Kanoo Energy has experienced significant growth over the past few years, driven by its expansion into cleaner energy projects and technology, according to a senior official.

"With the UAE's growing manufacturing sector and emphasis on energy efficiency, we anticipate a surge in demand for our solutions. Recent collaborations with OEMs and service providers have bolstered our offerings and market presence. Our regional expansion plans for the GCC and Africa are also progressing well," said Raman Marwaha, General Manager of Kanoo Energy in the UAE and Oman.

Kanoo Energy has been actively involved in initiatives aimed at a low-carbon future. "Our investments in high-efficiency gas-based power generation projects are a cornerstone of this strategy. We also play a pivotal role in assisting clients in developing and implementing sustainability programs to monitor and reduce emissions. Our partnerships with leading technology providers have been instrumental in advancing our clients' sustainability goals and aligning with the UAE's climate objectives," Marwaha noted.

The UAE government's clear policies and regulations promoting renewables and energy efficiency are in line with Kanoo Energy's operations. "The government's commitment to achieving net-zero emissions by 2050 is crucial for companies like ours to adopt sustainable practices. The support provided through various research facilities has also been essential in evaluating future clean-tech solutions," Marwaha added.

Marwaha emphasized the critical role of the UAE industry in the nation's journey towards net-zero emissions. "Strategic initiatives are required from all industry players, including reducing greenhouse gas emissions through technology, investing in high-efficiency energy solutions with a low carbon footprint, partnering with government and regulatory bodies, and aligning sustainability goals. A well-defined ESG strategy and roadmap are also essential," he said. Strong ESG commitments are also vital for attracting investors and securing funding, Marwaha noted.

Looking ahead, Kanoo Energy is well-placed to capitalize on the growing demand for cleaner energy. "Our investments and collaborations with technology providers will further drive our business growth," Marwaha concluded.

Source link:   https://www.khaleejtimes.com