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Solar-powered energy pricing is now at par with fossil fuel models, making it economically attractive and commercially viable, according to a recent ‘REmap 2030’ report
Published by IRENA, in conjunction with Masdar Institute and the UAE’s Directorate of Energy and Climate Change, the report added that solar power, together with other renewable energy sources, could save countries billions of US dollars annually while introducing innumerable health and environmental benefits and creating new jobs.
Therefore, as the world’s renewable energy industry continues to gather pace, World Future Energy Summit (WFES) 2016 will launch a dedicated zone within the event that will cater to the burgeoning solar sector — WFES Solar Expo.
Solar photovoltaic (PV) module prices, perhaps the best example of renewables’ new affordability vis-à-vis fossil fuels, have fallen by close to 75 per cent since 2008, the report noted.
Thus, the debut of ‘WFES Solar Expo’ — a dedicated area on the show floor for showcasing solar technology and innovation, and bringing together experts, innovators, suppliers, and buyers — is a concept whose time has truly come.
In WFES 2015, there were 154 exhibiting companies from the solar sector and more than 6,500 solar industry professionals in attendance, many of them from across the MENA region where the uptake of solar energy is on the rise.
The WFES 2016, hosted by Masdar, will take place at the Abu Dhabi National Exhibition Centre 18-21 January 2016, and will again be a part of Abu Dhabi Sustainability Week 2016.