Dubai will raise the share of renewables in its energy mix to 14 per cent by the end of 2022, as part of the emirate's efforts to reach its sustainability goals.
Renewables currently account for 11.5 per cent of Dubai's energy mix, Saeed Al Tayer, managing director and chief executive of Dubai Electricity and Water Authority (Dewa), told state-run news agency Wam.
“We will continue to implement pioneering projects to diversify Dubai’s clean and renewable energy sources to include all available technologies in Dubai ... for a brighter and more sustainable future for generations to come,” Mr Al Tayer said.
Dubai aims to generate 25 per cent of its energy requirements from renewable sources by 2030 and 100 per cent by 2050 as part of its clean energy target.
Dewa is building the world’s largest solar energy park in the Dubai desert in an effort to reduce reliance on natural gas and diversify its power sources.
Dewa said that the total energy production capacity had reached 14.11 gigawatts, with 1.62 gigawatts from renewable energy, after it added 700 megawatts in capacity, Wam reported.
This includes 600MW from the Hassyan Power Complex, which runs on natural gas, and 100MW from photovoltaic solar panels at the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.
The current production capacity of the Hassyan Power Complex has reached 1.8 gigawatts, using the independent power producer model. A further 600MW will be added in 2023, raising the capacity of the project to 2.4 gigawatts.
The Hassyan Power Complex adds to the Jebel Ali power plant and water desalination complex. The Jebel Ali facility has a total production capacity of 9.54 gigawatts of electricity.
The UAE has embraced the energy transition by taking a leading position in new fuels such as green and blue hydrogen as it looks to tap the growing market for low-carbon fuel.
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
