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GCC region, whose biggest export has so far been oil, is turning towards sources of clean energy
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Mohammed bin Rashid Al Maktoum Solar Park in Dubai the first of its kind in the MENA region to produce eco-friendly hydrogen using renewable energy
“We believe that green hydrogen production will take the same trend as solar power, wind power, and batteries,” Dubai Electricity & Water Authority Managing Director and CEO Saeed Mohammed Al Tayer wrote in an article in a Dubai daily on Friday, June 11, outlining how DEWA is betting big on this new kind of fuel.
The cost for producing electricity through solar cells and wind turbines has gone down drastically over the past decade, and, he explained, the prospects of green energy following suit are bright.
The entire GCC region, whose biggest exort has so far been oil, is now apparently turning towards sources of clean energy as its demand grows worldwide.
Al Tayer said about this in the article: “If green hydrogen successfully reduces the costs of producing clean energy compared to its current price range of $3 6.5 per kilogram, it will likely be able to compete with hydrogen produced using fossil fuels and associated with carbon emissions, whose cost is less than a dollar.”
He added that Dubai Supreme Council of Energy Chairman Sheikh Ahmed bin Saeed Al Maktoum inaugurated a green hydrogen project at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai on May 19 this year, claiming that it is “the first of its kind in the Middle East and North Africa to produce eco-friendly hydrogen using renewable energy.”
Al Tayer also wrote about green hydrogen: “It is usually produced by water electrolysis. Green hydrogen represents one of the pillars of a sustainable future that depends on accelerating the transition to carbon neutrality to support a green economy. Its objectives are to develop the green mobility sector and reduce carbon emissions from large-scale industries that produce large amounts of carbon, such as trucks, trains, ships and airplanes, as well as generating electricity. This means it can help reduce CO2 emissions around the world.”
He said: “The prospects for using green hydrogen in power generation and driving development for many vital sectors have recently increased, which explains the recent launch of 320 pilot projects to produce green hydrogen in several countries. The latest Frost & Sullivan report has indicated that annual green hydrogen production will increase by 57% annually between 2019 and 2030, from 40,000 tons to 5.7 million tons.”