UAE Energy Sector – Changing Climate and Business Opportunities

UAE Energy Sector

 

The global climate is adversely affected due to polluting technologies that are pumping excessive carbon dioxide into the atmosphere. We burn fossil fuels like oil and gas for acquiring necessary energy for daily needs. As a result, these fossil fuels have become harder and expensive to source. Fossil fuels like oil, gas and coal are non-renewable energy sources causing great damage to our ecosystem. Thus, we need to switch over clean energy sources.

The oil-rich nation, UAE has led the way in becoming an early adopter of renewable energy resources. The reliance on oil and gas for energy production is well recognized by the nation and it has become important to develop other energy sources in order to maintain the ecological balance.

The United Arab Emirates is investing massively in a whole range of clean energy initiatives influencing innovation and new efficiencies. In future, these energy sources will become the key economic driver creating jobs and business opportunities.

UAE is expanding rapidly with exponential growth in the overall economy, development in infrastructure and increasing population. The demand is going very high as the domestic energy consumption is doubled in the last decade.

UAE is bursting with opportunities in clean energy sectors as it is going to play a significant role in future economic growth. The government has planned to increase power generation from clean energy sources by 30% by the year 2030. With such wonderful and eco-friendly aim, UAE is not only bringing lots of business opportunities but also doing a favor to the environment.

Green Energy Sectors in the UAE-

Renewable energy sources have been the best energy sector to rely on. Apart from it, the nuclear energy is also considered as one of the cleanest forms of energy source. From wind and waves to solar and waste-to-energy, green energy sectors in UAE are emerging with huge opportunities.

Let’s learn about some key renewable markets of UAE that are ready to expand:

  1. Solar

Solar energy has the potential to supply most of the Emirates’ energy. It can be harnessed using photovoltaic cells, which converts it directly from sunlight to electricity. The abundance of sunlight and developed technology to harness it has influenced the use of solar power in UAE.

The Mohammed bin Rashid Al Maktoum Solar Park in UAE is one of the largest renewable projects in the world. It’s the first phase is running smoothly. Also, UAE is focusing upon installing solar panels on buildings which will become mandatory by the year 2030.

Also Read: UAE Solar Power: Moving ahead with huge opportunities.

  1. Wind

Together with solar, wind energy is the cheapest source of renewable energy in UAE. The emergence of innovative technologies in wind energy sector has made it a very attractive proposition. Apart from heavy wind turbines, UAE has developed smaller units that can power up building complexes as well as satisfy the domestic demand.

  1. Waste-to-energy

The process of treating waste materials and turning it into electricity is termed as waste-to-energy. This energy resource development has attracted global attention and UAE is taking initiatives to produce power out of it. In Dubai, contractors have been asked to provide proposals for waste to energy projects and it is expected that 2,000 tons of landfill waste will be used in this concept each day.

  1. Electric cars

Electric cars are still not common in UAE but the government is making efforts to promote its use as the Emirates National Oil Company (ENOC) has built 9 charging stations in Dubai. The entry of luxury electric cars in the global automobile market have influenced the use of this kind of eco-friendly vehicles in UAE. This future industry has lot of potential and investments are burgeoning to develop it in UAE.

Also Read: The Future of Public Transport in the United Arab Emirates

 

  1. Green Buildings

Smart energy technology, retrofitting buildings – these are the future scenario of buildings in UAE. Companies have come up with the new concept of buildings that can save up to 30% of the total energy consumption. Green Building focus on construction and development of retrofitting buildings to increase energy savings. It’s more than a clean energy initiative, it’s a promotion of green values to save the environment.

Conclusion

The change is coming, be a part of it.

A growing industry needs two important pillars of infrastructure and manpower. UAE’s clean energy initiatives need engineers, analysts, IT support as well as a well-designed infrastructure. The floodgates are open for huge jobs and business opportunities in UAE in this clean energy sector on which the future depends.

Explore new opportunities in UAE’s energy market using this exclusive business database.

 

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