Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar), during their participation in the World Energy Conference, which concluded in Abu Dhabi recently, confirmed that the UAE has succeeded in participating in mapping renewable energy around the world. For clean energy.

At a time when DEWA said that the experience of using the private sector to implement clean energy projects has proved a great success in Dubai, Abu Dhabi Future Energy Company «Masdar», pointed out that it has succeeded in playing a major role globally.

She pointed to «Emirates Today» to the three main challenges facing the sector, namely: the intensity of competition between companies, especially in local projects, and the difficulty of obtaining financing in some investment areas outside the country, in addition to the need to keep up with the latest technologies.

Clean Energy Center

Saeed Al Tayer, Managing Director and CEO of DEWA, ​​said that the UAE is a clean energy center, a local and federal strategic direction, pointing out that the UAE has succeeded in bringing large companies to invest in its projects, especially solar energy. Dubai also managed to get the best international price.

He stressed that following up on the development of this industry, and its modern technologies, is important and a great challenge, as this means obtaining competitive prices, attracting more investments, expanding projects, and replacing and replacing old stations with modern and sophisticated ones.

Al Tayer pointed out that the experience of using the private sector to implement clean energy projects has proved to be a great success in Dubai, thanks to these partners having advanced technologies and modern solutions.

Growth and Challenges

Masdar Chief Executive Mohammed Jameel Al Ramahi said there has been continued growth in renewable energy demand and high levels of participation have been set in strategic plans to reach 50% of the energy mix by 2050.

He added that «Masdar» has succeeded as a company during the past decade, to play a major role globally, and spread its investments to cover many destinations, stressing that the challenges faced by the company difficult to obtain financing in some foreign investment destinations, unlike the local market for example, where banks are racing in financing And provide diverse solutions. Masdar has strategic partners and global well-known names, which is a major support to overcome the challenge of providing funding for overseas projects.

Energy Map

Yousef Al-Ali, Director of Business Development at the Clean Energy Department at Masdar, Abu Dhabi, said that the UAE has been successful in mapping renewable energy around the world, both through in-house projects that are being implemented and bringing in major international companies. Masdar is now a major player in the global market.

He stressed that the state's reputation in this sector has made competition in its market a major challenge faced by companies operating, including «Masdar».

He pointed out that the intense competition to win the projects put forward, due to the international standards in place, always put companies in standby, both in terms of keeping up with the techniques and in the way of implementation and management of work, to ensure the efficiency of implementation, stressing the «Masdar» have the potential and great potential to win With many local and international tenders.