MENA region to deploy solar power projects worth US$155 billion

MENA region set to deploy solar energy projects worth US155 billionCountries in the MENA region are set to invest an estimated US$155bn in solar energy projects by 2017

With solar power projects expected to generate more than 84 GW of power for the region by 2017, the challenges associated with the deployment of the renewable energy source will be discussed at the GulfSol 2013 summit, debuting in Dubai from 3-5 September 2013.

According to organisers Gattaca Communications, the summit will feature discussions from government figures and private sector companies, including talks on the feasibility of solar power projects in remote areas, unrealised opportunities in the region for international companies and enforceable regulatory and policy frameworks for implementation of solar projects.

The event is expected to be attended by more than 5,000 participants and will be accompanied by interactive workshops led by key industry figures.

Abu Dhabi recently announced its aim of generating seven per cent of its electricity from renewable sources by 2020, while the state-owned renewable energy company Masdar announced it will invest up to US$1.6bn in alternative energy schemes alongside the UK’s Green Investment Bank (GIB).

Derek Burston, exhibition manager of GulfSol 2013 said, “It is apparent that whilst the solar industry in other areas is struggling, right across MENA, the opportunities are there for companies to get themselves involved with a wealth of opportunities that are presenting themselves. Right now, nothing is hotter for solar than the Middle East.”

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