Dubai’s DEWA steps up global expansion push with Shanghai Electric deal
According to The National, the international arm of Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding with China's Shanghai Electric to explore investment opportunities in global markets. The partnership covers projects in solar and wind energy, battery storage, desalination, green hydrogen, and electricity transmission. Saeed Mohammed Al Tayer, managing director of DEWA, stated that the goal is to leverage Dubai's expertise in the utilities sector alongside the global capabilities of partners. The agreement, signed by Waleed bin Salman and Shen Bing, establishes a framework for identifying and developing joint projects. DEWA, which previously collaborated with Shanghai Electric on the Mohammed bin Rashid Al Maktoum Solar Park, aims to capitalize on global demand for energy infrastructure, projected to exceed $20 trillion by 2035. However, the partnership remains exploratory, with no specific projects or financial commitments announced at this stage.