|01-22-2015, 04:44 PM||#1|
DEWA hikes renewable energy targets to 7% by 2020, 15% by 2030
Dubai Electricity and Water Authority (DEWA) is planning to increase the percentage of renewables in its energy mix targets to 7% by 2020 and 15% by 2030.
At a discussion panel on the third day of the World Future Energy Summit 2015, the CEO of DEWA Saeed Mohammed Al Tayer updated his vision of energy diversification, with new targets — if achieved, will allow the country to cope with any interruption of electricity and water supplies on the back of any natural disaster or due to the rising demand for energy as population grows.
Dubai is looking forward to generating 70 percent of its power capacity from natural gas, while the rest from coal, renewable energy and nuclear energy.
Demand for electricity in the Gulf Cooperation Council is forecast to more than double by 2030.
Furthermore, the population of Dubai is expected to increase over the coming years, especially as it hosts the 2020 EXPO. The UAE remains a safe haven country despite the political upheavals in the MENA region; this means higher consumption of electricity and water.
The UAE is the only Gulf country that relies less on its energy production; almost by 30 percent, as a result of its flourishing growth of its tourism and retail sectors, besides being the world`s central hub for technology and hotels.
Another pillar of UAE growth is small-and-medium-sized enterprises (SMEs). which are continuously launching across the Emirates, with limitless number of foreign investments launching each year.
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