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Global PR and Media Relations Manager, DNV GL - Energy

Mona Ghobadi Renewables uptake is starting to mature; Egypt aims to get 42% of its electricity from renewables by 2025 and Iran 5 GW by 2020. It is also rolling out electric vehicle charging infrastructure. Global PR and Media Relations Manager, DNV GL - Energy Area Manager Middle East & Africa Various panel models estimated for regional total electricity demand. Richmond, Virginia (Monday, June 29, 2020)--On the week, gasoline demand, as estimated by the Energy Information Administration (EIA), increased 10% … UAE has 7% of global proved oil reserves, about 100 billion barrels. Saudi Arabia, with the largest petroleum reserves in the region, sees renewables as a strategic priority and is investing in 9.5 GW of solar and wind by 2023. The global gas production in 2009 was 3 trillion cubic meters.The UAE has massive solar generation potential, and its energy policy has shifted substantially due to the declining price of solar. The UAE’s demand for power will grow by nine per cent to exceed 40,000 megawatts by 2020, according to the country’s energy minister. Primary energy use in 2009 in UAE was 693 TWh and 151 TWh per million persons. Dubai’s economic activity over the next seven years will result in a growth in electricity demand of 4-6% per annum. Governor Ralph Northam today announced 26 small technology-based businesses and four universities will receive incentive grants to commercialize their research in clean energy, cybersecurity, data analytics, life sciences, and unmanned systems. Energy efficiency is a key factor in UAE’s National Strategy 2021, according to the UAE State of Energy Report DNVGL.com uses cookies to give you the best possible experience on our site. Energy in the United Arab Emirates describes energy and electricity production, consumption and import in the United Arab Emirates (UAE). It will increase this target to 25 per cent by 2030 and 75 per cent by 2050.The UAE is installing nuclear power plants to meet its electricity needs. This has resulted in a call for change in energy policies across the GCC states to foster sustainable production.Earlier this week, Oman’s oil and gas minister criticised the subsidised petrol and electricity programmes across the Gulf that is leading to wastage of electricity in the region. Area Manager Middle East & Africa The primary fuel used for electricity generation was natural gas (98 per cent of Area Manager Middle East & Africa In the past few years the region has seen significant investments in onshore wind energy both in Oman and Jordan and according to the report, in 2030 onshore wind will start to grow rapidly, followed by solar PV. The Dubai Clean Energy Strategy aims to provide 7 per cent of Dubai's energy from clean energy sources by 2020.

This shift will have a dramatic impact on the region’s economies and politics and significant technology investments will be needed to meet demand.”Mohammed Atif, Market Area Manager, Middle East & Africa, DNV GL – Energy added, “We’re already starting to see the impact that renewables are having in the region. The range for total electricity demand elasticity estimates shown. According to a recent study by consultants IHS, over $1 trillion of investment is needed in the next 17 years to meet the energy demands in MENA. The growth in population, coupled with energy demand changes, and a cost reduction in renewables, means the use of electricity will grow rapidly. Mona Ghobadi According to a report by British think tank Chatham House, the GCC consumes more primary energy than the whole of Africa despite its population being only one-twentieth the size of the continent’s.Heavily subsidised energy has also fuelled consumption growth in the region, causing energy subsidy bills for the GCC governments to shoot up.The International Monetary Fund (IMF) estimated that energy subsidy costs in some of the Gulf countries were as high as 28 per cent of government revenues in 2011.The surging demand for energy across the region has put pressure on governments to spend heavily in the next decade just to meet their own energy needs. The global gas production in 2009 was 3 trillion cubic meters.The UAE has massive solar generation potential, and its energy policy has shifted substantially due to the declining price of solar. All rights reserved. Area Manager Middle East & Africa