Dubai is perfect for green project link says study

Plenty of potential green opportunities for Hamburg and the UAE to join hands on. Photo: Shutterstock.

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A study released by the Dubai Chamber of Commerce and Industry has revealed that opportunities exist for businesses in Dubai and Hamburg to collaborate on green projects.

The study was released at the Dubai-Hamburg Business Forum and said the renewable market has been stifled by a combination of constraints such as the absence of relative legal and policy framework; the high initial capital costs; and the lack of commercial skills and information.

The UAE does however present a number of opportunities for experienced businesses to share knowledge and expertise in renewable energies, waste and water usage.

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“Solar power is forecast to start generating revenue for Dubai residents within two years,” according to the chief executive of the Dubai Supreme Council of Energy.

According

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to the study, placing a price on solar power is key to moving towards Dubai’s target of drawing 1% of its electricity from solar sources by 2020. By 2030, Dubai hopes to draw 70% of its power from natural gas and 30% from renewable, nuclear energy and clean coal.

It outlines two significant opportunities in the solar and renewable energy sphere for Dubai and Hamburg companies.

In the public sector, a smart grid system based on the government’s intended feed-in tariff system presents a substantial supplier opportunity on a residential-to-grid level, and, in the private sector, solar panel roofing or systems. The opportunity to supply renewable energy to other northern emirates also presents a strong business to consumer opportunity, particularly to independent stand-alone residential buildings.

Other opportunities for collaboration include water management technologies that lower the cost of desalinating water and improve energy efficiency, and ways for treating sewage water to meet the emirate’s grey-water needs.

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