DEWA International and Shanghai Electric Partner for Global Energy Ventures
Dubai Electricity and Water Authority (DEWA) International has signed an agreement with China's Shanghai Electric to explore joint investments in global energy and water projects.
DEWA International, the international arm of the Dubai Electricity and Water Authority, has entered into an agreement with China's Shanghai Electric to jointly pursue global investment opportunities in the energy and water sectors. This partnership aims to use Dubai's established expertise in utilities and Shanghai Electric's global capabilities.
The scope of the agreement is broad, encompassing potential projects in:
- Solar and wind energy
- Battery storage
- Desalination
- Green hydrogen and green ammonia
- Conventional power generation
- Electricity transmission and distribution
- Concentrated solar power
- Equipment supply for the oil and gas sector
This collaboration sets up a framework for identifying, evaluating, developing, and investing in new projects, including participation in international tenders. Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA and Chairman of DEWA International, emphasised the commitment to expanding DEWA's global presence and building strategic partnerships.
DEWA established its international subsidiary in June to specifically focus on overseas projects, capitalising on Dubai's experience in large-scale electricity, water, and clean energy infrastructure. The utility has a track record with projects like the Mohammed bin Rashid Al Maktoum Solar Park, one of the world's largest solar developments, and has previously worked with Shanghai Electric on its fourth phase, a AED 15.78 billion project.
While the agreement is exploratory and no specific overseas projects or investment timelines have been announced, it aligns with DEWA's long-term vision to tap into the anticipated global demand for energy and water infrastructure, projected to exceed $20 trillion by 2035.
Questions, answered
- What is the primary objective of the DEWA International and Shanghai Electric agreement?
- The agreement's primary objective is to jointly explore and invest in energy and water projects in global markets, using Dubai's utility expertise and Shanghai Electric's engineering capabilities.
- What types of projects are covered by this partnership?
- The partnership covers a wide range of projects including solar, wind, battery storage, desalination, green hydrogen, green ammonia, conventional power generation, electricity transmission and distribution, concentrated solar power, and oil and gas equipment supply.
- When was DEWA International established?
- DEWA established its international subsidiary, DEWA International, in June specifically to pursue overseas projects and strategic partnerships.
- Have DEWA and Shanghai Electric collaborated before?
- Yes, DEWA and Shanghai Electric previously collaborated on the fourth phase of Dubai's Mohammed bin Rashid Al Maktoum Solar Park, a project valued at AED 15.78 billion.
- What is the projected global demand for energy and water infrastructure?
- Saeed Mohammed Al Tayer noted that global demand for energy and water infrastructure is expected to exceed $20 trillion by 2035, indicating substantial opportunities for international expansion.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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