UAE Business: Renewables remain cheapest source of new power in 2025: Irena

Disclaimer

This news item is AI-rewritten from public sources for GCC context. For informational purposes only. Not investment advice, a solicitation, or a recommendation. Consult a licensed financial advisor before making any investment decision.

GCC CONTEXT

Renewable energy cost competitiveness in the UAE reflects broader GCC momentum toward diversifying power generation portfolios while managing domestic hydrocarbon resources for export; IRENA's cost assessments historically correlate with policy shifts in the region, where solar and wind projects have increasingly displaced conventional capacity additions since 2020. The findings align with the UAE's strategic positioning within the GCC's larger energy transition, where several member states have announced capacity targets and subsidy frameworks that reshape power sector economics and domestic energy security planning. Such cost dynamics typically influence sectoral allocation of capital, utility operational strategies, and the regional competitive landscape for infrastructure development a

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