The United Arab Emirates (UAE) has seen significant growth in renewable energy, excluding solid biofuels, over the past decade. As of 2023, the value stood at 0.75 Units of Total Primary Energy Supply. The year-on-year growth was 6.81%. Over the last two years, the market recorded variations of 7.47% in 2022 and 6.81% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years is 25.56%, indicating robust expansion.

From 2024 onwards, the forecast suggests steady growth, with the total renewable energy value expected to reach 1 Unit by 2028. The anticipated 5-year CAGR is 4.49%, with an overall growth rate of 24.59% over the forecasted period.

Future trends to watch for:

Increased investment in solar and wind projects.
Government policies and incentives promoting renewable energy adoption.
Technological advancements improving energy efficiency and reducing costs.
Regional cooperation and partnerships enhancing renewable energy infrastructure.