Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi, has decreed that 7% of power will come from solar panels sources by 2020.
The Middle East nation holds around 8% of the world’s oil reserves and derives the vast bulk of its national income from fossil fuels, but while other OPEC oil cartel members see renewables as a threat, it has taken a different view.
Sultan Al Jaber, chief executive of the state-owned future energy company Masdar, which will oversee the green drive, said at the World Future Energy Summit in Abu Dhabi that it was natural tomove into this new sector. By doing so Masdar would “provide a comprehensive solution to the world’s energy challenges and maintain Abu Dhabi’s position as a leading supplier of energy to the world.” The Gulf state, a part of the United Arab Emirates, also wants to differentiate itself from neighbour Dubai, and diversify its economy, believing a “green” infrastructure will help its image as a new tourist destination.
Abu Dhabi has already put itself forward as a possible location for the headquarters of a planned International Renewable Energy Agency being promoted by Germany. “Many [Opec members] see renewables as a threat but the crown prince sees them as an opportunity,” said a source close to the Abu Dhabi state. “He knows that the oil will eventually run out and he wants to ensure there is something left for future generations,” he added.
Prince Charles, who has close links to the Gulf royals, has been actively encouraging the green initiative behind the scenes, the source added, explaining that the Masdar executives had been invited to Buckingham Palace last year.
Prince Charles is already a patron of the Masdar City project which aims to build the world’s first carbon-neutral city in Abu Dhabi. He made an appearance by holographic video link at the first World Future Energy Summit held in the Gulf state last year. Prince Andrew has also become involved and was present at the meeting in the throne room at Buckingham Palace.
Masdar expects to mainly use solar energy to reach its 7% targets but is also looking at wind and even geothermal power, where heat from the ground is used as a power source. Masdar has already built links to Britain by investing with E.ON of Germany and DONG of Denmark in the London Array wind farm project of the coast of Kent which is tipped to be the biggest of its kind in the world.
The Abu Dhabi state stepped in when Shell pulled out of the £1bn project. The Anglo-Dutch oil group said it was concentrating its wind investment in the US, a move followed by BP. Masdar has $15bn worth of state-funding and has already started to build up its solar power business through a joint venture with Germany, a leader in the photovoltaics field. A new company, Masdar PV, will build manufacturing plants in both Germany and Abu Dhabi that will serve the growing demand for solar panels, which is beginning to compete on a cost basis with traditional energy sources, even without subsidies.
Dutch solar firm Econcern claimed today at the summit that prices of solar panels would half in the next five to six years. It claimed the global industry had already met the International Energy Agency’s target of 10GW of installed solar power by 2020.
Source - The Guardian
Showing posts with label Abu Dhabi. Show all posts
Showing posts with label Abu Dhabi. Show all posts
Monday, 2 February 2009
Thursday, 22 January 2009
Economic downturn must not hamper green energy plans
Former prime minister Tony Blair has urged his successor Gordon Brown and other political leaders not to allow the global financial crisis to halt the fight against climate change.
The former prime minister called for a new global deal that would set tough interim targets up to 2020 in a bid to “transform” countries to low-carbon economies.
Speaking at the World Future Energy Summit in Abu Dhabi, Blair said: “It is right now, at the instant when our thoughts are centred on the economic challenge, that we must not set to one side the challenge of global warming, but instead resolve to meet it and put the world on path to a sustainable future.”
Blair outlined a range of steps that were required through a “global compact” to meet the environmental challenge.
“It needs not just a 2050 target but an interim target to get there …a target for 2020 that shows seriousness of intent and gives business a clear, unequivocal signal to invest in a low-carbon future with green energy technologies such as solar panels.”
The interim goals would largely be aimed at the West but he believed it would have to be matched by obligations in the developing world. He suggested that strategic partnerships between China and America, India and America and Europe and America would be important, with all three being of “paramount importance”.
Blair said there was a need for a step change, not small steps to meet the scale of the challenge, but he also said it was necessary to be practical about what could be done.
“There is no point in demanding of President Obama something he cannot deliver. Instead let us help him deliver what he can.”
