As a part of the UAE’s preparations to host twenty eighth Convention of the Events (COP28), HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electrical energy and Water Authority (DEWA), introduced DEWA’s key inexperienced economic system and sustainability programmes, tasks and initiatives to GreenTech Enterprise Delegation to the UAE. That is organised and lead by the US Chamber of Commerce. The delegation includes 75 enterprise leaders from American firms from numerous sectors, together with clear and renewable vitality, infrastructure, oil and fuel, water, economic system, agriculture, and transport.
Through the assembly, held on the Westin Dubai Mina Seyahi, Al Tayer introduced DEWA’s efforts to reinforce local weather motion in addition to the financial and structural measures applied by DEWA for the efficient transition to a inexperienced economic system.
HE the Ambassador David Thorne, Senior Advisor to the U.S. Particular Presidential Envoy for Local weather, Khush Choksy , Senior Vice President -Center East Affairs & Worldwide Member Relations, US Chamber of Commerce, Steve Lutes – Vice President- Center East Affairs, US Chamber of Commerce, Marty Durbin, Senior Vice President of Coverage and President of the World Vitality Institute, and Andrew Moffat, Senior Advisor, US Division of State attended the assembly.
Al Tayer welcomed the American delegation, wishing them a fruitful and gratifying go to. He mentioned that the UAE and the USA get pleasure from pleasant relations and powerful strategic ties in all fields. He emphasised DEWA’s curiosity in sustaining and strengthening these ties for one of the best curiosity of either side.
“This assembly is consistent with the UAE’s smart management’s imaginative and prescient and efforts to attain a complete sustainable inexperienced growth to make sure a steadiness between financial development and sustainability of pure and environmental sources. This has resulted in our nation assuming a number one world place in local weather motion and diversifying vitality sources, by means of huge clear vitality tasks, and the most important and best solar energy vegetation, along with launching the UAE Internet Zero by 2050 strategic initiative, being the primary nation within the MENA area to decide to attaining net-zero emissions by 2050,” mentioned Al Tayer.
“The UAE has invested greater than US$50 billion in clear vitality tasks in 70 nations together with 40 creating nations and introduced the UAE-US Partnership to speed up the transition to Clear Vitality. The undertaking will catalyze US$100 billion within the financing, funding, and different assist and can deploy 100 gigawatts of fresh vitality globally. In November this yr, the UAE will host the twenty eighth Convention of the Events (COP28) to the United Nations Framework Conference on Local weather Change (UNFCCC) at Expo Metropolis Dubai. Our smart management needs to make COP28 a very powerful and profitable world environmental convention, set to ship the primary ever world stocktake of the progress the world has made in direction of the targets of the Paris Settlement,” added Al Tayer.
“DEWA has, for a few years, stopped launching new tasks to supply vitality utilizing fossil fuels and makes clear and renewable vitality tasks in partnership with the personal sector utilizing the Impartial Energy and Water Producer (IPWP) mannequin. We additionally prohibit our new water desalination tasks to the extra environment friendly reverse osmosis know-how utilizing clear vitality. For a number of instances, we obtained the world’s lowest levelized price of photo voltaic vitality and desalinated water. Our most outstanding clear vitality undertaking is the Mohammed bin Rashid Al Maktoum Photo voltaic Park, the most important single-site solar energy undertaking on this planet, utilizing the Impartial Energy Producer (IPP) mannequin, with a complete deliberate capability of 5,000 MW by 2030. Presently, the Park has 2,327 MW in operation constituting 15.7% of DEWA’s whole put in capability. It contains the world’s largest vitality storage capability of 700 MW of concentrated photo voltaic vitality for 15 hours,” defined Al Tayer.
“DEWA achieved world-class outcomes that surpass main European and American firms when it comes to effectivity and reliability. In 2022, losses from electrical energy transmission and distribution networks had been decreased to 2.2%, in comparison with 6-7% in Europe and the USA. Water community losses had been additionally decreased to 4.5%, in comparison with round 15% in North America. DEWA has additionally achieved a brand new world file in electrical energy Buyer Minutes Misplaced (CML) per yr. Dubai recorded 1.19 minutes per buyer, in comparison with round quarter-hour recorded by main utility firms within the European Union. DEWA has additionally succeeded in elevating gasoline consumption effectivity in manufacturing models to about 90% to compete with one of the best worldwide ranges,” Al Tayer added.
“You might be most welcome to take part in our future tasks and initiatives. Dubai has a positive regulatory framework, protected and engaging enterprise setting for funding. We’re at all times curious about exploring developments in worldwide know-how to additional broaden our horizons and crew up with worldwide companions in vitality whereas serving to them to develop their revolutionary know-how to enhance our companies. On this regard, I’m satisfied that there’s a lot American enterprise can provide to the UAE and the area,” concluded Al Tayer.
On the side-lines of the assembly, HE Al Tayer met with representatives of main American establishments and firms working within the renewable and clear vitality sector, infrastructure, oil and fuel, water, economic system, agriculture and transport. The assembly tackled joint cooperation and funding alternatives, selling the local weather agenda and attaining the 2030 Sustainable Improvement Objectives.