UAE to grow its renewable energy portfolio 4 times in 7 years: Al Jaber

UAE to grow its renewable energy portfolio 4 times in 7 years: Al Jaber

The country has built three of the largest and lowest-cost, single-site solar plants in the world

Published: Wed 29 Mar 2023, 5:12 PM Last updated: Wed 29 Mar 2023, 5:54 PM

The UAE will grow its renewable energy portfolio four times through Masdar from the existing 25,000 megawatts to over 100 gigawatts by 2030, said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate.

While delivering a keynote speech at the Berlin Energy Transition Dialogue Conference 2023 (BETD) on Wednesday he invited German and global firms to work with the UAE to deliver commercial renewable energy projects in every region in the world.

Highlighting the UAE’s achievements, he said the UAE has built three of the largest and lowest-cost, single-site solar plants in the world.

The UAE will host the climate change conference COP28 later this year and the UAE Minister stressed that it would do so with a commitment to truly correct the course, and enable meaningful, practical, pragmatic, transformational progress.

World losing race

He said Inter-governmental Panel on Climate Change (IPCC) report last week sent a clear message and warned that the world is losing the race to keep temperatures from rising 1.5 degrees above pre-industrial levels.

“We have a