Advertisement
|12 January, 2019

UAE: Energy transition is no longer a choice, but a necessity for a better future

He outlined some of Masdar's local and international renewable projects in 2018 alone.

Abu Dhabi, UAE – Addressing the ninth session of the Assembly of the International Renewable Energy Agency (IRENA), His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, stressed the importance of expediting the deployment of renewable and clean energy around the world to help achieve sustainable development.

He said: “Energy transition is no longer a choice, but a necessity for a better future for current and upcoming generations. In the last 13 years, the UAE spared no effort to leverage the transition to clean energy at home and abroad, positioning the country as a world leader in the adoption of renewable and clean energy.”

His Excellency Dr Al Zeyoudi added: “The UAE has taken a two-fold approach to drive the transition to clean energy. The first is setting a legislative framework and strategies that guide the transition into a climate-resilient, green economy, while the second is rolling out and financing renewable projects around the world.”

Advertisement

He outlined some of Masdar’s local and international renewable projects in 2018 alone. Locally, Masdar completed the financing of a US$220 million waste-to-energy (WTE) plant in Sharjah, the UAE’s first of its kind, in collaboration with the leading environmental management company, Bee’ah.

As for Masdar’s overseas projects, the Minister said: “Masdar has completed the financing of the US$188 million 200 megawatt-capacity (MW) Baynouna solar energy project, the largest solar power plant in the Hashemite Kingdom of Jordan. Moreover, Masdar helped in building a five-megawatt (MW) solar photovoltaic power plant with battery storage in the Republic of Seychelles. In addition, Masdar has successfully reached multiple key milestones of the collaboration to develop the largest utility-scale commercial wind project in Serbia. The 158-megawatt (MW) wind farm is expected to start production in the first quarter of this year.”

Furthermore, His Excellency Dr Al Zeyoudi spoke about the mega solar projects in the UAE that help the country in its transition to a low-carbon future. A prime example is Noor Abu Dhabi, the world’s largest independent solar power plant. The plant is expected to be officially inaugurated in the first quarter of 2019 and to generate 1,177 megawatts of energy, using photovoltaic technologies.

He also said: “The 5 gigawatt Mohammed bin Rashid Solar Park is advancing faster than planned.  During 2018, Phase 3’s 200 megawatt PV was connected to the grid, and the total capacity of the Solar Park reached 413 megawatts. In November 2018, Dubai announced the addition of 250 MW capacity to its 4th phase, at a cost of 2.4 US cents per kilowatt hour.”

Speaking of IRENA’s role, he said: “Over the past eight years, IRENA has grown rapidly from a humble secretariat to a leading international organization with near-universal membership, high-profile projects and global presence. Renewable energy today is a major player in the global energy market, and IRENA’s work is crucial to empowering the decisions of governments and actors. This prompts us to stress the need to accelerate our effort through IRENA, to help build our knowledge and capacity, and strengthen public-private partnerships, facilitate financing, and attain economic, social and environmental benefits.”

The ninth session of the IRENA Assembly is the last to be held under the leadership of Adnan Amin, the Director General of IRENA. On this occasion, His Excellency Dr Thani Al Zeyoudi expressed his gratitude to Mr Amin for his great leadership and congratulated him on the many achievements he has made.

On the sidelines of the assembly, His Excellency Dr Al Zeyoudi met with his Japanese counterpart, Yoshiaki Harada, Minister of Environment, and George Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism in Cyprus. 

-Ends-

About the UAE Ministry of Climate Change and Environment:
The Ministry of Climate Change and Environment was established in February 2006 as the Ministry of Environment and Water. Under its redefined scope, the ministry has taken on a dual mandate. On the national level, the ministry aims to strengthen the UAE’s efforts in preserving the environment and promoting food diversity in accordance with the nation’s aspiration to emerge as a key benchmark for sustainable development. On the global level, the Ministry of Climate Change and Environment will join international stakeholders in combating climate change and profile the UAE’s path-breaking achievements in the sector at thought leadership platforms worldwide.
For further details, please contact us: Media@moccae.gov.ae

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases