Tag Archives: Middle East Energy

Solar investment competition in Saudi Arabia to be ‘fierce’, reveals energy expert at Middle East Energy 2022

Dubai, UAE – 8 March 2022: Data from leading renewable energy company, Finergreen, has revealed the solar photovoltaic (PV) investment opportunities and potential in Saudi Arabia, Oman, Jordan, and Egypt, as part of a report produced by SolarPower Europe. The discussion took place at Middle East Energy as part of the Intersolar Conference, which continues today, Tuesday 8 March and tomorrow at the Dubai World Trade Centre.

Renewable energy targets, increased market liberalisation, and the enormous solar potential expected to drive boom in Middle East solar photovoltaic (PV) sector over the next five years

Antonie Poussard, Manager Partner, Finergreen, revealed that with the ambitious renewable energy targets, increased market liberalisation, and the enormous solar potential, the solar PV sector in the Middle East is set to boom over the next five years.

Speaking at the Intersolar Conference this morning, Poussard said: “Saudi Arabia plans to increase its installed PV capacity by adding 9.5GW by 2023. Achieving this goal will result from policymakers reshaping the legal framework governing foreign investments and renewable energy. This, coupled with continued market liberalisation, is how Saudi Arabia will unlock its full solar potential.”

According to the report, Saudi Arabia’s National Renewable Energy Programme (NREP) will be the mechanism for delivering the country’s Vision 2030, which forecasts energy consumption to increase threefold between 2016 and 2030.

Antonie Poussard, Managing Partner at renewable energy specialists Finergreen, outlined the findings of a report exploring the solar PV potential in the region at Middle East Energy in Dubai

“Thanks to the Ministry of Energy’s aim to increase the share of natural gas and renewable energy sources by approximately 50% by 2030, there are ample opportunities for private sector investment and public sector partnerships which have already attracted the attention of the likes of Acwa Power, EDF, Masdar and JinkoSolar,” added Poussard.

The report also highlighted Jordan’s plans to decrease its dependency on fossil fuel imports with an ambitious renewable energy target with electricity generation from renewables set to reach 31% by 2030. The data also revealed a remarkable breakthrough between 2015-2020 by raising renewable energy’s share in the electricity mix from 1% to 14%. However, it was also outlined that bold measures would be required to meet targets and a need for the public and private sector to work in tandem.

Data also revealed Egypt is repositioning itself as a regional energy leader with strong clean energy investment ambitions and is viewed as an example for neighbouring countries across the Middle East and Africa. However, the report highlighted that achieving the country’s clean energy transition and meeting renewable energy targets will be tied to implementing conditions that attract further investment and improve business environments.

Oman has also resumed its ambitious development plan for renewables after successfully securing financing for its first utility-scale solar plant, which will be essential for the success of the country’s energy transition.

According to the International Renewable Energy Agency (IRENA), energy transition technologies will require investments of around $131 trillion by 2050

As part of today’s conference programme at Middle East Energy, the Global Energy and Utilities Forum will focus on finance, with the opening panel discussion addressing Funding the Energy Transition. According to the International Renewable Energy Agency (IRENA), energy transition technologies will require investments of around $131 trillion by 2050. Discussing this and other critical topics related to funding were Tim Palmer, Head of Renewables & Transition, UK Export Finance; Gurmeet Kaur, Partner, Pinsent Masons LLP; and Rajit Nanda, Advisor to the CEO, ACWA Power.

Speaking about the uptake in export finance, Palmer said: “Since setting up renewables and transition just over a year ago, we have seen remarkable take-up of our offering, so much so that we are already looking to expand our team – underscoring the demand within the market. Exporters and contractors are coming to us across the whole range of renewable sectors, both in mature technologies and very much from an emerging perspective.

Middle East Energy concludes tomorrow, Wednesday 9 March, with registration still open at the following link https://www.middleeast-energy.com/en/home.html.

As part of Informa’s commitment to providing the highest hygiene and safety levels, the event will again take place under the protocols introduced via the company’s Informa AllSecure health and safety mandate. The event will be at 100% capacity as per the recent rule changes by the UAE Government.

ameerul.hasan@thechangemakers.news

Middle East Energy 2022 to open next week in Dubai.

Dubai, UAE – 3 March 2022: Policymakers, business leaders, and industry experts from the energy industry will converge on Dubai next week to participate in Middle East Energy, formerly Middle East Electricity, when the MENA region’s most reputable and comprehensive event for the energy sector returns to Dubai.

The event will be held under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and is hosted by the UAE Ministry of Energy & Infrastructure

Taking place at the Dubai World Trade Centre, from Monday 7 March until Wednesday 9 March, under the show theme of Guiding you through the energy transition, the event will provide a platform for the global energy industry to discover new products and the latest energy innovations, do business with exhibitors from around the world and provide the opportunity to hear from experts on developing a diverse, digitised and sustainable future.

