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Renewable energy is one of the main objectives of the GCC government's vision, whether it is the UAE's Energy Strategy which aims to generate 50% of its electricity through renewable sources, or Saudi Arabia's Vision 2030, which aims to generate 9.
5 GW of renewable energy
by 2023.
Research by the International Renewable Energy Agency (IRENA) shows that if the GCC achieves its renewable energy plan, it will save a cumulative $76 billion in costs
by 2030.
In line with the target, GCC countries are rapidly adopting renewable energy and building solar and wind farms
in the desert.
Just this year, tenders began for the fifth phase of the Mohamed bin Rashid Solar Park, along with the world's largest solar power plant.
Commercial operation was launched at Buzabi Noor, which has a capacity of 1,177 MW
.
Just last week, the 1.
2 GW Shan Han project also launched commercial operations
, according to Bloomberg.
IRENA also said the Gulf region is working to expand renewable energy, with the GCC's installed capacity quadrupling
between 2014 and 2017.
Among them, the UAE is at the forefront
of the renewable energy mission.
It already accounts for 68%
of the GCC's installed renewable energy capacity.
Given that the UAE aims to increase the share of renewable energy to 50% by 2050, Dubai plans to increase the use of renewable energy to 75%.
Renewable energy is one of the main objectives of the GCC government's vision, whether it is the UAE's Energy Strategy which aims to generate 50% of its electricity through renewable sources, or Saudi Arabia's Vision 2030, which aims to generate 9.
5 GW of renewable energy
by 2023.
Research by the International Renewable Energy Agency (IRENA) shows that if the GCC achieves its renewable energy plan, it will save a cumulative $76 billion in costs
by 2030.
In line with the target, GCC countries are rapidly adopting renewable energy and building solar and wind farms
in the desert.
Just this year, tenders began for the fifth phase of the Mohamed bin Rashid Solar Park, along with the world's largest solar power plant.
Commercial operation was launched at Buzabi Noor, which has a capacity of 1,177 MW
.
Just last week, the 1.
2 GW Shan Han project also launched commercial operations
, according to Bloomberg.
IRENA also said the Gulf region is working to expand renewable energy, with the GCC's installed capacity quadrupling
between 2014 and 2017.
Among them, the UAE is at the forefront
of the renewable energy mission.
It already accounts for 68%
of the GCC's installed renewable energy capacity.
Given that the UAE aims to increase the share of renewable energy to 50% by 2050, Dubai plans to increase the use of renewable energy to 75%.
