Retrofitting and refurbishing Dubai property will play a “major role” in ensuring the emirate cuts energy demand by 30% by 2030, according to the CEO of Etihad ESCO.
The Dubai Supreme Council of Energy wants to cut energy demand by 30% in the next twenty-two years. Retrofitting and refurbishing existing building has been identified as a core strategy to ensure it meets the target.
Ali Al-Jassim, CEO of Etihad Energy Services Company (Etihad ESCO), said he believed retrofitting building could play a key role.
“Dubai’s outstanding effort in retrofitting buildings in the past years has helped generate energy and water savings across the Emirate,” he said.
We are looking forward to continuing and accelerating the progress of this to help us achieve our target of retrofitting 30,000 buildings by 2030.”
Al-Jassim was speaking ahead of the fourth annual RetrofitTech Dubai Summit and Awards, which runs from 10 to 11 April, at Roda Al Bustan Hotel.
He said that Etihad ESCO was planning to launch up to $43m (AED157m) worth of projects in 2018, some of which would expand its portfolio from building retrofits to industrial retrofits and solar power projects too.
In May 2017, Etihad ESCO awarded a tender for the development and installation of solar panels at 640 villas in Hatta, Dubai.
Etihad ESCO, is a venture launched by the Dubai Electricity and Water Authority (DEWA) in 2013.
Al-Jassim reported that DEWA was underway with an $8bn (AED29.3bn) project to retrofit 30,000 buildings in Dubai which is expected to deliver energy savings of around $22bn (AED80bn) he said.
Etihad ESCO and Wasl Asset Management Group have recently signed a memorandum of understanding (MoU) to carry out a feasibility study to assess the energy efficiency of Wasl Group’s 450 buildings.
More retrofitting work could be coming Etihad ESCO’s way too, with the Department of Tourism and Commerce Marketing (DTCM) expected to lay out its framework to ensure hotels meet energy efficiency targets.