Dubai Electricity and Water Authority (DEWA) has released its Sustainability Report 2024, outlining strong progress in renewable energy adoption, operational efficiency, and stakeholder engagement. The report reflects Dubai’s drive to achieve 100% clean energy by 2050 under the UAE’s Net Zero strategy.
Clean Energy and Strategic Progress
In 2024, clean energy accounted for 17.5% of Dubai’s total generation capacity, led by the Mohammed bin Rashid Al Maktoum Solar Park, which will expand to 7,260 MW by 2030. DEWA also advanced the region’s first solar-powered green hydrogen project and strengthened EV infrastructure with over 700 charging stations across the emirate.
Financial Milestones
The utility reported record revenues of AED 30.98 billion, EBITDA of AED 15.7 billion, and a net profit of AED 7.23 billion. Infrastructure investments exceeded AED 11 billion in 2024, bringing cumulative spending to AED 225 billion. Customer accounts rose to 1.27 million, up 5% year-on-year, reflecting Dubai’s robust growth.
Environmental Achievements
Carbon emissions were cut by 11.47 million tonnes between 2006 and 2024, alongside a 43.6% efficiency improvement. DEWA produced its highest-ever clean power generation of 6.62 TWh, while smart water management saved AED 225 million over the past decade.
Social and Governance Impact
With 10,722 employees and zero fatalities since 2000, DEWA emphasized workplace safety and inclusivity, including 107 initiatives supporting People of Determination. Customer happiness reached 94.6%, while governance and digital innovation earned DEWA over 33 international, regional, and national awards in 2024, including recognition for AI trustworthiness and cybersecurity resilience.
Outlook
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, said the report demonstrates the authority’s role in “driving Dubai’s sustainability vision, advancing innovation, and reinforcing the emirate’s position as a global hub for clean energy and green economy.”
As Dubai accelerates toward its Net Zero 2050 target, DEWA’s integrated strategy — balancing financial performance, renewable investments, and stakeholder well-being — positions it as a leading global model for sustainable utilities.
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