Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

KSA shines spotlight on solar energy schemes  Join our daily free Newsletter

MENAFN - Arab News - 08/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) E opportunities for both local and international solar companies in the region have been increasing steadily according to top industry executives who attended the two-day middle east & north africa solar conference and expo (menasol) that concluded in dubai.more than 400 top energy executives gathered at dubai's hyatt regency to discuss how best to develop and construct photovoltaic (pv) and concentrated solar thermal power (csp) plants in the region's top markets including saudi arabia uae jordan and morocco.the speakers also debated and discussed the challenges of project development in the region.one of the key issues that was discussed thoroughly was how to develop the solar industry in saudi arabia. currently the solar spotlight in the middle east has been focused on kingdom.according to the experts the huge size of the solar program has dwarfed the efforts being made by all the other countries in the region.addressing the panel discussion titled'designing competitive and bankable projects in saudi arabia'imtiaz mahtab regional managing director of air liquide said that saudi arabia has strong infrastructure for renewable energy projects. 'it has a lot of engineering companies and banks are ready to finance it. it means the mechanism to produce renewable energy is there… but the policy has to be streamlined" he pointed out.alexander allegue vice president of business development at sun & life company in riyadh said that a lot of lobbying and awareness campaigns were needed toaccelerate the process because solar energy business is new to saudi arabia. 'we are working on lobbying and awareness programs on different sectors. in addition a lot of cooperation from the private sector is also essential" he said.since the industry is new to the region we needsa lot suitable candidates to implement it" he added.richard keenan partner of chadbourne & park llp expressed high expectations from saudi market and said that international renewable energy companies have started discussionsregarding tie ups with saudi arabia on various projects. 'saudi electricity company and saudi aramco have been supporting many energy projects in this regard. the support from the government side also is encouraging. in addition credit facilities are available for such projects."sam shaker ceo of areva solar said that a clear frame work is a must to develop renewable energy from ksa.addressing the conference vahid fotuhi president of the middle east solar industry association (mesia) said dubai is currently aiming to meet 1 percent of its power demand with solar energy by 2020 and 5% by 2030. he said that the potential is huge and the comparison of solar to coal nuclear or particularly gas is becoming ever more apparent.'dubai should be far more ambitious and aim to hit 10 percent within 16 years" he noted.the renewable energy development in jordan which has taken a big step toward becoming a key market for renewable energy in the middle east was also discussed during the conference.more than 70 speakers from leading solar developers from different countries participated in the discussions.arab news was a media partner for the two-day event.csp industry leaders — including saudi aramco kuwait oil company masdar abengoa and acs cobra-attended the event. government agencies including national electric power company jordan (nepco) national electricity office- morocco (onee) moroccan solar energy agency (morocco) dubai supreme council of energy (dsce) and dubai electricity and water authority (dewa) also participated in the event.


 


Arab News




  MENA News Headlines
 Oct 25 2014 - Qatar-Kerala Inter District Football Tournament beginsThe Peninsula
(MENAFN - The Peninsula) Officials and guests at the opening of the 8th Qatar-Kerala Inter District Football Tournament 2014 at Doha Stadium yesterday. ...

 Oct 25 2014 - Qatar- ICBF elects new office-bearersThe Peninsula
(MENAFN - The Peninsula) Arvind Patil Shivamurthy is the new President of Indian Community Benevolent Forum (ICBF).He defeated Mohamed Habib-Un-Nabi and Clarence Joseph in a triangular election ...

 Oct 25 2014 - Organisation of Russian Compatriots in Qatar lines up activities for 2015The Peninsula
(MENAFN - The Peninsula) The first conference of Organisation of Russian Compatriots in Qatar yesterday at Diplomatic Club witnessed the official start of activities of its newly-established ...

 Oct 25 2014 - Fossil treasures at risk in Morocco desert townAFP
(MENAFN - AFP) In the middle of a sprawling palm grove in Morocco's remote eastern desert, inhabitants of an oasis town watch over a rare and vanishing treasure. At the entrance of a traditional ...

 Oct 25 2014 - Disabled Palestinian war photographer turns camera on cultureAFP
(MENAFN - AFP) When Palestinian Osama Silwadi was crippled by gunfire it ended his career as a war correspondent, but the now wheelchair-bound photographer has found a new calling documenting his ...

 Oct 24 2014 - Qatar- Aljazeera to mark 300 days since arrests of journalistsThe Peninsula
(MENAFN - The Peninsula)   Aljazeera will be airing a special 300 second montage live on TV and online today to mark the 300 days since the arrest of its journalists Baher Mohamed, Mohamed Fahmy and ...

 Oct 24 2014 - Qatari, Iranian firms sign agreementThe Peninsula
(MENAFN - The Peninsula)  Qatar's Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday visited the Islamic Republic of Iran, accompanied by a delegation that ...

 Oct 24 2014 - Ecuador invites Qatari investors in key sectorsThe Peninsula
(MENAFN - The Peninsula)  The visiting President of the Republic of Ecuador, Rafael Correa Delgado, invited Qatari businessmen to invest in some of the promising sectors of the Ecuadorean economy, ...

 Oct 24 2014 - Qatar- Interior Ministry signs deal worth QR329m at MilipolThe Peninsula
(MENAFN - The Peninsula)  The total number of people who visited the recently concluded Milipol Qatar exhibition reached 6,583 persons from 63 countries, according to a press statement.Brig Nasser ...

 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help