Green Hydrogen project at Mohammed bin Rashid Al Maktoum Solar Park supports UAE’s competitiveness in green hydrogen markets

Green Hydrogen project at Mohammed bin Rashid Al Maktoum Solar Park supports UAE’s competitiveness in green hydrogen markets

DUBAI, 5th September, 2022 (WAM) -- Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and steady progress, and studies indicate that green hydrogen production will increase by 57 percent annually to reach 5.7 million tonnes in 2030.

The UAE aims to acquire 25 percent of the low-carbon hydrogen market, which is expected to reach more than US$400 billion. The green hydrogen project implemented by Dubai Electricity and Water Authority (DEWA) in cooperation with Expo 2020 Dubai and Siemens Energy at the Mohammed bin Rashid Al Maktoum Solar Park, is a key project in supporting the UAE's efforts to achieve global competitiveness in the green hydrogen market.

Implementing the project, which is the first of its kind in the Middle East and North Africa to produce hydrogen using solar energy, the Solar Park contributes to achieving competitive prices in producing green hydrogen. The production of green hydrogen is mainly carried out through electrolysis using renewable energy sources. DEWA received the lowest solar energy prices (Levelised Cost of Energy) globally five consecutive times, making Dubai a global benchmark for solar power prices.

In addition to that, Dubai provides clear and stimulating regulatory and legislative frameworks, which encourage the