UAE to depend on new renewable methods to produce 30% of power by 2030; GlobalData

  • Date: 12-Jul-2022
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:UAE
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UAE to depend on new renewable methods to produce 30% of power by 2030; GlobalData

The UAE seeks to cut its reliance on thermal power and generate 30 percent of its electricity from clean energy by 2030, according to the leading data and analytics company GlobalData.

The UAE mainly depends on thermal power to generate most of its electricity, with 92.6 percent of its total electricity produced from thermal power in 2021.

GlobalData’s latest report, ‘UAE Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035’, has also revealed that the UAE is working to introduce pumped hydro into the country’s power mix. This is expected to start with the Al Hattawi pumped storage plant when it begins commercial operations in 2026.

The project is being designed to use and store water from the existing Hatta dam for generating electricity during peak demand periods.

As per the statement, the project was launched as part of the Dubai Clean Energy Strategy 2050, which aims for three-quarters of the UAE’s total power output to be from clean energy sources by 2050.

Mr. Attaurrahman Ojindaram Saibasan, Senior Power Analyst at GlobalData, said that, “The largest source of clean energy opportunities is expected to emerge from the renewables sector, especially solar. Conditions in the UAE are ideal for solar power generation, and the government