The International Renewable Energy Agency (IRENA) has signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) Ministry of Energy and Industry, to cooperate in the field of renewable energy and drive an accelerated shift to low-carbon energy sources.
The agreement aims to strengthen and enhance cooperation and the existing business relationship between the UAE Ministry of Energy and Industry and IRENA to develop knowledge products, conduct analysis, exchange information and organize workshops on renewable energy.
H.E. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Industry, said that signing of the MoU with IRENA comes in line with UAE’s vision to enhance the use of renewable energy, as well as support and develop relevant policies and organisational frameworks.
H.E. Minister Mazrouei added that the MoU will promote the exchange of open data and allow the UAE to learn new ideas and benefit from best practices in the field of renewable energy.
IRENA director-general Francesco La Camera said: “The case for renewable energy in the UAE and across the Gulf is unquestionable. Today, solar and wind are the country’s most cost-effective sources of new power generation – contributing to growth, economic diversification and sustainable development in the Emirates.”
“This agreement marks a further strengthening of the Agency’s close relationship with the UAE government as it charts a new course of energy leadership into the 21st century,” continued Mr. La Camera. “Together with the Ministry of Energy, IRENA will work to explore the full potential of the UAE’s vast and diversified energy resources.”
The MoU was signed in by IRENA director-general Francesco La Camera and undersecretary of the UAE Ministry of Energy His Excellency Dr. Matar Hamed Al Neyadi in the presence of UAE Energy Minister His Excellency Suhail Al Mazrouei, during Abu Dhabi Sustainability Week
Cooperation between the two parties includes the following:
- The development of a UAE renewable energy road map, taking into account UAE’s characteristic demand for air-conditioning and associated technology
- Support with renewable energy dissemination policies, both current and planned, intended to support deployment of renewables
- Electrical interconnection and energy exchange plans and procedures intended to enhance integration of variable and renewable energy, as well as the impact of renewable energy on the stability of transmission networks together with possible technical and operational solutions in this regard.
Under the MoU the two partners will exchange quantitative information on data, statistics, costs, benefits and analytical information related to renewable energy technologies and policies.
Best practice in financial instruments and regulatory measures including energy efficiency, market design, system flexibility and long-term planning for a high share of renewable energy will also feature.