It has been informed that UAE is going to lead the renewable energy production in the year 2011 as well. There have been indications of huge investments in the renewable energy projects and this is going to help the country to become the leader in this field.
On Wednesday, industry experts have commented that the country may find some competition from the Middle East countries but it won't affect its leadership. Middle East countries are now working on number of renewable energy projects but the massive investments UAE will help it to maintain the number one spot.
The UAE is the fifth largest oil and gas deposits of the world. It has already been a successful player in the market of renewable energy. After having a good control over the local market, it may look forward to grab the global opportunities as well.
It has undertaken some of the high valued and potential projects such as Masdar City project by Abu Dhabi Future Energy Company. It has stepped forward to produce clean energy in coming days.
