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

Saudi- More research on green energy vital  Join our daily free Newsletter

MENAFN - Arab News - 28/11/2012

No. of Ratings : 0
Add to Mixx!


German Embassy Counselor for Economic Affairs Peter Hofmann with Centrotherm
(MENAFN - Arab News) The Renewables Made in Germany exhibition continued to draw visitors from local business and industry on its second day in Riyadh yesterday.

"As oil is a depleted wealth, an effort should be made to create alternative sources of energy," Prince Saud bin Abdullah bin Thunayan, chairman of the Royal Commission for Jubail and Yanbu, said in a statement.

He said this could be carried out through intensified scientific research to overcome challenges facing the production and storage, and increasing the feasibility of using renewables and clean energy, solar energy in particular.
Industry players agree. Hartmut Gross, Centrotherm's director of sales and marketing, said his company was doing this as it stood for uncompromising technology, products and solutions. He attended the second day of the
exhibition with his colleague Steffen Mueller, head of technical marketing.

"We constantly set new standards through innovations across the entire PV value chain. Customers with existing turnkey production lines also benefit from this approach. We bring their systems up to state-of-the-art standards, such as selective emitter or centaurus technology, with our technology and equipment upgrades," he said.

This creates the basis for higher cell efficiency and helps customers to achieve competitive advantages and that Centrotherm guarantees key performance benchmarks, such as production capacity, efficiency and completion dates, he said.

"This positions us as a highly dependable partner in the solar industry for both market entrants and well-established solar companies. We also develop high-tech production systems and processes for the manufacture of semiconductor components for the semiconductor industry," he said.
Peter Hofmann, German counselor for economic affairs, encouraged the use of renewable energy instead of gas and oil which could be used for other purposes.

"Oil and gas should not be wasted on electricity generation. These could be used to produce pharmaceuticals and plastics. Hence the need for renewable energy," said Hofmann who had earlier served his country's diplomatic missions in Washington, Kuwait, Brussels, and Greece.
For Saudi Arabia, photovoltaics and solar thermal energy are also ideal for desalination instead of fossil fuels like oil and gas, he said, adding that wind energy could also be included as part of technology in the southwestern part of the Kingdom.

Hofmann, who attended the University of Munich, said that it will take many years before fossil fuel like oil and gas could be depleted. However, he said, these are bound to be depleted.

"Not now or tomorrow; there are many more oil and gas resources that are still undiscovered. The Red Sea may be sitting on more oil and gas and other mineral resources than are currently known but making them available may not be feasible due to prohibitive costs," he said.

However, he added that renewable energy will always be available after gas reserves have run out.

"So it's better to invest now and gain technical experience and use the fossil resources like oil and gas for better purposes," he said.

Hofmann added that there are many ways of saving energy, and energy efficiency is a major issue in Germany.

"Industry can improve its processes. Households can invest in energy-friendly appliances. In this way, all of us can contribute," he said. In Germany, much progress has been made in energy-friendly automation. German cars use less gasoline than comparable vehicles, he added.

"And Germany has also made much progress in the development of electric cars as well. The technology is simple but you need to invest in electric car infrastructure. It is possible to buy an electric car for daily trips to work and charge the battery at the end of the day at your house," he said.

The exhibition moves to Dammam on Nov. 30-Dec. 2 and to Jeddah on Dec. 5-7.


  MENA News Headlines




Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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