Abu Dhabi invests in solar projects

by ArabianBusiness.com staff writer Thursday, 01 March 2007

The Government of Abu Dhabi is to build the Gulf’s first solar power plant at a cost of US $350 million (AED1.3 billion).

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The 500MW plant will form part of the Emirate’s plan to cut dependence on fossil fuels. Funders include Future Energy and the Abu Dhabi Water and Electricity Authority (ADWEA).
“We do not want to be 100% dependent on hydrocarbon power,” explained Sultan Al Jaber, CEO of Future Energy.

Abu Dhabi wants to provide solar power to 10,000 homes and is creating a new economic sector for the development of alternative energy. The plant is expected to begin operations in 2009.

The Masdar Initiative, Abu Dhabi’s program for sustainable energy, is the driving force behind the adoption of solar technologies in the UAE. There are already photovoltaics and concentrating solar power projects underway in the Emirate.

“By establishing substantial local pv manufacturing capacity, Abu Dhabi is leveraging its financial and human resources effectively into the high-tech, highly skilled industries of the future,” commented Al Jaber.

The move follows the setting up of a UAE Chapter of the UK-based World Renewable Energy Network, which will be based in Abu Dhabi and headed by Al Jaber.



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