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

UAE opens world's largest CSP solar power plant  Join our daily free Newsletter

MENAFN - AFP - 17/03/2013

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093619458%26title%3dUAE-opens-worlds-largest-CSP-solar-power-plant Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093619458%26title%3dUAE-opens-worlds-largest-CSP-solar-power-plant Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - AFP) Oil-rich Abu Dhabi on Sunday officially opened the world's largest Concentrated Solar Power (CSP) plant, which cost 600 million to build and will provide electricity to 20,000 homes.The 100-megawatt Shams 1 is "the world's largest concentrated solar power plant in operation" said Sultan al-Jaber, the head of Abu Dhabi's Masdar, which oversees the emirate's plan to generate seven percent of its energy needs from renewable sources by 2020."Today, Shams 1 is the largest CSP plant in all terms," said Santiago Seage, chief executive officer of Abengoa Solar, one of the partners in the project.CSP uses a system of mirrors or lenses, whereas many other solar plants around the world use photovoltaic technology to harness solar power.Masdar now produces 10 percent of the world's concentrated solar power, Seage said during the official inauguration. The company's energy portfolio represents 68 percent of renewable energy produced in the Gulf region, where clean energy remains at an infancy stage.The solar park features long lines of parabolic mirrors spread over an area equivalent to 285 football pitches in the desert of the Western Region, some 120 kilometres (75 miles) southwest of Abu Dhabi.The 192 rows of loops collect heat that drives turbines to generate power that would save 175,000 tonnes of carbon dioxide every year, equivalent to taking 15,000 cars off the road.Automatic trucks are deployed to dust the mirrors in this desert location where sand poses a serious challenge to the efficiency of heat collectors. Masdar owns 60 percent of the project, while France's Total and Spain's Abengoa Solar own 20 percent each.Abu Dhabi is the wealthiest of the seven sheikhdoms that make up the federation of the United Arab Emirates.It sits on proven oil reserves totalling 98.2 billion barrels -- 95 percent of the UAE's reserves, which are the world's seventh largest. It also has a large wealth of gas.The UAE's leaders were on site for the ceremonial opening, led by President Sheikh Khalifa bin Zayad Al-Nahayan and his vice president, Prime Minister and ruler of Dubai, Sheikh Mohammed bin Rashid Al-Maktoum."The UAE today is the first in the Middle East and OPEC (oil exporting organisation) to begin producing renewable energy, in addition to having hydrocarbon exports," said Jaber.Total's head of New Energies, Phillipe Boisseau, said the Shams venture is a natural outcome of the established relation with Abu Dhabi in the energy sector."We share the vision of the need to diversify energy sources," he said.Abu Dhabi has vied over the past years to establish a name as a centre for renewable energy, starting with forming Masdar and then becoming the host of the newly-formed IRENA renewable energy organisation."This is an extraordinary moment for us," said IRENA's chief Adnan Amin following the inauguration.He said Shams 1 is the "first massive step" towards having the oil-rich Middle East becoming also a centre for renewable energy.

 






  MENA News Headlines
May 18 2013Slovenia says reforms on track despite ratings downgrade ,AFP
(MENAFN - AFP) Slovenia on Saturday said it was confident its newly-adopted action plan would stabilise public finances and lead to an economic recovery, a day after international ratings agency ...

May 18 2013Thousands join anti-austerity march in Rome ,AFP
(MENAFN - AFP) Tens of thousands of people joined a union-organised march in Rome Saturday, protesting against the new coalition government's austerity measures. The metal workers union FIOM said ...

May 18 2013Serbia arrests eight over pharma firm embezzlement ,AFP
(MENAFN - AFP) Serbian police on Saturday arrested eight people suspected of embezzling some 12 million euros ($15 million) from the country's main pharmaceutical firm Galenika. The eight, ...

May 18 2013Algeria pilots' strike grounds national carrier ,AFP
(MENAFN - AFP) Air Algerie planes were grounded for several hours on Saturday when the national carrier's pilots staged a wildcat strike over pay, officials in the North African country said. Air ...

May 18 2013'Gap' for HIV vaccine efforts after latest setback ,AFP
(MENAFN - AFP) The hunt for an HIV vaccine has gobbled up $8 billion in the past decade, and the failure of the most recent efficacy trial has delivered yet another setback to 26 years of ...

May 18 2013Lotto fever strikes US as jackpot swells ,AFP
(MENAFN - AFP) Americans have lined up in droves across the country to buy Powerball Lottery tickets in the hopes of winning the record $600 million jackpot, the largest in the 21-year history of ...

May 18 2013Gays, lesbians push for same-sex marriage in Venezuela ,AFP
(MENAFN - AFP) Gays and lesbians demonstrated in Venezuela's capital Saturday to push for an end to discrimination and for civil rights such as same-sex marriage. "In some areas of the capital, ...

May 18 2013Denmark wins Eurovision Song Contest ,AFP
(MENAFN - AFP) Denmark won this year's Eurovision Song Contest in the Swedish city of Malmo early Sunday with the song "Only Teardrops" by Emmelie de Forest. Denmark, widely tipped to win the ...

May 18 2013India Walmart lobby case 'closed' ,AFP
(MENAFN - AFP) India's investigation into whether Walmart may have bribed Indian officials to gain wider access to the country's vast market has been "closed" due to lack of evidence, a report said ...

May 18 2013Morocco to harness the wind in energy hunt ,AFP
(MENAFN - AFP) Morocco is ploughing ahead with a programme to boost wind energy production, particularly in the southern Tarfaya region, where Africa's largest wind farm is set to open in ...

more...


 
MENAFN






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
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

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