Renewable energy continues positive momentum amidst COVID-19, says ITA
DUBAI, UAE, 1 November 2020: The renewable energy sector continues to be a growing market, despite the challenges caused by COVID-19, said Amedeo Scarpa, Italian Trade Commissioner to the UAE, Oman and Pakistan. “The UAE’s renewable sector has not been dramatically affected by the pandemic and has a target to get 50% of its energy needs from clean sources by 2050,” he said. “To the extent that the supply of Italian components used for desalination and solar power plants to the UAE has steadily increased over the last few years.” Scarpa said this is reinforced by the growth in the number of participating Italian companies in WETEX 2020, which took place from October 26 to 28, 2020, and was named the first 3D exhibition of its kind in the MENA region.
Scarpa said that this showcases the longstanding relationship between Italy and the UAE, pointing out that since 2017, Italy has consistently been one of the UAE’s preferred suppliers for renewable energy sector components, with a 16.47% increase in the first trimester of 2020, compared to 2019. “As long-term supporters of the exhibition, ITA is participating for the 14th year, presenting 31 Italian companies, almost one-third of all foreign companies that are taking part,” he said. “In line with the growth of the sustainable and renewable technology sector in Italy, it is also nearly a 50% increase in the number of Italian companies that attended the exhibition in 2019.”
Scarpa said the selected companies are covering a cross-section of the country’s offerings, including water treatment, recycling, solar energy generation and renewables, air control and environmental protection systems, and green building systems. “These advancements have contributed to Italy’s recent energy savings’ great performance with a reduction of 43 million tonnes carbon emissions last year – one of the best EU and world performances,” he said. “Last year, 2.6 billion investments in the green sector in Italy have been activated and 14.8 billion will be invested in sustainability.” Scarpa said the sector is also attracting investment from overseas, mainly other member states of the EU, including Portugal and Germany and that Canada and China have been revealed to be the biggest investors for the Italian green power since 2012.
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