Latest news with #DubaiCleanEnergyStrategy2050
Gulf Today
4 days ago
- Business
- Gulf Today
Dubai Airports and Etihad Esco light up path to sustainability
Dubai Airports has signed an agreement with Etihad Energy Services Company (Etihad ESCO), a wholly owned subsidiary of Dubai Electricity and Water Authority (DEWA), to launch the final phase of its airport-wide lighting retrofit project, a key milestone in its ongoing sustainability agenda and a major step towards energy-efficient operations at both of Dubai's airports. This newly signed phase will see over 180,000 conventional lighting fixtures replaced with energy-saving alternatives across Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC), with Concourse A at DXB being the largest single area covered. Combined with the first phase completed earlier and covering 150,000 lighting units at DXB, the project will upgrade more than 330,000 lighting units in total, making it one of the most extensive airport lighting retrofit initiatives in the region. The project is expected to cut annual energy consumption by 47 million kilowatt-hours (kWh), equivalent to powering over 4,300 homes for an entire year, a significant result that highlights the real-world impact of operational sustainability. The initiative will also deliver annual cost savings of more than Dhs 20 million, contributing to Dubai Airports' efforts to optimise efficiency while supporting Dubai's wider environmental targets. Saeed Mohammed Al Tayer, MD & CEO of DEWA, said: 'Aligned with the UAE's commitment to climate change resilience and sustainable growth, DEWA is dedicated to supporting Dubai's journey towards a green economy. This aligns with the Dubai Clean Energy Strategy 2050 and the Dubai Net-Zero Carbon Emissions Strategy 2050. The partnership between Dubai Airports and Etihad ESCO is a prime example of our collective efforts to promote energy efficiency, reduce emissions and advance Dubai's Clean Energy Strategy. Through initiatives like this large-scale retrofit, we are actively building a greener, more resilient future to support our country's needs and ambitions.' Paul Griffiths, CEO of Dubai Airports, said: 'In partnership with Etihad ESCO and DEWA, this project highlights the power of collaboration in achieving measurable sustainability results. Airports are significant energy consumers, and that gives us both the opportunity and the responsibility to lead meaningful change. This lighting project goes beyond efficiency upgrades; it is about embedding sustainability into the core of our day-to-day operations. Every kilowatt-hour saved moves us closer to reducing our environmental impact and building a more resilient future. It sets the benchmark for what a truly sustainable airport can and should achieve.' Dr Waleed Alnuaimi, CEO of Etihad Energy Services Company, added: 'At Etihad ESCO, we are driven by the mission to transform Dubai's infrastructure as an outstanding example of energy efficiency. This final phase of the lighting retrofit project with Dubai Airports is a testament to how strategic partnerships and innovative solutions can deliver measurable impact - from substantial energy savings to a reduced carbon footprint. It reaffirms our shared vision of making Dubai a global leader in sustainable development.' Installation work is scheduled to begin later this year and conclude by H2 2027. This milestone reflects Dubai Airports' commitment to decarbonising operations through practical, high-impact projects and reinforces Dubai's position as a global hub for sustainable aviation infrastructure. Meanwhile, the US production of renewable diesel and biodiesel fell sharply in the first quarter of 2025 (1Q25) because of uncertainty related to federal biofuel tax credits and negative profit margins. US Energy Information Administration, Petroleum Supply Monthly and Short-Term Energy Outlook, May 2025, forecasts production of both fuels to increase as the year progresses but biodiesel production to remain less than in 2024. US renewable diesel production averaged about 170,000 b/d in 1Q25, down 12% from 1Q24. The decrease in renewable diesel production was not as large on a percentage basis as the decrease in biodiesel production, mostly because renewable diesel production increased at a greater rate than biodiesel production in 2024. Reduced output at renewable diesel plants was partially offset by the nearly 20% increase in renewable diesel production capacity since 1Q24. However, compared with 4Q24, when renewable diesel production capacity was comparable to current levels, 1Q25 production was down almost 25%. Poor profitability in 1Q25 contributed to production declines. Diamond Green Diesel, Phillips 66, and Marathon all reported operating losses from renewable diesel in the quarter. In addition, trade press has suggested negative margins for biodiesel. Another reason US production of biomass-based diesels declined in 1Q25 was uncertainty about federal biofuel tax credits. Before 2025, producers and importers of biomass-based diesel received a $1 per gallon (gal) blender's tax credit (BTC) for each gallon blended with petroleum diesel. Under the Inflation Reduction Act, the BTC was slated to be replaced with the Section 45Z Clean Fuel Production Credit in 2025. WAM
Hi Dubai
20-05-2025
- Business
- Hi Dubai
Ducab Achieves 96.89% In-Country Value Mark
Ducab, a leading UAE energy solutions provider, has achieved an exceptional 96.89% In-Country Value (ICV) score, reinforcing its role as a key player in the nation's industrial and innovation landscape. With 40% of its industrial raw materials sourced locally, Ducab exemplifies the UAE's push towards a knowledge-driven, sustainable economy. The company showcased its advancements at the Make it in the Emirates 2025 event held from May 19-22 at Abu Dhabi National Exhibition Centre (ADNEC), highlighting its expanding footprint as a global exporter of cutting-edge, sustainable energy products. Marking its 45th anniversary in 2024, Ducab operates in 75 markets worldwide and has doubled its aluminium production capacity. Exports now represent 60% of its output, reflecting the company's growing international influence in advanced manufacturing and clean energy solutions. Ducab's portfolio includes over 85,000 specialized cable variants and GCC's first High Voltage Fiber Optic cable, supporting smart grid and infrastructure development aligned with the UAE Net Zero by 2050 and Dubai Clean Energy Strategy 2050 goals. The company completed more than 5,000 projects globally and partnered on 500 local initiatives last year. Interim Group CEO Gert Hoefman emphasized Ducab's commitment to sustainable growth and local impact while expanding globally. Since launching Ducab Metals Business in 2020 and acquiring GIC Magnet in 2024, the company has added critical aluminium products essential for electric vehicles and green technologies, becoming the region's sole approved supplier in the US market. Ducab continues to invest heavily in R&D and Fourth Industrial Revolution technologies to enhance precision and efficiency in manufacturing, reinforcing the UAE's position as a global hub for innovative, sustainable industrial development. News Source: Emirates News Agency
