Green Hydrogen Project Supports UAE’s Leadership and Competitiveness
Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and steady progress. Studies indicate that green hydrogen production will increase by 57% annually to reach 5.7 million tonnes in 2030.
The UAE aims to acquire 25% of the low carbon hydrogen market, which is expected to reach more than $400 billion.
The green hydrogen project implemented by Dubai Electricity and Water Authority (DEWA) in cooperation with Expo 2020 Dubai and Siemens Energy at the Mohammed bin Rashid Al Maktoum Solar Park, is a key project in supporting the UAE's efforts to achieve global competitiveness.
Implementing the project, which is the first of its kind in the Middle East and North Africa to produce hydrogen using solar energy, at the Solar Park contributes to achieving competitive prices in producing green hydrogen.
The production of green hydrogen is mainly carried out through electrolysis using renewable energy sources. DEWA received the lowest solar energy prices (Levelised Cost of Energy) globally five consecutive times, making Dubai a global benchmark for solar power prices.
In addition to that, Dubai provides clear and stimulating regulatory and legislative frameworks, which encourage the private sector and global investors and developers to participate in clean and renewable energy projects, using the Independent Power Producer (IPP) model.
Experts highlighted that the abundance of solar energy sources in Dubai and the strong banking systems in the Emirate, ammonia production plants, aluminum and steel factories, contribute to making the UAE and Dubai an energy leader.
This also consolidates the strength and diversity of the national economy and develops the green hydrogen market in the UAE.
H.E. Saeed Mohammed Al Tayer, MD & and CEO of DEWA, said 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 the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai’s total power capacity from clean energy sources by 2050.
“The Green Hydrogen project aligns with Dubai's commitment to sustainability and its support for energy and climate change issues.
"The project supports the UAE Hydrogen Leadership Roadmap, which is a major driver for providing future solutions to climate change challenges and achieving the UAE's leadership in hydrogen."
Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA, noted that DEWA had invited globally reputed consulting companies to submit their offers to develop an ambitious strategy for green hydrogen production.
The objectives are to develop the green mobility sector, and reduce carbon emissions from various industries, as well as generate electrical and thermal energy, producing water and other applications.