Al Masaood Power Division has signed a distribution agreement with Sunstream International to spearhead the future of solar panel solutions in the GCC as part of its commitment to fostering the region?s transition to clean and renewable energy sources
The agreement, which was signed on 7 June 2022, is aimed at creating the widest and most sustainable range of patented containerised, towable and movable solar stations, which can be used in the agriculture, oil and gas, mining, and road construction sectors in the GCC region. The agreement also intends to generate green and local electricity even in hazardous, remote and challenging conditions.
Hani El Tannir, CEO, Group Industrial, said, ?The UAE and other countries in the Gulf region are ambitiously transitioning toward more sustainable energy sources with solar energy emerging as an important solution to fulfil the energy needs of the region. Other countries across the GCC are also working towards realising their national decarbonisation goals by fostering solar energy as the anchor to national renewable strategies.?
With this agreement, Al Masaood Power Division intends to use Sunstream International?s first generation of mobile and modular plug-and-play solar solutions on a larger scale to meet the energy demand of the GCC, as there is little presence of clouds, 20% around the year in the region. Solar power plants in the region can expect 1,750 to 1,930 hours of full-load operation per year.
Rasso Bartenschlager, general manager, Al Masaood Power Division, said, ?The Middle East is at the centre of the global energy transition with a huge influx of investment for renewables, including the solar energy sector. This partnership also represents an important short-term and long-term business opportunity as the GCC countries are an ideal market for renewable energy deployment.?
Despite trends showing that natural gas will remain the primary source of power in the region, Al Masaood Power Division will continue to heavily invest in renewable energy to provide sustainable electricity through solar energy.
Frederic Bouvet-Haas, CEO at Sunstream International, said, ?We need to understand that the path to net-zero is unique for every nation, but we must find new ways to meet the surging energy demand while rapidly reducing carbon emissions. The shared agenda to generate green and local electricity is in line with our partner?s commitment to facilitate the region's transition to clean and renewable energy sources aimed at fostering sustainable economies.
?We have decided to design the first generation of mobile and modular plug-and-play solar solutions, minimising environmental impacts and eliminating the use of concrete or cement.?