Hi Dubai
19-05-2025
- Business
- Hi Dubai
Dubai Energy Council Reviews Clean Energy Progress and Net Zero Strategy
The Dubai Supreme Council of Energy convened its 88th meeting virtually to assess key clean energy initiatives and reaffirm the emirate's commitment to achieving net zero emissions by 2050. Attended by senior representatives from major government and energy entities, the meeting focused on strategic projects that support Dubai's clean energy transition. Among the highlights were updates on sustainable biofuel and green hydrogen initiatives, both central to the emirate's goal of becoming a global hub for renewable energy. The Council also reviewed the progress of the Demand Side Management Strategy 2050, which aims to cut electricity, water, and fuel consumption by 30% by 2030 and 50% by 2050 compared to business-as-usual scenarios. Discussions included achievements by the World Green Economy Organisation in building international partnerships and developing local capabilities to lead the shift toward a green economy. Council members reaffirmed their alignment with Dubai's long-term strategies, including the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, both of which target 100% clean energy production capacity by mid-century. News Source: Emirates News Agency
Gulf Today
13-05-2025
- Business
- Gulf Today
Dewa, Korean delegation discuss sustainable energy collaboration
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed a delegation from the Republic of Korea, headed by Prof Won-Soo Kim, Rector of the Global Academy for Future Civilisation at Kyung Hee University, and Prof Yeo Hwasoo from the Korea Advanced Institute of Science & Technology (KAIST). The meeting explored ways to strengthen collaboration in future energy strategies, emerging technologies and the hydrogen economy, aligning with Dubai's vision to drive global sustainability efforts. Discussions centred on Dubai's pioneering initiatives in clean energy and technology, including the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to ensure 100 per cent of the emirate's total power capacity comes from clean sources by 2050. Collaboration with Kyung Hee University and KAIST is intended to bolster knowledge exchange in AI, smart grids and policy frameworks, cementing Dubai's position as a hub for the Fourth Industrial Revolution. The meeting was attended by representatives of Korean universities and research centres, as well as DEWA officials including Waleed bin Salman, Executive Vice President of Business Development and Excellence; Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources; and Marwan bin Haidar, Executive Vice President of Innovation and the Future. Meanwhile Dubai Electricity and Water Authority (Dewa), reported its first quarter 2025 consolidated financial results, recording quarterly revenue of Dhs5.96 billion. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) amounted to Dhs2.43 billion, with an operating profit of Dhs838 million and a net profit of Dhs496 million. The company also generated a record net cash from operations of Dhs3.85 billion resulting in closing cash and cash equivalents of Dhs8.17 billion, which is Dhs2.07 billion higher than the balance as at year-end 2024. 'Dewa is committed to be an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, and the directives of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and Chairman of The Executive Council of Dubai, and Sheikh Maktoum Bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. Under their guidance, we are progressing in our journey to Net Zero by 2050 and will continue to play a decisive role in Dubai's rapid progress,' said Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of Dewa. 'With consistent growth in demand for electricity, water and cooling services, our revenue grew by 2.83 per cent to Dhs5.96 billion in the quarter and more notably our net cash flow from operations grew to Dhs3.85 billion, which is 17.86 per cent higher than the amount in the same period of the previous year. Our financials reflect a healthy operating profit of Dhs838 million in the quarter, and an Ebitda of Dhs2.43 billion. We invested Dhs2.26 billion in infrastructur, mainly related to our energy transition strategy. By 2030 we expect total installed generation capacity to reach 22 GW, out of which 7.5 GW, representing 34 per cent of generation mix, will be sourced from clean energy sources, up from the original target of 25 per cent. Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed Wolfgang Hattmannsdorfer, the Federal Minister of Economy, Energy and Tourism of Austria, and Etienne Berchtold, the Ambassador of the Republic of Austria to the UAE. The meeting was attended by Waleed bin Salman, Executive Vice President of Business Development and Excellence at Dewa; Dr. Yousef Al Akraf, Executive Vice President of Business Support and Human Resources; and Marwan Bin Haidar, Executive Vice President of Innovation and the Future at Dewa. The discussions focused on Dewa's efforts to foster global partnerships in sustainability, renewable energy and climate action, in line with the UAE's vision to spearhead the transition to a green economy. Talks also covered measures to strengthen co-operation to accelerate the green energy transition, address climate challenges and exchange best practice in environmental sustainability. Both sides emphasised the crucial role of technology and knowledge sharing in advancing innovative solutions to global environmental issues. Al Tayer highlighted Dubai's strategic clean energy objectives, aligned with the UAE Net Zero Strategy 2050, as well as the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to meet 100 per cent of the emirate's energy needs from clean sources by 2050.
