The UAE is on track to exceed its 2030 renewable energy capacity goals, according to the International Energy Agency’s (IEA) latest report. The IEA's "Renewables 2024" report highlights that the UAE's progress in renewable energy, particularly solar power, has been stronger than anticipated.

The Middle East and North Africa (MENA) region, including countries like Saudi Arabia, Egypt, and Algeria, aims to reach 201 GW of renewable energy capacity by 2030. The UAE, a key player in the region, is leading the charge with ambitious solar PV projects. While some MENA countries may fall short, the UAE is expected to exceed its targets.

Challenges and Opportunities

Faster implementation of auctions and regulatory reforms are essential to further boost renewable growth in the region. The IEA report notes that improving the regulatory framework for solar energy, particularly self-consumption and net metering, will help unlock more potential, especially in the UAE where solar energy adoption is already notable.

By 2030, the UAE and Saudi Arabia are expected to contribute significantly to the region’s solar PV growth, with solar capacity set to increase fourfold. The UAE’s efforts will push the region’s solar share in the energy mix from 2% to over 8%, marking a major shift toward sustainability.