The UAE’s minister of energy Suhail Al Mazrouei has revealed that the UAE expects to tender at least 1GW of renewable energy projects every year as it intensifies its push for an energy mix.
The country has set a target to generate 44 per cent of power from renewables by 2050
“We are seeing at least a 1,000 megawatt of mega-projects every year to meet 44GW…from now until 2050 and that I think is achievable because it makes sense economically and most of that is going to be for the private sector,” Suhail Al Mazrouei told The National on the sidelines of a conference in Abu Dhabi.
Al Mazrouei said the prices for concentrated solar power (CSP) will continue to fall and will become competitive to that of gas.
Falling prices for CSP have led to its gradual uptake in mega-projects in the Middle East. In September, Dubai launched the world's largest CSP plant - a 700MW extension to the existing Mohammed bin Rashid Al Maktoum Solar complex, which is set to provide more than three times the capacity initially planned.
Last year, the UAE announced its ambitions to cut carbon dioxide emissions by 70% by 2050, increase clean energy use by 50 per cent and improve energy efficiency by 40 per cent by the middle of the century, resulting in savings worth Dh700 billion.
The country, which currently derives around 98 per cent of its energy needs from gas, has set a target to meet 44% of its energy from renewables, 38 per cent from gas, 12 per cent from fossil and the remainder from nuclear.