UK and UAE partner for growth

New agreement to support SMEs succeed in the renewables sector.

DECC and the Masdar Institute have co-fund £1m for renewable energy policy research which draws on domestic experiences of policy designed to promote renewables deployment.

The research will support the work of the International Renewable Energy Association (IRENA) to advise nations on putting renewable energy legislation in place.

DECC and the Masdar Institute are also launching a partnership made up of government bodies and private sector companies to be directed and hosted by the Masdar Institute.

The partnership will develop, support and guide small businesses as they look to deploy low carbon energy sources on a massive scale. London-based sustainable financiers Earth Capital Partners have estimated a potential investment opportunity for the private sector of up to £2bn.

The Provost of the Masdar Institute, Dr John Perkins, said,

"We are excited by the potential of our new relationship with DECC and the leading thinkers, researchers and officials working in renewable energy policy in the UK. A key part of our mission is to help translate ideas to the market and working with SMEs from the UK and the UAE to grow and be successful is essential in establishing a thriving renewable energy sector in both our countries.”