Blair said global warming required enormous changes in the way the world did its business but that global cooperation brought wider benefits.
He praised Abu Dhabi for its decision earlier this week to set a 7% renewable energy target for 2020. That showed other oil-rich nations in the region what could be done and was an example of the kind of move away from pure self-interest that the world needed, argued Blair.
He set out the importance of a green new deal to revitalise economies, arguing it was vital to “invest now in these times of a low-carbon price for the times when that price rises again”.
Blair, who took no fee for his speech, gave an upbeat assessment of his own 10 years in office as UK prime minister, saying greenhouse gases had fallen while economy had continued to grow. “There are now more jobs in the new environmental industries than in coal, steel and shipping combined,” he argued.
He also encouraged the development of nuclear power as a way of lowering carbon emissions, although he acknowledged that it was “controversial”.
Observers would contest Blair’s assessment of his green record, pointing out that much of the carbon dioxide reductions resulted from the demise of the UK coal industry, for economic reasons.
Source - Theguardian
The former prime minister called for a new global deal that would set tough interim targets up to 2020 in a bid to “transform” countries to low-carbon economies.
Speaking at the World Future Energy Summit in Abu Dhabi, Blair said: “It is right now, at the instant when our thoughts are centred on the economic challenge, that we must not set to one side the challenge of global warming, but instead resolve to meet it and put the world on path to a sustainable future.”
Blair outlined a range of steps that were required through a “global compact” to meet the environmental challenge.
“It needs not just a 2050 target but an interim target to get there …a target for 2020 that shows seriousness of intent and gives business a clear, unequivocal signal to invest in a low-carbon future with green energy technologies such as solar panels.”
The interim goals would largely be aimed at the West but he believed it would have to be matched by obligations in the developing world. He suggested that strategic partnerships between China and America, India and America and Europe and America would be important, with all three being of “paramount importance”.
Blair said there was a need for a step change, not small steps to meet the scale of the challenge, but he also said it was necessary to be practical about what could be done.
“There is no point in demanding of President Obama something he cannot deliver. Instead let us help him deliver what he can.”
Blair said global warming required enormous changes in the way the world did its business but that global cooperation brought wider benefits.
He praised Abu Dhabi for its decision earlier this week to set a 7% renewable energy target for 2020. That showed other oil-rich nations in the region what could be done and was an example of the kind of move away from pure self-interest that the world needed, argued Blair.
He set out the importance of a green new deal to revitalise economies, arguing it was vital to “invest now in these times of a low-carbon price for the times when that price rises again”.
Blair, who took no fee for his speech, gave an upbeat assessment of his own 10 years in office as UK prime minister, saying greenhouse gases had fallen while economy had continued to grow. “There are now more jobs in the new environmental industries than in coal, steel and shipping combined,” he argued.
He also encouraged the development of nuclear power as a way of lowering carbon emissions, although he acknowledged that it was “controversial”.
Observers would contest Blair’s assessment of his green record, pointing out that much of the carbon dioxide reductions resulted from the demise of the UK coal industry, for economic reasons.
Source - Theguardian
7% of power will come from solar panels sources by 2020
Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi, has decreed that 7% of power will come from solar panels sources by 2020.
The Middle East nation holds around 8% of the world’s oil reserves and derives the vast bulk of its national income from fossil fuels, but while other OPEC oil cartel members see renewables as a threat, it has taken a different view.
Sultan Al Jaber, chief executive of the state-owned future energy company Masdar, which will oversee the green drive, said at the World Future Energy Summit in Abu Dhabi that it was natural tomove into this new sector. By doing so Masdar would “provide a comprehensive solution to the world’s energy challenges and maintain Abu Dhabi’s position as a leading supplier of energy to the world.” The Gulf state, a part of the United Arab Emirates, also wants to differentiate itself from neighbour Dubai, and diversify its economy, believing a “green” infrastructure will help its image as a new tourist destination.
Abu Dhabi has already put itself forward as a possible location for the headquarters of a planned International Renewable Energy Agency being promoted by Germany. “Many [Opec members] see renewables as a threat but the crown prince sees them as an opportunity,” said a source close to the Abu Dhabi state. “He knows that the oil will eventually run out and he wants to ensure there is something left for future generations,” he added.
