Renewable Energy Resources and UAE
The UAE has entered the renewable energy scene later than some, but has made it without leaving anyone doubting its commitment. However dealing with some remnant administrative inefficiencies, and with an aim to be a leader in renewable energy in the region, the UAE is presently reviewing and determining multiple incentive structures to encourage investment.
More specifically, Abu Dhabi emirate has committed $15 billion to meet 7% by 2020 and in spectacular fashion, has committed to planning and constructing the $22 billion Masdar City whose brief was to solely rely on renewable energy to be a “zero carbon” and “zero waste” urban community.
Meanwhile, Dubai currently produces 4.5 MW of energy through solar plants but it is targeting to meet 1% of its energy requirements through solar technologies by 2020, and to arrive at 5% by the end of the following decade.