Key Market Indicators
The Emirati solar capacity is projected to surge to 4,900 megawatts by 2028, up from 3,450 megawatts in 2023. This marks an average annual growth rate of 5.1%. Since 2014, the nation's solar supply has increased by an impressive 42% year on year. In terms of solar energy consumption, the Emirati figures are expected to climb to 0.11 exajoules by 2028, rising from 0.07 exajoules in 2023. This represents an average annual growth rate of 6.7%. Since 2018, the demand for solar energy in the Emirates has surged by 46% year on year.
