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GCC Renewable Energy Market Grows 9-fold to $11 billion

The GCC’s renewable energy market, which grew nine-fold to $11 billion from 2008 to 2016, is set to grow exponentially in the next few years, two key forums at the World Future Energy Summit (WFES) in Abu Dhabi heard.

 

“As the GCC pioneers renewable energy, the Energy Expo & Forum and Solar Expo & Forum saw the latest innovations and industry experts address the challenges and opportunities in key topics such as grid stability, clean energy, and emerging technologies,” said Grant Tuchten, Group Event Director, World Future Energy Summit.

 

“We have very good representation from key stakeholders across the value chain – government project owners, consultants, financiers, developers, researchers, engineers and technology providers making the most of the opportunities to share knowledge, discover innovation and do business at Middle East’s largest future energy and sustainability event.”

 

Taking Abu Dhabi’s government-led renewable energy initiatives to a global level, exhibitors and speakers included the Abu Dhabi Department of Energy; the Abu Dhabi Power Corporation and its subsidiaries the Emirates Water and Electricity Company (EWEC), Abu Dhabi Distribution Company (ADDC), and TRANSCO; and Masdar showcased their latest projects and innovations.

 

Solar Expo exhibitors included solar power developers such as Constructions Industrielles de la Méditerranée (CNIM), EDF, Engie Group, Marubeni, Skypower, and Taaleri Energia; smart grids firms Huawei, Ingeteam, Fronius, and Sungrow; solar trackers NEXTracker, PiA Solar, and Soltec; and solar panel manufacturers LONGi Solar Technology.

 

Energy Forum sessions included insights by senior executives from regional and international public and private sector leaders, such as the China National Nuclear Corporation, the Clean Energy Business Council Mena, the GCC Interconnection Authority, GE Power Digital, the Japan Bank for International Cooperation, Masdar Clean Energy, and Transco.

 

Speakers have included Mohammed bin Jarsh AlFalasi, Undersecretary, Abu Dhabi Department of Energy, who delivered the keynote address, as well as discussing the world's largest virtual battery plant which went live in Abu Dhabi during 2019. He also participated in a panel discussion on the future of electricity power in the GCC, joined by other government and industry leaders including Dr. Abdul Hussain Ali Mirza, President, Sustainable Energy Authority, Bahrain.

 

Also sharing their knowledge on expert panels were Eng. Ahmed Ali Al-Ebrahim, CEO, GCC Interconnection Authority, as part of a keynote panel discussion on energy transition as a grid stability challenge; and Prof James Momoh, Chairman, Nigeria Electricity Regulatory Commission, in a discussion on financing for storage and PV projects.

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