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United Arab Emirates Renewables Report Q4 2017

BMI View:

The UAE will continue to push for solar power sector expansion over the coming decade, as itaims to drive diversification efforts in order to lower the reliance on imported natural gas for powergeneration. The fact that solar power has become one of the most competitive sources of power generationin the market, coupled with the technology's power output mirroring power demand curves, will mean thatthe sector will remain the focus of the UAE's renewables expansion strategy.

Latest Updates And Structural Trends

We forecast non-hydropower renewables capacity to expand by an annual average of 53% between 2017and 2026 - driven by the Muhammed bin Rashid Al Maktoum (Dubai) and Sweihan (Abu Dhabi) utilityscalesolar farms. The two projects have been touted as the most cost-competitive solar projects globallyand this has in turn helped cement the government's ambitions to bolster renewables growth. We note thatDubai aims to source 7% of its energy from renewable source, a share that is to increase to 15% by 2030.

By 2026, we expect non-hydropower renewables to make up 4.1% of total power generation - beingindicative of the continued importance of gas-fired power generation in the market, and the emergence ofnuclear power with the 5,600MW Barakah nuclear power plant (set to be fully online by 2020).


BMI Industry View
Table: Renewables Headline Forecasts (United Arab Emirates 2016-2022)
SWOT
Industry Forecast
UAE Renewables Forecast Scenario
Table: Total Electricity Generation Data And Forecasts (United Arab Emirates 2015-2020)
Table: Total Electricity Generation Data And Forecasts (United Arab Emirates 2021-2026)
Table: Electricity Generating Capacity Data And Forecasts (United Arab Emirates 2015-2020)
Table: Electricity Generating Capacity Data And Forecasts (United Arab Emirates 2021-2026)
Renewables Key Projects Database
UAE Renewables Projects Database
Table: UAE Renewables Projects
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources

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