Wednesday, December 7 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Engie and MoEI partner to develop clean energy projects

    October 6, 2022 - TradeArabia


      Officials after signing the agreement The UAE Ministry of Energy and Infrastructure (MoEI) and Engie Solutions will technically cooperate in generating clean energy projects on MoEI's assets and explore other energy-related CSR initiatives.

      For this a memorandum of understanding (MoU) was signed by Eng Sharif Al Olama, Undersecretary of the Ministry of Energy and Infrastructure for Energy and Petroleum affairs, and Vincent Montanet, Chief Business Development Officer for Engie Solutions GCC, at the RAK Energy Summit.

      Organised by Ras Al Khaimah Municipality, the summit featured industry-level speakers from the energy sector to discuss the challenges and opportunities in dealing with climate change and the future of the energy sector.

      Increasing share of renewables

      Both parties recognise the importance of increasing the share of renewable energy in the country's energy mix while inspiring innovations in the sector. Renewable energy development in the country offers various benefits that include economic growth and job creation, energy security and independence, national security, and reduction of greenhouse gas emissions.

      Al Olama said: "Developing renewable energy fulfills numerous national priorities, including helping tackle carbon emissions, create new high-tech jobs and inspire innovation. As the ministry in charge of energy development, we have an important role in developing the renewable energy sector. This project adds to UAE's growing capabilities in the renewable sector; the UAE already hosts the largest single-site solar park in the world based on the independent power producer model. We will continue to pursue such projects in line with UAE's renewable energy goals."

      Ian Harfield, CEO for Engie Solutions GCC said: "We are keen to support the UAE and the rest of the region's transition to new means of energy sources and mobility. Our latest partnership with the UAE Ministry of Energy and Infrastructure extends our partnership with regional governments to support green energy and mobility projects. Such projects will positively impact the region's challenges while fostering innovation in the clean energy sector."

      Green energy

      The Middle East is slowly shifting to green energy and sustainable solutions to combat global warming and diversify energy sources. The UAE, in particular, aims to achieve net-zero emissions by 2050 through the UAE Net-Zero by 2050 Strategic Initiative.

      The country began financing clean energy projects more than 15 years ago and has invested over $40 billion in the sector to date. Current trends predict clean energy production capacity, including solar and nuclear, to reach 14 GW by 2030, up from about 100 MW in 2015 and 2.4 GW in 2020.-- TradeArabia News Service


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.