khaimah

aspotential

geological

sites

withrequired

hot

springreservoirs,temperaturesandsizes.§

Theseareas

willhave

theabilityto

provide

1,000

MW

ofelectricityusingtheSource:GulfNews,AdgecoGroup,and

InternationalDistrictEnergyAssociationgeothermalenergieswhichwillprovide

energyto

powerhundredsofhomewithoutgeneratingCO2emissions.18HYDROPOWER

MARKETINTHEUAE§

In2018,UAE

announceddevelopmentsinthefieldofHydroelectricpower

withinthecountryaspart

ofUAE’sEnergyStrategy

2050,focusingonincreasingcleanenergyin

thetotalenergymixfrom

25%

to75%.§

Dubai

Electricity

and

Water

Authority

(DEWA)

isbuildingGCC’s

firsthydroelectric

power

plant

inHatta.§

ThePumped

Storage

Hydroelectric

250

MW

project

in

Hatta,134kmeast

ofDubai,willusewater

resourcesfrom

an

existing1,716

million-galloncapacityHattaDam.§

Withaninvestment

ofDh1.347

billion,theproject

isexpectedto

lastupto

80

years

andisscheduledto

becommissionedby

February

2024.§

D