Mid East Info
13-05-2025
- Business
- Mid East Info
Moro Hub and DIFC Forge Strategic Partnership to Accelerate Digital Transformation - Middle East Business News and Information
The strategic partnership aims to explore opportunities for offering advanced services to the DIFC Authority and its clients Dubai, UAE, May 2025: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), has signed a Memorandum of Understanding (MoU) with Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, during the 3rd edition of Dubai FinTech Summit. By combining their strengths, Moro Hub and DIFC are positioned to drive digital innovation and sustainability, reinforcing Dubai's position as a global leader in financial services and technology In the presence of HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and HE Essa Kazim, Governor of DIFC, the MoU was signed by Mohammad Bin Sulaiman, CEO of Moro Hub and Alya Alzarouni, Chief Operating Officer at DIFC. The ceremony was attended by Arif Amiri, Chief Executive Officer of DIFC Authority and Eng. Marwan bin Haidar, Vice Chairman & Group CEO of Digital DEWA and Eng. Waleed Salman, Vice Chairman – Energy at Digital DEWA and Mohammed Alblooshi, CEO of DIFC Innovation Hub, as well as senior officials from both parties. His Excellency Saeed Mohammed Al Tayer, said: 'Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we are working to position Dubai as a global hub for sustainable digital solutions in line with the UAE's Net Zero by 2050 Strategy and the Dubai Clean Energy Strategy 2050 and Dubai Net Zero Carbon Emissions Strategy 2050, ensuring a sustainable future for generations to come. This strategic partnership between Moro and DIFC reflects Dubai's firm commitment to accelerating digital transformation and strengthening its global leadership. Through the collaboration between Moro and the Dubai International Financial Centre (DIFC), we aim to empower institutions and businesses with world-class digital solutions, contributing to sustainable growth and creating new opportunities that support the Dubai Economic Agenda D33, which aims to double the size of the emirate's economy over the next decade through innovation and sustainable growth. This partnership embodies our shared vision for a future driven by innovation and sustainability, ensuring that Dubai remains at the forefront of technological and financial advancements worldwide.' His Excellency Essa Kazim, Governor of DIFC, commented: 'The collaboration between Moro and DIFC, aims to empower institutions and businesses with world-class digital solutions, contributing to sustainable growth and creating new opportunities that support the Dubai Economic Agenda D33. This partnership embodies our shared vision for a future driven by innovation and sustainability, ensuring Dubai remains at the forefront of technological and financial advancements.' 'This MoU marks a significant step in our efforts to strengthen the digital infrastructure across varied sectors. By collaborating with DIFC, we will contribute to the sustainable economic growth of Dubai. Together, we will explore ways to enhance digital solutions, ensuring that we remain at the forefront of innovation and security,' said Mohammad Bin Sulaiman, CEO of Moro Hub Alya Al Zarouni, Chief Operating Officer at DIFC Authority, added: 'Our agreement with Moro reinforces how DIFC continues working with like-minded organisations to provide world-class digital solutions that are valued by clients in the region's leading global financial centre. Collectively we will use the partnership to further enhance Dubai's reputation as a pre-eminent hub for technology and innovation.' This partnership aims to enhance the technological infrastructure and service offerings to clients within the DIFC ecosystem. These services include digital transformation, cloud services, cybersecurity, artificial intelligence, GPU as a service, and enterprise resource planning (ERP) packages and services. Moro Hub has been recognized by Guinness World Records for operating the world's largest solar-powered Green Data Centre, underscoring its commitment to green initiatives.
