UAE keen to invest in India’s renewables sector

Minister hints at partnership in petrochemicals

UAE and India could partner across a range of sectors including refined products and renewable energy, said Dr. Sultan bin Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology and ADNOC CEO.

He also called India UAE’s top LNG (liquefied natural gas) customer. The country, which is the fourth-largest LNG importer in the world, uses it as a feedstock in the manufacturing of fertilisers, plastics and other commercially important organic chemicals.

“Our partnership in energy has a great foundation that I want to build on — there are so many opportunities from the full range of our refined and petrochemical products to new energies like zero-carbon hydrogen,” said Al Jaber, during the India Energy Forum by CERAWeek.

“As India expands its renewable energy portfolio, the UAE is keen to build on the investments we have already made to help you (India) reach your 450 gigawatt goal by 2030,” said Dr. Al Jaber.

“India’s economy is returning to robust almost double digit growth — this recovery comes with challenges, particularly in energy,” he said.