Go Green
 

 
 

Follow Us On Twitter    Become A Fan On Facebook    Visit Our Instagram Page   Network With Us on LinkedIn    Subscribe To Our News Alerts


Go Green Pledge

Download Go Green Widget

Download Go Green News Ticker


Hosted on Green Server Hosted on Green Server
Go Green An Ekotribe Initiative

Green Stories
Change text size:
Dubai invests AED 500 million in energy efficiency
Send  your comments Send your comments Green Stories

Dubai invests AED 500 million in energy efficiency

Sponsored Sites
Shop Online for
Eco-Friendly Products
Cyber Gear

The Regulatory & Supervisory Bureau (RSB) for electricity and water in Dubai has revealed that Dubai’s cumulative investments in the energy efficiency market increased to AED500 million in 2017.

According to RSB’s 2017 annual report, investments in energy efficiency projects were AED250 million in 2017, an increase of one-third compared to 2016. These projects are expected to achieve 21% savings in electricity, and 31% in water. Since 2014, energy service companies launched energy-efficiency projects worth AED200 in around 2500 buildings as part of the building retrofit programme. This is done by implementing measures to increase efficiency in energy and water use.

“We work to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform the Emirate into a global hub for clean energy and green economy. The report issued by the RSB, which is overseen by the Dubai Supreme Council of Energy, demonstrates the promising potential for the energy-services market and the financial savings that can be achieved in building retrofits. This supports the Demand Side Management Strategy to reduce demand by 30% by 2030,” said HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy.

Dubai Electricity and Water Authority (DEWA) established Etihad Energy Services Company (Etihad ESCO), a leading energy service company to contribute to providing investment opportunities for energy-efficiency companies, financial organisations, and green technology and equipment suppliers. Over 30,000 buildings in Dubai are being retrofitted to make them energy-efficient. The present costs for this strategic project are approximately AED 30 billion, with returns of AED 82 billion and a net present profit of AED 52 billion,” added Al Tayer.

RSB’s report highlighted the substantial progress achieved by projects under the Independent Power Producer (IPP) system. It mentioned awarding the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest Concentrated Solar Power (CSP) investment project in the world. It will feature the world’s tallest solar tower at 260 metres. It will also have the biggest thermal energy storage capacity for 15 hours. This makes it produce energy round the clock.

The report also highlighted the efforts of district cooling companies and their use of recycled water rather than desalinated water for their cooling needs, with 40% met from recycled water in 2017, with the support of Dubai Municipality.

“There is now substantial tangible evidence of Dubai’s energy transformation. We are pleased with our contribution to increasing reliance on renewable energy sources in the energy production system and accelerating investments in energy efficiency projects,” said Ali bin Abdullah Al Owais, Chairman of the RSB.











3
 
 
How To Reduce Your Carbon Footprint?
Click here to request a copy of How To Reduce Your Carbon Footprint?
Green Speak
Click here to request a copy of useful Eco Jargon.
Some non green numbers from Go Green
Click here to request a copy of Non Green Numbers by Go Green.
10 Ways to Go Green
Click here to request a copy of 10 Practical Ways to Go Green.
Facts About Global Warming
Click here to request a copy of Facts About Global Warming.
Top 10 Reasons to Recycle
Click here to request a copy of Top 10 Reasons to Recycle.
Carbon Neutrality, Carbon Emissions and Carbon Offsets
Click here to request a copy of Carbon Neutrality, Carbon Emissions and Carbon Offsets.
Go Green at Work
Click here to request a copy of How To Go Green at Work?
Go Green at Home
Click here to request a copy of How To Go Green at Home?
The Power of the sun - Glossary of solar terms
Click here to request a copy of The Power of the sun - Glossary of solar terms.
The Carbon Lexicon - Reduction in emissions of carbon or greenhouse gases
Click here to request a copy of The Carbon Lexicon - Reduction in emissions of carbon or greenhouse gases.
Carbon Emission Stats - Per Country, Per Capita
Click here to request a copy of Carbon Emission Stats - Per Country, Per Capita.
We accept guest posts.
Link to Us Tell A Friend Subscribe to News Alerts


advertise-with-us
 

Go-Green.ae has 2,246 Green Stories, 148 Green Product Reviews, 7522 Green News Headlines , 387 Organisations in the Green Directory, 391 Green Book Reviews, 479 Green Videos, 205 Green Tips and 1716 Go Green Ambassadors in 117 countries.
Green Resources
Another Cyber Gear Site