“The UAE, which previously had modest renewable energy plans (they set as many solar panels annually as the UK), have now changed the approach. A state-owned Masdar company, specializing in restored energy, declared its ambitions at the Great Exhibition in Abu Dhabi.”, – WRITE: epravda.com.ua
The UAE, which previously had modest renewable energy plans (they set as many solar panels annually as the UK), have now changed the approach. A state-owned Masdar company, specializing in restored energy, declared its ambitions at the Great Exhibition in Abu Dhabi. Financial Times writes about it. The UAE has announced the construction of the world’s largest solar power plant for $ 6 billion with a capacity of 5 GW with a battery storage of 19 GW. The project presented to the UAE President will start working in two years. It will provide a stable energy supply (1 GW) for more than 700,000 households, even at night, without the use of gas power plants. The Masdar head called it a step towards converting renewable energy into a base source. Advertising: simultaneously Saudi Aramco, the largest oil company, announced a joint project for the production of lithium (a key component for batteries) since 2027. The Gulf countries, such as Saudi Arabia and UAE, have traditionally relied on large reserves of oil and gas. They plan to increase the production of these resources, but at the same time actively develop renewable energy. It is noted that the use of solar panels, wind turbines and batteries allows them to provide their own energy needs and increase oil and gas exports. Advertising: however, the wider Middle East, including Iran, Iraq, Israel and other countries, is far behind Europe, USA and China in the use of renewable energy. According to the International Renewable Energy Agency (Irena), the Middle East has less than 1% of the world’s renewable energy capacities. However, this region, in addition to China, is developing in this area as soon as possible. The Gulf countries are actively changing their energy structure. According to RYSTAD consulting company, in five years, renewable energy will be 30% of total capacity in Bahrain, Iraq, Kuwait, Omani, Qatari, Saudi Arabia and the UAE. Recall that the United Arab Emirates announced the launch of a unique project of 24 -hour supply of electricity based on solar panels.