ENGIE Ventures $11.9 Billion In Energy, Water, Green Hydrogen Projects In UAE
Frédéric Claux, Managing Director Flexible Generation and Retail, Africa Middle East Asia at ENGIE, the business has invested over US$12 billion (AED44 billion) in energy, water desalination, and green hydrogen projects in the UAE.
Additionally, he underlined the company's hopes for continued expansion, particularly in light of the fact that the UAE is one of its key Middle Eastern strategic markets.
Claux explained that ENGIE's investments in the UAE are split among a number of strategic and crucial projects, including the development of the Al Ajban Solar PV, water desalination projects, battery storage, and green hydrogen production, as well as the development and operation of the Mirfa 2 Reverse Osmosis Independent Water Project and the operation of six power and water plants in the nation.
The company has successfully established its presence in the UAE over a number of years, and it is eager to achieve further growth in this strategic market by focusing primarily on providing renewable energy solutions for water desalination, battery storage, and green hydrogen projects. He also emphasised the significance of the Emirati market for ENGIE, especially as it is one of its key markets in the Middle East and is a hub for business growth.
As per Claux, ENGIE's strategy in the UAE currently focuses on battery storage projects, photovoltaic energy, water desalination plants, and district cooling projects, all of which have significant potential for growth and prosperity in the nation.
Additionally, he stated that the company intends to continue growing through investments in renewable energy by taking part in numerous solar energy projects run by the Emirates Water and Electricity Company (EWEC).