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Fri 26 Sep 2008 05:30 PM

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Spanish firm eyes UAE solar power plant deal

Abengoa plans to make bid to take part in 500 megawatt Abu Dhabi project, CEO says.

Spain's Abengoa plans to make a bid to participate in a 500 megawatt solar power plant in Abu Dhabi, the chief executive of the firm's thermal solar unit said.

"We will be lodging a bid for the tender next month and we're optimistic about winning this contract," Pedro Robles said in an interview.

Abengoa, which has businesses ranging from engineering to environmental services, is already present in the emirate through its IT solutions provider Telvent.

Abengoa's solar unit has projects in other areas of the Arab world including Algeria and Morocco, where it participates in two combined solar and gas power stations.

Robles said the intensity of the sun in areas such as Arabia and North Africa has drawn solar power developers to the region.

"These areas have 40 percent more radiation than Spain, if we could capture all the radiation which falls on just two percent of the desert, we would have enough energy to power the planet," he said. (Reuters)

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Hal-Luke 11 years ago

It is a quantum leap in paradigm shift to start installing solar powered plants in the Middle East. Let's hope fuel guzzling consumers of Middle East learn of their next best natural fuel resource for cooling and saving energy for the generations to come...the Sun and the heat pumps, PV cells, solar panels etc Well done Abu Dhabi and may you lead the paradigm shift! Hal-Luke Savas London