Focusing on five key sectors – Transmission & Distribution, Smart Solutions; Renewable & Clean Energies; Backup Generators & Critical Power; and Energy Consumption & Management – the event will provide a platform for understanding more about energy alternatives and solutions including digitalisation, solar, wind, and hydro energy solutions, among others.

Azzan Mohammed, Exhibition Director, Global Energy & Utilities Forum and Middle East Energy, said: “Middle East Energy has a fundamental role in supporting the global energy community adjust its sustainable strategies as we look to the future and reassess the way we use, produce and consume energy. We want to provide a platform whereby the challenges and opportunities of the energy transition can be discussed in detail and where solutions and new technology can be showcased to achieve this global goal.

Over 18,000 attendees and 500 exhibitors from 131 countries are expected during the three-day energy showcase

“This year, we have seen a surge in demand from both buyers and exhibitors eager to meet in-person to learn more about the products changing the face of the energy landscape and hear insights from leaders within the field.”

Held under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Middle East Energy is hosted by the UAE Ministry of Energy & Infrastructure, where five Ministry officials are confirmed to speak. They include H.E. Yousif Al Ali, Assistant Undersecretary for Electricity, Water and Future Energy Sector, Ministry of Energy & Infrastructure, UAE; H.E. Aisha Al Abdooli, Acting Assistant Undersecretary for Green Development & Climate Change, Ministry of Climate Change & Environment, UAE; Eng. Iqbal Altayer, Director – Technical Supervision (Power & Alternate Energy) Ministry of Electricity & Water, Kuwait; Andrea Di Gregorio, Executive Director – Energy Efficiency & Renewables, Ras Al Khaimah Municipality; and Eng. Nawal Yousif Ibrahim Al-Hanaee, Director of Future Energy Department, Ministry of Energy and Infrastructure, UAE.

The esteemed speakers will all be participating in the Global Energy & Utilities Forum, which will provide a platform for industry experts to discuss thought leadership, collaboration, and solutions for meeting the energy shift within the sector through a series of high-level strategic panels, technical sessions, roundtable discussions and workshops.

The focus of discussion will be on developing a roadmap to decarbonisation, an insight into the energy systems of the future, the green hydrogen opportunities in the MENA region, funding of the energy transition, the rise of sustainable finance, powering the African continent with renewable energy, grids of the future, energy efficiency focus and decarbonising industries.

Middle East Energy returns to a live, in-person format from 7-9 March at the Dubai World Trade Centre

Other conferences taking place during the event include the Intersolar Middle East Conference and the Technical Hub, where visitors will learn more about industry best practices across key pillars of the energy sector, including Digitalisation & Smart Grids, Renewables, Green Hydrogen, and Energy Storage, and photovoltaics, PV production technologies and solar thermal technologies.

The event has also witnessed an uptick in international participation, with a 40% growth in visitors from Saudi Arabia rounding out the top three international visitor destinations, including Nigeria and Egypt. Other countries represented include France, Germany, Italy, China, the United Kingdom and the US. From the MENA region, Algeria, Morocco, Kenya, Lebanon, Iraq, Jordan will all be represented.

Within the five product sectors, a range of companies will be showcasing their latest innovations and cutting-edge technologies. EODev, the company responsible for developing and industrialising sustainable, reliable and affordable hydrogen-based energy solutions, will be showcasing the EODev GEH2®, a hydrogen fuel cell power generator designed to replace diesel or gas gensets in both mobile, prime, and emergency standby applications. This cutting-edge generator is completely zero-emission, only rejecting water and heat as by-products.

Meanwhile, Cummins Generator Technologies will be at Middle East Energy to discuss the world-renowned STAMFORD® S-Range and AvK® alternator ranges. They will showcase the versatile STAMFORD® S-Range alternators, upgraded with the latest features and technology, including the recently launched extension of the STAMFORD® S7 with new enhanced options, including water-cooling and extended ratings.

This year’s event sponsors include Perkins, Baudouin, Newage Stamford AVK, and Riello UPS.

As part of Informa’s commitment to providing the highest hygiene and safety levels, the event will again take place under the protocols introduced via the company’s Informa AllSecure health and safety mandate. The event will be at 100% capacity as per the recent rule changes by the UAE Government.

To see why energy professionals, EPC contractors and distributors have been visiting Middle East Energy for almost half a century, find out more about Middle East Energy here.

Please click on the following link to register for the event, https://www.middleeast-energy.com/en/home.html.

ameerul.hasan@thechangemakers.news