PROJECT COMMERCIALS
- The UAE has been pushing the need to use clean renewable energy
- The Government plans to increase energy usage efficiency by 40% and increase clean energy contributions to 50%
- Investment set aside for the plan is $ 163 Billion
- The location is well poised geographically to take advantage of solar
technology - UAE also seeks to address climate change in addition to the goal of 44 per cent renewable energy by 2050
- Innovation and technology on efficient solar usage devised at Masdar City
- Companies and big corporations would increasingly adopt solar power as a part of their commitment to CSR
PROJECT FINANCIALS
Carbon credits
Guaranteed safeguards and sustainable development benefits
The potential monetary value in carbon offset credits (by trading or selling to other businesses)
Instead of planning significant operational changes, the business can offset its carbon usage by simply utilizing carbon credits
Supported by national initiatives such as partnerships between ADGM and Air Carbon Exchange to create a carbon trading exchange and clearing house
| Carbon generated by fossil fuel-based energy | 730g/kWh |
| Carbon generated by photovoltaic energy | 55g/kWh |
| Net carbon emissions/credit | 675g/kWh |
| Total net carbon emissions/ year for 3 kWh/site | 17.74 tons |
Subsidies
Higher subsidies available for increased number of sites
Long-term support to the industry through government initiatives
A government subsidy of an amount of AED 1,000 is expected for each site per month for each year
Offset externalities to achieve greater economic efficiency
WHY SHOULD YOU INVEST IN TAQA?
Product
Partner
Market
Team
One of the very few solar suppliers in the region, with capabilities getting added from time to time.
Tested product with good market acceptability
Exclusive agreement with the suppliers for the region.
Eyeing for partnership with top global service providers and renewable asset managers
Subsidies and encouragement from the Government.
Partnership with large IPPs and global asset management companies.
Eyeing franchise model.
Highly performing team with very well blended technology thought leadership, large scale service delivery exposure,
People with global eminence in Energy & utility business are joining the team shortly.