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          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Mena region to attract $35 billion renewable energy investment

              PR

              January 18, 2016
              in Power & Electricity, Renewable Energy
              0

              With increasingly lower-cost solar photovoltaic modules helping the countries in Middle East and North Africa (Mena) to diversify their energy mix, the region is set to attract $35 billion worth of renewable energy investments every year by 2020, stated experts from the International Renewable Energy Authority (Irena).
              They were speaking at the World Future Energy Summit 2016 (WFES) which opened Monday (January 18) in the UAE capital.

              Hosted by Masdar, WFES is being held at the Abu Dhabi National Exhibition Centre till January 21, co-located with International Water Summit and EcoWaste.

              It is a global platform for open dialogue between government and industry leaders, international policy makers, investors and experts, said the organizers.

              Speaking at the launch, leading industry experts have urged governments, banks and landlords in the Mena region to join forces to promote solar rooftop adoption, thus saving on energy costs and creating 'green' jobs.

              One of the key supporters of solar rooftop innovation is Dubai Water and Electricity Authority (Dewa), whose Shams Dubai initiative connects solar rooftops to its power grid, in support of Dubai Plan 2021 and the Smart Dubai initiative.

              Part of the objective is to make Dubai one of the ‘smartest’ cities in the world for energy supply and demand.

              Owing to these initiatives, the GCC’s solar capacity is expected to reach 10 gigawatts, representing a market opportunity of at least $10 billion to 2020, with solar rooftops in the UAE reaching 2.5 gigawatts and a $3 billion opportunity, the experts stated.

              With the UAE aiming for 10 per cent of power generated by renewables by 2030, according to Irena, Dewa is furthering the UAE’s solar sector through the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar project at 5 GW by 2030.

              "Dubai Clean Energy Strategy aims to provide seven per cent of Dubai’s energy from clean energy sources by 2020, 25 per cent by 2030 and 75 per cent by 2050," stated Saeed Mohammed Al Tayer, the managing director and chief executive of Dewa.

              "The shift towards using clean and renewable energy sources has many benefits for the environment, economy, and natural resources. For example, the Mohammed bin Rashid Al Maktoum Solar Park will help achieve a reduction of over 6.5 million tons of carbon emissions, and support the green initiatives and programs implemented by the Government of Dubai to reduce carbon emissions," he noted.

              The Dubai utility had launched the Shams Dubai scheme under which PV panels installed on rooftops of buildings are connected to the grid and then the surplus electricity is exported to Dewa’s grid.

              “At the World Future Energy Summit we will showcase these innovations, along with best practices in supporting innovation in the energy sector through research and development,” stated Al Tayer.

              Dewa will also be unveiling its major plan to make 30,000 buildings energy efficient by 2030, install a million smart meters by 2020, and deploy electric vehicle charging stations throughout Dubai with its Green Charger program.

              Supporting new business opportunities and innovation in the region’s solar market is the WFES Solar Expo, where more than 150 solar exhibitors will interact with innovators, project developers, and buyers to experience the latest solar innovations, learn about solar trends, and network with solar experts at the WFES conference.

              WFES Solar Expo will also include key players such as Abdul Latif Jameel, ADC Energy Systems, Alec Energy, Amana, EFG Hermes, Renewable Energy Company (REC), SkyPower, SolarWorld, Suntech Power, and Yingli Solar.

              "In the Mena region, solar rooftops have gone from a niche environmental market to a game-changer with high potential for homes, offices, or mega-projects, and can pay for themselves after only four years," said Dr Raed Bkayrat, the research director at Middle East Solar Industry Association, and VP of Business Development – Middle East, First Solar.

              “However, for widespread solar rooftop adoption, landlords must understand the concept, governments need to provide regulations and incentives to support landlords, and banks need to be able to find innovative ways to finance solar rooftops,” he added.
              Press release
              18 January

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