UAE to invest up to Dh200 billion in renewable energy – The National

UAE to invest up to Dh200 billion in renewable energy – The National

The UAE is to invest hundreds of billions of dirhams in the renewable energy sector, it was announced on Monday.

Making the announcement on social media, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, said that the latest Cabinet meeting resulted in the approval of an updated national energy strategy.

“Our goal will be to triple the contribution of renewable energy in the coming seven years and inject national investments ranging from Dh150 to Dh200 billion during the same period to meet the increasing demand for energy in the country due to the accelerated economic growth,” Sheikh Mohammed wrote.