mena commitment to develop renewables improves economic outlook
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Mena commitment to develop renewables improves economic outlook

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Mena commitment to develop renewables improves economic outlook

Above, the Shams 1 concentrated solar power in the Western Region
Dubai - ArabToday

The Middle East and North Africa region’s growing commitment to develop renewable sources of energy has lifted sentiment on the outlook for economic development, according to a study commissioned by The National.
More projects, mainly in solar, have come online in the region as the cost for equipment continue to fall. In addition, governments are setting new targets for the proportion of electricity to come from renewable and clean sources, freeing up gas and crude feedstock to be used elsewhere.
Borderless Access polled more than 500 high-level executives from the UAE and Saudi Arabia with more than 90 per cent of respondents agreeing that the significant additional capacity of solar and wind energy sources will be of benefit to regional economies.
"Meeting power generation targets through renewable energy in the region is poised to grow," said Dushyant Gupta, Borderless Access’s senior vice president. "With enormous resources for both solar and wind energy available in the region, this focus on non-conventional route is primed to become more prominent."
The Middle East Solar Industry Association (Mesia) says that the Middle East North Africa region had nearly 700 megawatts of solar energy in operation by the end of 2015, according to a report released this month. Last year, about 200MW were added and another 200MW will be online by April. "We see a pipeline of more than 5,700MW of upcoming projects throughout the Mena region," said Wim Alen, Mesia’s secretary general.
About 56 per cent of respondents in the UAE agree that more renewables will increase the pace of economic development, while 38 per cent strongly agree. The UAE is one of the main movers and shakers in the region with its world record-breaking prices for electricity generated by solar in Dubai for two years in a row.
The upcoming announcement from Abu Dhabi on its 350MW Sweihan tender may not only be another low price, but the project is also said to have been expanded to more than 1,000MW.
Saudi Arabia was even more bullish than its UAE peers, with 56 per cent strongly agreeing that renewables will have an impact.
Saudi Arabia’s energy ministry has announced the creation of the Renewable Energy Project Development Office (Repdo) to help implement the 9,500MW clean energy target in just six years. The country issued a request for qualification on February 20, closing in July, for 700MW of solar and wind projects, the first round of which will be awarded in September.
There are other measures happening in the UAE this year including the expected launch of the US$27 billion Green Fund. Dubai is also aiming to install solar panels on every rooftop in the emirate by 2030 and Abu Dhabi is currently seeking consultations for solar rooftop regulations.
In 2015, Acwa Power of Saudi, with partner TSK of Spain, achieved a then all-time-low of 5.84 US cents per kilowatt hour for the 200MW second phase of Dubai’s Mohammed bin Rashid Al Maktoum solar park. Last year, Masdar won the 800MW third phase at 2.99 cents per kWh.

Source: The National

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mena commitment to develop renewables improves economic outlook mena commitment to develop renewables improves economic outlook

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mena commitment to develop renewables improves economic outlook mena commitment to develop renewables improves economic outlook

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:56 2017 Tuesday ,21 March

MP amongst Palestinians kidnapped by IOF overnight

GMT 18:05 2012 Friday ,09 November

Rome film fest favours emerging directors

GMT 12:19 2016 Monday ,28 March

Japan loses track of $273m black hole satellite

GMT 21:39 2017 Monday ,06 March

Arab Movement forces control Timbuktu

GMT 14:13 2017 Saturday ,11 March

CHELSEA Beat SWANSEA City 3-1

GMT 09:09 2017 Thursday ,21 September

Kagawa leads Dortmund 'fire engine' back

GMT 06:43 2017 Thursday ,23 March

Wael Jassar says he still works with Arabica

GMT 07:41 2017 Thursday ,16 March

IOF raid West Bank, injure five, arrest 23 by dawn

GMT 12:37 2017 Wednesday ,15 March

Antarctic penguin numbers

GMT 08:06 2017 Saturday ,09 December

Turkey's Erdogan holds visit to Greece

GMT 11:39 2017 Saturday ,25 February

Russian cargo ship docks

GMT 08:02 2017 Wednesday ,08 November

Dubai records 7.5% rise in tourists

GMT 20:37 2011 Friday ,05 August

NFL commissioner, union boss sign new deal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 20:43 2016 Wednesday ,11 May

Libya's Sarraj arrives in Cairo

GMT 12:08 2016 Monday ,12 December

Foreigners sell South Korean stocks in 6 months

GMT 02:50 2015 Saturday ,18 April

Positive indicators for Egypt economy
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice