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Dubai, United Arab Emirates: Innovative technologies for the production of green hydrogen from clean and renewable energy are developing rapidly and steadily. Research shows that green hydrogen production will grow at a rate of 57% per year, reaching 5.7 million tons by 2030. The UAE aims to capture 25% of the low-carbon hydrogen market, which is expected to reach more than $400 billion. The green hydrogen project implemented by the Dubai Electricity and Water Authority (DEWA) at the Mohammed bin Rashid Al Maktoum Solar Park in partnership with Expo 2020 Dubai and Siemens Energy is a key project in supporting the UAE’s efforts to achieve global competitiveness in green hydrogen market.
Implementing the project at the Solar Park, the first of its kind to produce hydrogen from solar energy in the Middle East and North Africa, helps to achieve competitive prices in the production of green hydrogen. The production of green hydrogen is mainly carried out by electrolysis using renewable energy. DEWA has achieved the world’s lowest solar price (average cost of energy) five times in a row, making Dubai the global benchmark for solar prices.
In addition to this, Dubai offers a clear and stimulating regulatory and legislative framework that encourages private sector and global investors and developers to engage in clean and renewable energy projects using the Independent Power Producer (IPP) model. DEWA has attracted some AED 40 billion in investment through this model, encouraging value-added partnerships between the public and private sectors.
Experts highlighted that Dubai’s rich solar resources and the UAE’s strong banking system, coupled with advanced infrastructure and major projects such as solar parks, ammonia production plants, aluminium and steel plants, Dubai has attracted the best experts and investors from around the world. Experts have contributed to making the UAE and Dubai energy leaders. It has also consolidated the strength and diversity of the national economy and developed the UAE’s green hydrogen market.
HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, Indicates that green hydrogen is one of the environmentally friendly energy sources. It represents one of the pillars of a sustainable future that depends on accelerating the transition to carbon neutrality. This achieves Dubai’s 2050 Clean Energy Strategy and Dubai’s 2050 Net-Zero Carbon Emission Strategy, whereby 100% of Dubai’s total electricity generation will come from clean energy by 2050.
“The green hydrogen project is in line with Dubai’s commitment to sustainable development and its support for energy and climate change issues. It also supports His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai ‘s vision and directive to transform Dubai into a carbon neutral economy by 2050, and DEWA’s energy diversification strategy to increase resources and increase investment by supporting innovation and R&D in energy storage technologies. This includes green hydrogen, which has been referred to by some as Described as ‘the fuel of the future’ and will play an important role in the global energy mix and combating the impacts of global warming. The project supports the UAE’s hydrogen leadership roadmap, which is a solution to the challenges of climate change and enable the UAE The main driver of leadership in hydrogen energy,” added Al Tayer.
Waleed Bin Salman, Executive Vice President Business Development and Excellence at DEWA, noting that DEWA has invited globally renowned consultancies to submit offers to develop an ambitious green hydrogen production strategy. The goal is to develop a green transportation sector, reduce carbon emissions across industries, as well as generate electricity and heat, produce water and other applications.
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