Page 65 - UAE Foreign Aid Report 2022

Section 02
65
UAE Support towards SDGs and its Sectors of Assistance

In 2022, the UAE deepened its commitment sustainable and clean energy solutions in regions
to fostering sustainable energy solutions by that need it the most.
providing a range of grants and loans to various
energy projects across the globe, with total These endeavors highlight the UAE’s prominent
disbursements reaching AED 151.0 million (USD role in the renewable energy sector and its
41.1 million). ongoing commitment to making a significant
contribution to the achievement of Affordable and
The UAE made its most significant contribution Clean Energy (SDG 7) on a global scale. Through
in 2022 in support of SDG 7 through a landmark its investments, partnerships, and hosting of key
project in Azerbaijan. Masdar, the UAE’s international agencies, the UAE continues to
renewable energy company, embarked on a major support the drive towards a more sustainable,
public-private partnership to develop Azerbaijan’s energy-efficient world.
first utility-scale solar photovoltaic (PV) project,
the 230-megawatt Garadagh Solar PV Plant.

This initiative, valued at AED 734.6 million (USD
200.0 million), represents one of the largest foreign
investments in Azerbaijan’s renewable energy
sector. With construction that has commenced
in March 2022, the state-of-the-art facility is set
to become operational in 2023. Once completed,
the plant is expected to generate half a billion
kilowatt-hours of electricity annually, sufficient
to power over 110,000 homes. In addition to
bolstering the country’s renewable energy
capacity, the Garadagh Solar Power Plant will
also contribute to environmental sustainability by
reducing greenhouse gas emissions by 200,000
tons per year.

The UAE also extended its financial support to
seven Least Developed Countries (LDCs), funding
a diverse array of projects. These initiatives
encompassed solar energy projects, rural
Solar photo-voltaic power plants-Fiji.
electrification efforts, and hydropower projects,
Source: Abu Dhabi Fund for Development
reflecting the UAE’s commitment to promoting