IRENA and the UAE energy ministry will exchange quantitative information on data statistics, costs, benefits and analytical information on renewables in order to:
- Develop a renewable energy road map.
- Support renewable energy dissemination policies.
- Manage the impact of renewable energy on the stability of transmission networks.
- Ensure the adoption of financial instruments and regulatory measures including energy efficiency, market design, system flexibility and long-term planning for high shares of renewable energy.
H.E. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Industry, said these efforts are aimed at achieving the UAE Vision 2021 objective of creating a sustainable environment.
IRENA Director-General Francesco La Camera said: “The case for renewable energy in the UAE and across the Gulf is unquestionable. Today, solar and wind are the country’s most cost-effective sources of new power generation – contributing to growth, economic diversification and sustainable development in the Emirates.”