United Arab Emirates Power Report - Business Monitor International - Industry Reports

United Arab Emirates Power Report

United Arab Emirates Power Report - Business Monitor International - Industry Reports
United Arab Emirates Power Report
Published Oct 15, 2016
60 pages — Published Oct 15, 2016
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Abstract:

Nuclear power generation will be a key component of the UAE s power mix diversification strategy over the next decade. We believe increasing natural gas imports will be the key driver of such efforts because of strong power consumption growth and heavy reliance on gas-fired power generation. ...Nuclear and renewables will grow significantly over our ---year forecast period, as a strong project pipeline for nuclear reactors and solar power plants begins to go online. Concentrated solar power will become an important component of the UAE s efforts to boost its solar power sector over the next decade as the technology s ability to store power means it can complement a more mature photovoltaic sector, supporting solar power diversification efforts. Inefficient consumption of electricity and a reliance on energy-intensive water desalination plants support our bullish outlook for power consumption in the UAE over the next decade. ...We believe energy efficiency efforts will centre on implementing measures that ensure smarter consumption of electricity and water. We expect opportunities to increasingly be on offer for companies

...� Business Monitor International Ltd Page - SWOT Analysis - Continued Significant fiscal buffers and plans to ramp up public spending will limit the impact of lower global oil prices on government investment in the power markets over the next two to three years. Plans to issue the world s first sukuk to finance renewable energy projects could set a precedent that will open up a new flow of finance into the Middle Eastern renewables markets. ...Plans to issue the world s first sukuk to finance renewable energy projects could set a precedent that will open up a new flow of finance into the Middle Eastern renewables markets. The UAE government aims to boost investment in clean energy technology over the next few years and attract AED---bn (USD---bn) of investment in alternative and sustainable energy projects by ----. The UAE is currently working on plans to have four nuclear power reactors operational in Barakah by ---- to generate -.-GWh of electricity. Renewable energy sources (namely solar) are gaining momentum in an attempt to diversify the energy mix and ensure sustainability. With consumer and business sentiment looking positive, the outlook for household consumption and fixed investment is particularly bright over the coming quarters, effectively supporting plans for hikes in generating capacity.

...BMI View: This quarter, we have slightly revised our forecasts to take into account the progress made in the nuclear segment. Gas-fired generation has been revised down after ---- because the new four nuclear reactors will become a key component of the country s power mix once they come online. ...

  
Source:
Document ID
1755-7119
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United Arab Emirates Power Report" Oct 15, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Arab-Emirates-Power-Report-2026-2668>
  
APA:
Business Monitor International - Industry Reports. (2016). United Arab Emirates Power Report Oct 15, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Arab-Emirates-Power-Report-2026-2668>
  
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