Business Daily Media
Business Marketing

Dubai announces ambitious clean energy initiative to electrify domestic manufacturing sector’s competitiveness and sustainability efforts

Landmark decarbonisation move, to be implemented from 1 January 2024, will advance D33 goals and Dubai's green economy plans

DEWA-led initiative will empower industries to pursue net-zero targets by allowing them to set up solar facilities matching their total connected load

Saeed Mohammed Al Tayer: The initiative will increase Dubai's attractiveness for manufacturing investments as it allows industrial players to reduce cost of doing business and achieve clean energy targets

DUBAI, UAE - Media OutReach - 30 November 2023 - Dubai has announced a major new initiative charting an industry-friendly energy policy for the manufacturing sector that will serve to support and accelerate the emirate's sustainability ambitions.

The initiative also fits in with the emirate's wider plans to develop a green economy in keeping with the Dubai Economic Agenda 2033 – D33.

Mohammed Bin Rashid Solar Park
Mohammed Bin Rashid Solar Park

Significantly strengthening Dubai's position as a leading international hub for exporters and manufacturers, the Dubai Electricity and Water Authority PJSC (DEWA) will oversee the Government of Dubai's ambitious green economy policy for the manufacturing industry, which is to be rolled out from 1 January 2024.

The initiative will enable manufacturers, data centres and agri-tech players to install captive solar generation up to their total connected load, empowering them to meet their own demand while slashing the power costs they would normally incur and achieving a cleaner energy mix. The power policy will also accord priority to such manufacturers to purchase available international renewable energy certificates (i-RECs), thereby boosting their potential to achieve net-zero goals and sustainability targets.

Factoring in the lower energy costs and higher share of green energy, the DEWA-led initiative is aligned with the Executive Council's strategic initiatives to boost Dubai's industrial sector and make the city more competitive in the regional and international markets. This will also contribute to increased investments from local and international players besides encouraging and attracting manufacturers and the downstream logistics and trade ecosystem to foster stable, secure, and sustainable growth.

The Innovation Centre
The Innovation Centre
At a macro-economic level, the initiative will also help to advance the goals of the D33 Agenda launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to consolidate Dubai's bid to establish itself in the top three urban economies globally. A key priority of the D33 Agenda is to champion green manufacturing as part of ongoing efforts to support the growth of the emirate's clean energy sector.

His Excellency Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority PJSC (DEWA) said: "This initiative aligns with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to further the green economy and maintain a sustainable environment to support long-term economic growth.

"The initiative will increase Dubai's attractiveness for manufacturing investments as it allows industrial players to reduce cost of doing business and achieve clean energy targets. On the other hand, it will help Dubai accelerate its decarbonisation journey and achieve net zero targets, while reducing dependency on natural gas."

The policy announcement coincides with the UAE's historic hosting of the global climate summit COP28 at Expo City Dubai from 30 November to 12 December, with the increased industrial opportunities for solar power generation and environmentally responsible manufacturing set to provide a critical step forward in Dubai's industrial ambitions and significantly reinforce its efforts to enhance sustainability initiatives. The initiative will also drive decarbonisation efforts within the emirate's manufacturing sector in accordance with the UAE's Net Zero by 2050 strategy.

By promoting environmentally friendly and energy-efficient production in the manufacturing sector, the initiative also aids Dubai's strategy to empower manufacturers – a core segment of the Dubai Industrial Strategy 2030, which aims to increase the overall output and value-addition of the manufacturing sector while spurring innovation and showcasing the emirate as a preferred destination for industries.

Hashtag: #GovernmentofDubaiMediaOffice

The issuer is solely responsible for the content of this announcement.

News from Asia

Deleted

This Press release has been killed

Nexus International School (Singapore) Learners Present "Nexwell" Well-Being App For Peers

Nexus International School (Singapore) learners have developed a well-being app to provide their peers with continuous access to mental health support. SINGAPORE - Media OutReach Newswire - 20 F...

Audelacare Unveils Next-Gen One-Push Walking Stick for Effortless Mobility in the Elderly

Audelacare launches the One-Push Walking Stick—a mobility aid designed for comfort and safety in the elderly during movement SINGAPORE - Media OutReach Newswire - 20 February 2024 - Audelacare, ...

Diverse Ancient Volcanoes on Mars Discovered by HKU Planetary Scientist May Hold Clues to Pre-plate Tectonic Activity on Earth

HONG KONG SAR - Media OutReach Newswire - 20 February 2024 - Volcanoes are a common feature on the surfaces of solid planets within the solar system, resulting from magmatic activity occurring wit...

WRISE Launches WRISE Prestige to Cater to Growing Mass Affluent Segment in Asia Pacific

New business unit will capitalise on the region's rising affluence to expand wealth management offerings HONG KONG SAR - Media OutReach Newswire - 20 February 2024 - WRISE Group today announced...

Banyan Group’s Visionary Eco-Friendly Phuket Residential Community Now Launched for International Sales

Hong Kong exhibition in Causeway Bay the first international sales event for Laguna Lakelands since the USD2bn project was announced on February 1st, 2024 HONG KONG SAR - Media OutReach Newswire -...

Hong Kong International Airport Popular Souvenir Recommendations; Share the Taste of Hong Kong with Family and Friends

SHANGHAI, CHINA - Media OutReach Newswire - 20 February 2024 - Renowned as a trendy hub for worldwide shoppers, Hong Kong International Airport boasts a diverse array of both international and loc...

Catch the Lowest Prices Online at 3.3 Mega Shopping Sale: Shopee’s First Mega Sale of 2024

SINGAPORE - Media OutReach Newswire - 20 February 2024 - Shopee is excited to announce the highly anticipated 3.3 Mega Shopping Sale, set to take place from March 3rd to March 15th, 2024...

Etiqa Insurance Singapore returns as the Official NATAS Sponsor and Travel Partner for 2024

SINGAPORE - Media OutReach Newswire - 21 February 2024 - Etiqa Insurance Singapore, a leading general and life insurer, today announced its continued sponsorship of the 2024 National Association o...

HKU Engineering researchers achieve breakthrough in quantum sensing that leads to new opportunities of applications in monitoring dynamic processes in biological systems

HONG KONG SAR - Media OutReach Newswire - 21 February 2024 - A collaborative project led by Professor Zhiqin Chu, Professor Can Li and Professor Ngai Wong, at the Department of Electrical and Elec...

Popular

The Most Important Hires You Can Make As a New Business

In every firm, the people you recruit are crucial. This is especially true for new firms, especially in their early phases. Startups also confront the difficulty of the original hiring and building blocks of the company's cult...

Unbound announced as a Business of Tomorrow

Unbound, a global education social enterprise, was honoured to be recognised as one of Australia and New Zealand’s ‘Businesses of Tomorrow’ by Westpac on Friday. The prestigious annual list was designed to reward and recognise t...

Big Girls Don’t Cry Anymore saved

Iconic Australian plus sized lingerie brand saved from liquidation Much loved Australian body positive lingerie retailer brand, Big Girls Don’t Cry Anymore (Big Girls), has been bought by the Curvy group after the busine...

Virtual Office