Quotes: 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
 Dec 21 2014 - Saudi- Muhammad Ali hospitalized with mild pneumoniaArab News
(MENAFN - Arab News) LOUISVILLE: Boxing legend Muhammad Ali was in stable condition after being hospitalized with a "mild" case of pneumonia his spokesman Bob Gunnell said.The 72-year-old Ali was ...

 Dec 21 2014 - Al-Naimi is 'confident' oil prices will improveArab News
(MENAFN - Arab News) ABU DHABI: Petroleum and Mineral Resources Minister Ali Al-Naimi said he was confident world prices would improve after a slide he blamed partly on 'lack of cooperation' by ...

 Dec 21 2014 - Irresponsible non-OPEC output behind oil price plunge: UAEArab News
(MENAFN - Arab News) ABU DHABI: "Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the main causes of the slump in prices the UAE energy minister charged ...

 Dec 21 2014 - Gulf oil producers stand firm on OPEC outputAFP
(MENAFN - AFP) Oil-rich Arab Gulf countries stood firm against non-OPEC crude producers on Sunday, vowing they will not cut output nor hold an emergency cartel meeting to support slumping ...

 Dec 21 2014 - Saudi produces 74 percent of GCC polymer capacityMENAFN
(MENAFN) The National Petrochemical Industrial Co. (NATPET), a Saudi joint stock company, has revealed that 74 percent of the GCC's polymer capacity, totaling 17.6 million tons, was produced in the ...

 Dec 21 2014 - Algeria worried on falling oil pricesMENAFN
(MENAFN) Algeria, which oil revenues make up 97 percent of its hard currency earnings and 60 percent of the government's budget, is beginning to feel the impact of the fall in oil prices that led it ...

 Dec 21 2014 - UAE's non-oil trade hits USD142b in H1MENAFN
(MENAFN) The UAE's Federal Customs Authority (FCA) said that the value of direct total foreign non-oil trade has reached USD142.8 billion during the January-June period of 2014, Arabian Business ...

 Dec 21 2014 - UAE slams non-OPEC members on rising oil productionMENAFN
(MENAFN) The UAE's Ministry of Energy said that the decision made by the Organization of the Petroleum Countries (OPEC) not to cut production was correct despite the prices continuing with their drop ...

 Dec 21 2014 - Oman's OLC, Spanish CLH sign USD320m contractMENAFN
(MENAFN) Orpic Logistics Company (OLC), a joint venture between Oman Oil Refineries and Petroleum Industries (Orpic), announced it has signed an engineering, procurement and construction (EPC) ...

 Dec 21 2014 - UAE's Hakkasan acquires USD36m The Light GroupMENAFN
(MENAFN) Hakkasan Group, the hospitality and entertainment company owned by Abu Dhabi-based Tasameem Real Estate, announced it has acquired The Light Group from Morgans Hotel Group (MHG), Arabian ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help