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Sustainable Energy: ENGIE Leads UAE | |
| Sumita Pawar |
French multinational electric utility company, ENGIE, has invested approximately $12 billion (AED44 billion) in energy, water desalination, and green hydrogen projects in the United Arab Emirates (UAE).
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The company’s commitment to further expansion in the UAE, which is considered a crucial strategic market in the Middle East, has been highlighted by Frédéric Claux, Managing Director Flexible Generation and Retail, Africa Middle East Asia at ENGIE.
The company’s investment distribution across various strategic projects in the UAE encompasses the development of the Al Ajban Solar PV, water desalination initiatives, battery storage, green hydrogen production, and the operation of the Mirfa 2 Reverse Osmosis Independent Water Project, along with six power and water plants.
With a keen interest in renewable energy ventures, ENGIE actively participates in various solar energy projects under the Emirates Water and Electricity Company (EWEC).
The company anticipates finalising the project’s financial closure in the coming weeks, commencing construction, and commencing operations by 2026.