The UAE announced the launch of a $1 billion energy projects portfolio in Yemen, covering several governorates and aimed at supporting the rebuilding of the country’s electricity sector.

The portfolio will be implemented by the UAE-based Global South Utilities through solar and wind energy projects, advanced battery energy-storage solutions, and the development of distribution networks, in continuation of the projects the company is already carrying out in Yemen.

During the opening session of the National Energy Conference in Aden, Ali Alshimmari, GSU’s Managing Director and CEO, said: “This one-billion-dollar portfolio expands an energy system capable of supporting a larger economy and a more active market in Yemen.”

“We are investing in real, reliable energy capacity that opens a new cycle of growth, reduces production costs, and enables hospitals, schools and essential services to operate with stability,” he said.

He added: “An economy without stable energy cannot grow, and energy projects without partnerships built on commitment and perseverance cannot expand. This is what we are focused on today with our Yemeni partners: a partnership that builds real capacity for the sector and opens the way for larger and more sustainable projects.”

Global South Utilities, a Resources Investment company, continues to expand its operations in Yemen through a phased approach that includes solar-energy projects, storage systems and network development.

In August, the company said that the Shabwa Solar Plant had become ready to supply around 330,000 households with clean electricity, while phase two of the Aden Solar Plant is expected to supply an additional 687,000 households upon completion in 2026. -TradeArabia News Service