The United Arab Emirates is exposed to one of the highest rates of solar exposure in the world, giving it tremendous potential for solar energy development. As it is well known, United Arab Emirates relies mostly on conventional energy outputs which have increased its burden on the future as even these vast oil and gas reserves are running out. Eyeing this threat as an opportunity to live a better, cleaner life, the government is taking measures to grow the renewable energy industry. With the introduction of incentives to energy generation purposes, there certainly is a rise in generation from solar energy.
In light of these reasons, UAE has made major progress in harnessing energy from renewable sources which can be seen in the following events: the establishment of the Abu Dhabi Future Energy Company, Masdar, and the region’s first carbon-neutral zero waste city, Masdar City, in 2006; the hosting of the annual World Future Energy Summit in Abu Dhabi since 2008; the establishment of the Emirates Nuclear Energy Corporation (ENEC) in 2009; the International Renewable Energy (IRENA)’s designation of Abu Dhabi as its headquarters in 2009 and relocating to Masdar City campus in 2015; and the development, and equity funding of strategic mega solar projects globally.
In January 2017, UAE launched its “Energy Strategy 2050”, the first-ever initiative in the country to become law to balance the consumption and production graph. It aims to achieve a 44 percent generation energy from clean renewable sources.