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2020-11-05 12:00:00

UAE CLEAN ENERGY INVESTMENT $23 BLN

UAE CLEAN ENERGY INVESTMENT $23 BLN

MECN - November 3, 2020 - Dubai Electricity and Water Authority (DEWA), which has drawn considerable investments to the UAE from the private sector and foreign banks, says that it plans to invest $23.4 billion in the energy sector over the next five years.

In an International Renewable Energy Agency report released earlier this year, DEWA said that it has attracted investments worth approximately $10.8 billion from the Independent Power Producer (IPP) model, which strengthens public-private partnerships. Through this model, DEWA has been able to receive the lowest global solar energy…

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Tags: UAE, DEWA, ENERGY, INVESTMENT,
Chronicle:
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