Retrofitting to Play a Major role in Reducing Dubai Energy Demand by 30% by 2030

Business

Retrofitting to Play a Major role in Reducing Dubai Energy Demand by 30% by 2030

The positive impact that retrofitting is having on reducing Dubai's power consumption will certainly be the main focus at the Fourth annual RetrofitTech Dubai Summit & Awards. The premier thought leadership event, which will certainly be held from 10 to 11 April at Roda Al Bustan Hotel, Dubai, will certainly display a few of the current innovation and retrofit modern technology being presented to the market and the sustainability advantages being gained from the billions of dollars of financial investment that have been made in the Emirates.

The Dubai Supreme Council of Energy has established the goal of reducing power demand by 30% by 2030. To attain this goal, retrofitting and reconditioning existing structures has been determined as a core approach to minimize total energy need. Dubai's Etihad Energy Provider Company (Etihad ESCO), which specialises in retrofitting structures in Dubai, will certainly intend to boost the share of main air conditioning in the Emirate to 40% by 2030.

Etihad ESCO introduced last year that it is preparing to apply up to US$ 43.56 million worth of jobs this year, diversifying beyond developing retrofits into industrial retrofits and solar power jobs. ESCO has actually awarded the tender in Could 2017 for the advancement and installment of solar photovoltaic or pv systems at 640 suites for UAE Nationals in Hatta.

Dubai Electricity and Water Authority (DEWA) is currently retrofitting greater than 30,000 structures in the Emirate to ensure energy effectiveness and take care of energy need. The project is worth an overall current investment of US$ 8.17 billion and expected to accomplish economic cost savings of US$ 22.33 billion.

We team believe this event will provide an optimal platform to understand even more regarding the advancement and growth plans of the UAE's Retrofit sector" said Ali Al-Jassim, Chief Executive Officer of Etihad ESCO.

"Dubai's outstanding effort in retrofitting buildings in the past years has assisted generate energy and water cost savings throughout the Emirate. We are waiting to proceeding and increasing the progression of this to assist us achieve our target of retrofitting 30,000 structures by 2030. We have the pleasure of hosting the Fourth Annual RetrofitTech Summit & Awards where we will reveal all of our scheduled tasks for 2018-19 and check out the different kinds and extent of retrofits we will certainly be embarking on. Our partners in the public and economic sectors will join us for the event to obtain the opportunity to check out the development made until now, and check out the potential to save electrical power and water via smart and innovative retrofits," Added Ali Al-Jassim.

Developers, building owners, and operators are taking a look at retrofitting buildings in the residential field. Etihad ESCO and Wasl Possession Management Group have signed a memorandum of understanding (MoU) to carry out an usefulness study that will assess the current power effectiveness of Wasl Group's structures and facilities that includes a profile of 450 structures.

Retrofitting hotels might likewise become a need within Dubai. The Department of Tourism and Commerce Marketing (DTCM) is expected to settle their framework and guidelines to guarantee that resorts satisfy their energy performance KPIs. With 700 resorts currently operational in Dubai, this sector has ended up being a lot more financially rewarding than ever before.

The healthcare and education sectors are additionally undergoing retrofitting. Medical facilities including Sharjah Teaching Medical facility and Issat Omran and colleges like AUD and Zayed University have already begun retrofitting in order to enhance their energy effectiveness programs.

Hosted and strategically endorsed by Etihad ESCO and TAQATI, The 4th yearly RetrofitTech Dubai Summit & Awards will certainly once more gather greater than 250 attendees and 45 industry specialists to go over, question and locate innovative ways to deliver on the UAE's retrofit program for structures.

Solution providers like Sylvania, Honeywell, Quantum Eurostar, Siemens, Daikin, Weber, Kimmco Isover, Talisen International, Belimo, Armstrong, Dow, ABB, Neon Energy, Opple Lighting, City Care Energy Solutions, Taqeef, Optima, NVC Lighting, Madico, CU Phosco, Ledvance, Smart Automation Energy, Auto Millennium Group, Farnel, Al Yousuf Engineering, Emirates Insolaire, Kromatix, Edge Technology, LPA Lighting and Energy Solutions and Luceco will be showcasing their retrofitting products and solutions to more than 250 professionals in the market.

This distinguished event will include a devoted honors event to identify and commemorate excellence and achievements in this field.