Under the policy adjustment, VAT export rebates for solar products will be fully removed from April 1, 2026. 31, 2026, before being eliminated entirely from Jan.
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With the adoption of ZEMBOP, new construction projects will be required to be all-electric, 10% more efficient than the state code, and designed to include a solar or other renewable energy system plus a battery energy storage system large enough to cover the facility's electricity.
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The Dubai government and energy authorities have introduced the “PV and Battery Energy Storage Systems for Self-Supply Policy (2026)”, providing a clear regulatory framework that encourages businesses and property owners to deploy solar photovoltaic systems and battery storage.
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Jefferies initiates Buy on Emmvee Photovoltaic, citing India's rapid solar scale-up, strong policy support and cost advantages. It expects installations to grow 24% CAGR, lifting domestic manufacturers' profitability and positioning Emmvee for high-teen returns despite medium-term.
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