Chevron Qatar Energy Technology, an affiliate of Chevron Corporation, and GreenGulf Inc, a Qatar-based renewable energy and clean technology company, on Sunday announced a deal to carry out solar energy tests in the Gulf state.
The companies said they had signed a memorandum of understanding for a joint study to test solar energy technologies and their application at Qatar Science & Technology Park (QSTP).
The project will collect and evaluate the data provided by technologies to be located at a 35,000 square metre solar test site at QSTP.
The project will also study the performance of different photovoltaic and solar thermal technologies, the companies added in a statement.
Under the deal, Chevron and GreenGulf will each invest up to $10m in the study programme, with Chevron's investment part of an initial $20m commitment to QSTP.
Technology tests are expected to start in late 2010 and continue for two to four years.
Omran Al-Kuwari, CEO of GreenGulf Inc, said: "We see solar as potentially an important part of the region's future energy mix...Our joint study with Chevron provides a strong foundation on which to build that knowledge and ensure that we are updated on this rapidly moving industry."
Carl Atallah, vice president of Chevron Qatar Energy Technology, added: "Bringing together parties with appropriate strengths is the key to successful projects. Chevron's technical expertise, GreenGulf's entrepreneurial vision and Qatar Foundation's science community at QSTP bring together excellent resources for studying solar energy."
Chevron announced in February 2009 that it will establish its Centre for Sustainable Energy Efficiency (CSEE) at QSTP and is now in the process of building the centre with it due to open in mid 2010.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.