- UAE launches $1 billion portfolio in Yemen, focusing on solar, wind, battery storage, and distribution network expansion to boost energy access and stability.
- Global South Utilities will implement the program, supporting hospitals, schools, industries, and driving economic growth through reliable, low-carbon energy infrastructure.
The United Arab Emirates unveiled a $1 billion energy portfolio in Yemen on Friday, November 28, aiming to boost renewable energy, energy storage, and the development of the country’s distribution network. The announcement came at the first Yemen Energy Conference in Aden.
Global South Utilities will execute the portfolio, leading solar and wind projects, advanced battery energy storage installations, and distribution network expansions. The initiative seeks to improve energy stability, support economic growth, and provide reliable power for hospitals, schools, and industrial facilities.
Ali Al-Shammari, Managing Director and CEO of Global South Utilities, said the program will build “real, reliable energy capacity that will open a new cycle of growth, reduce production costs, and enable critical services to operate with stability.”
The UAE’s investment represents a significant milestone for Yemen’s energy sector. Analysts said it reflects a strategic shift toward renewable energy adoption, grid modernisation, and low-carbon infrastructure to support long-term economic resilience.