The policy aligns with Dubai’s vision of net zero emission as well as its D33 economic agenda.
Dubai has announced its plan to revolutionise its manufacturing sector through an ambitious energy policy. The initiative is started by Dubai Electricity and Water Authority (DEWA) which is a public joint stock company (PJSC) to improve the industrial energy consumption landscape.
The policy is set to be implemented starting January 1, 2024. It aims to help manufacturers, data centres and agri-tech entities to install captive solar generation systems up to their total connected load. This will enable them to fulfil their energy demands in a green way with reduced operational costs. The policy will grant priority access to international renewable energy certificates (i-RECs), advancing these industries towards net zero emission.
In line with the strategic directives of the Executive Council, the initiative will contribute to Dubai’s goal of enhancing its industrial sector, attracting investments, and fostering sustainable growth. It aligns with Dubai’s Economic Agenda 2033 (D33) by His Highness Sheikh Mohammed bin Rashid Al Maktoum, which aims to elevate Dubai into the top three urban economies globally and prioritise green manufacturing in the emirate’s clean energy strategy.
This significant policy announcement aligns with the UAE’s hosting of COP28 at Expo City Dubai, reinforcing Dubai’s dedication to a sustainable future and its alignment with the UAE’s Net Zero by 2050 strategy. By promoting environmentally friendly manufacturing and energy-efficient production methods, Dubai is enhancing its manufacturing capabilities as outlined in the Dubai Industrial Strategy 2030, and is establishing itself as a leading hub for industries focused on innovation and sustainability.