As a part of its expansion plans in UAE, French energy firm, ENGIE has invested $12 billion (AED44 billion) in renewable energy, water desalination, and green hydrogen projects in the country.
Frédéric Claux, Managing Director Flexible Generation and Retail, Africa Middle East Asia at ENGIE, emphasised on the company’s commitment to further expansion, primarily in the UAE, which is an important strategic market in the Middle East.
In a statement, the firm said that these projects encompass 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.
Since UAE is a crucial market in the region, ENGIE aims to enhance its presence and gain further development in the UAE. The prime focus will be on delivering renewable energy solutions for water desalination, battery storage, and green hydrogen projects.
ENGIE is already collaborating with Emirates Water and Electricity Company (EWEC) for various solar energy projects. For instance, it is involved in the development of the US$1 billion Al Ajban Solar PV project, generating 1.5 gigawatts (GW) of energy.
The firm is also involved in developing in district cooling projects, with approximately 40 percent stake in the National Central Cooling Company (Tabreed), plays a significant role in reducing carbon emissions.