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 20 2014 - Saudi stocks buck trend with healthy gainsArab News
(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index bucked the three-day prevailing downward trend and logged a sharp gain of 2.39 percent on Sunday.The index opened with a largely ...

 Oct 20 2014 - Saudi- NCB pledges conversion to Islamic bank after pressure from scholarsArab News
(MENAFN - Arab News) RIYADH: National Commercial Bank (NCB) has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within ...

 Oct 20 2014 - HE Prime Minister Inaugurates Milipol Qatar 2014Qatar News Agency
(MENAFN - QNA) Under the auspices of HH the Emir Sheikh Tamim bin Hamad Al-Thani, HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani inaugurated the 10th ...

 Oct 20 2014 - HE Prime Minister Meets Commander of Turkey's Aegean ArmyQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Commander of Aegean Army General Abdullah Atay and ...

 Oct 20 2014 - HE Prime Minister Meets Iran's Police ChiefQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Chief of Iran's National Police Forces Commander Ismael Ahmadi and the ...

 Oct 20 2014 - Israeli Forces Arrest Four Palestinians from Bethlehem and HebronQatar News Agency
(MENAFN - QNA) Israeli forces arrested early Monday four Palestinians from Bethlehem and Hebron districts, said security sources. Large Israeli troops raided the town of Taqou‘ to the east of ...

 Oct 20 2014 - 20 million to vacation abroad by 2030Arab News
(MENAFN - Arab News) The number of Saudi vacationers spending their holidays abroad will increase sixfold by 2030 a local study revealed.The study carried out by a company specializing in travel ...

 Oct 20 2014 - Student's death in US: Cousin reveals detailsArab News
(MENAFN - Arab News) Several relatives of Abdullah Alkadi the Saudi scholarship student in the US whose body was found late on Thursday more than a month after he went missing are flying to Los ...

 Oct 20 2014 - King orders free treatment for people with special needsArab News
(MENAFN - Arab News) Custodian of the Two Holy Mosques King Abdullah has instructed the Ministry of Social Affairs to pay the treatment costs of people with disabilities at rehabilitation centers. ...

 Oct 20 2014 - S. Korea's Int'l Airline Traffic Grows 9.12 in Q3Qatar News Agency
(MENAFN - Qatar News Agency) Seoul October 20 (QNA) - South Korea's international airline traffic rose 9.1% from a year earlier in the third quarter partly on a rise in the number of flights to and ...

more...


 






Google

 
 

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