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UAE Plans to Invest AED 200B in the Renewable Energy Sector

  • Publish date: Wednesday، 05 July 2023 Last update: Tuesday، 10 December 2024
UAE Plans to Invest AED 200B in the Renewable Energy Sector

The UAE has set out to triple its renewable energy output by 2030, which includes investments worth AED 200 billion in this sector. 

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The Prime Minister of the UAE and the Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum shared these plans as part of the national energy strategy on Monday, Jul. 3, which will help the country meet the increasing demand for energy.

The plan was approved by the UAE Cabinet and it also includes a hydrogen strategy, a national network of EV charging stations, and the regulation of the EV market, which has set a strong precedent for COP28.

According to the Director General of the International Renewable Energy Agency Francesco La Camera, UAE's national strategy aligns with the World Energy Transitions Outlook, which emphasizes that UAE is on the right path towards a greener future. 

Image source: Masdar YouTube Channel

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