UAE To Invest $45 Billion Through 2030 To Meet Its Growing Energy Demand

The United Arab Emirates has announced plans to invest up to $54 billion over the next seven years to meet its growing energy demands and triple its supply of renewable energy. UAE and Saudi Arabia are the two GCC members leading in renewable energy investments and rapidly diversifying their energy portfolios in the Gulf region. Last year, the Emirates Nuclear Energy Corporation (ENEC) announced the commissioning of the country's first-ever nuclear power plant--the Barakah unit 1. The 1,400-megawatt nuclear plant is the single largest electricity…