In 2023, the total renewable energy in the United Arab Emirates stood at 241.31 Thousand Tonnes Of Oil Equivalent (kTOE). Based on the forecasted data, there is a steady increase in the renewable energy capacity from 2024 to 2028.
Year-on-year variations indicate a consistent growth pattern:
- From 2024 to 2025: 4.14% increase
- From 2025 to 2026: 3.90% increase
- From 2026 to 2027: 3.66% increase
- From 2027 to 2028: 3.47% increase
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is 3.90%, demonstrating a robust upward trend in renewable energy expansion.
Future Trends to Watch For:
Key trends to monitor include advancements in solar and wind energy technologies, governmental policies promoting clean energy, and investments in new renewable projects. Attention should also be given to international partnerships and initiatives aimed at reducing carbon footprints, which could significantly accelerate the UAE’s renewable energy capacity growth.
