Italy expects green energy exports to UAE to grow over 10 years – The National

  • Date: 17-Jan-2022
  • Source: The National
  • Sector:Oil & Gas
  • Country:UAE
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Italy expects green energy exports to UAE to grow over 10 years – The National

Italy, the eurozone's third-largest economy, expects double-digit growth in the value of renewables industry components that Italian companies export to the UAE over the next five to 10 years, driven by the Emirates' push to achieve its net-zero ambitions.

The Arab world's second-largest economy is driving the renewable energy agenda and is investing heavily in increasing the percentage of green energy in its power mix. That momentum is opening new avenues of business for Italian companies, Amedeo Scarpa, Italy’s trade commissioner for the UAE, Oman and Pakistan, told The National in an interview.

“This is a trend for the next five to 10 years,” Mr Scarpa said.