Prince Charles, who has close links to the Gulf royals, has been actively encouraging the green initiative behind the scenes, the source added, explaining that the Masdar executives had been invited to Buckingham Palace last year.
Prince Charles is already a patron of the Masdar City project which aims to build the world’s first carbon-neutral city in Abu Dhabi. He made an appearance by holographic video link at the first World Future Energy Summit held in the Gulf state last year. Prince Andrew has also become involved and was present at the meeting in the throne room at Buckingham Palace.
Masdar expects to mainly use solar energy to reach its 7% targets but is also looking at wind and even geothermal power, where heat from the ground is used as a power source. Masdar has already built links to Britain by investing with E.ON of Germany and DONG of Denmark in the London Array wind farm project of the coast of Kent which is tipped to be the biggest of its kind in the world.
The Abu Dhabi state stepped in when Shell pulled out of the £1bn project. The Anglo-Dutch oil group said it was concentrating its wind investment in the US, a move followed by BP. Masdar has $15bn worth of state-funding and has already started to build up its solar power business through a joint venture with Germany, a leader in the photovoltaics field. A new company, Masdar PV, will build manufacturing plants in both Germany and Abu Dhabi that will serve the growing demand for solar panels, which is beginning to compete on a cost basis with traditional energy sources, even without subsidies.
Dutch solar firm Econcern claimed today at the summit that prices of solar panels would half in the next five to six years. It claimed the global industry had already met the International Energy Agency’s target of 10GW of installed solar power by 2020.
Source - TheGuardian
The Middle East nation holds around 8% of the world’s oil reserves and derives the vast bulk of its national income from fossil fuels, but while other OPEC oil cartel members see renewables as a threat, it has taken a different view.
Sultan Al Jaber, chief executive of the state-owned future energy company Masdar, which will oversee the green drive, said at the World Future Energy Summit in Abu Dhabi that it was natural tomove into this new sector. By doing so Masdar would “provide a comprehensive solution to the world’s energy challenges and maintain Abu Dhabi’s position as a leading supplier of energy to the world.” The Gulf state, a part of the United Arab Emirates, also wants to differentiate itself from neighbour Dubai, and diversify its economy, believing a “green” infrastructure will help its image as a new tourist destination.
Abu Dhabi has already put itself forward as a possible location for the headquarters of a planned International Renewable Energy Agency being promoted by Germany. “Many [Opec members] see renewables as a threat but the crown prince sees them as an opportunity,” said a source close to the Abu Dhabi state. “He knows that the oil will eventually run out and he wants to ensure there is something left for future generations,” he added.
Prince Charles, who has close links to the Gulf royals, has been actively encouraging the green initiative behind the scenes, the source added, explaining that the Masdar executives had been invited to Buckingham Palace last year.
Prince Charles is already a patron of the Masdar City project which aims to build the world’s first carbon-neutral city in Abu Dhabi. He made an appearance by holographic video link at the first World Future Energy Summit held in the Gulf state last year. Prince Andrew has also become involved and was present at the meeting in the throne room at Buckingham Palace.
Masdar expects to mainly use solar energy to reach its 7% targets but is also looking at wind and even geothermal power, where heat from the ground is used as a power source. Masdar has already built links to Britain by investing with E.ON of Germany and DONG of Denmark in the London Array wind farm project of the coast of Kent which is tipped to be the biggest of its kind in the world.
The Abu Dhabi state stepped in when Shell pulled out of the £1bn project. The Anglo-Dutch oil group said it was concentrating its wind investment in the US, a move followed by BP. Masdar has $15bn worth of state-funding and has already started to build up its solar power business through a joint venture with Germany, a leader in the photovoltaics field. A new company, Masdar PV, will build manufacturing plants in both Germany and Abu Dhabi that will serve the growing demand for solar panels, which is beginning to compete on a cost basis with traditional energy sources, even without subsidies.
Dutch solar firm Econcern claimed today at the summit that prices of solar panels would half in the next five to six years. It claimed the global industry had already met the International Energy Agency’s target of 10GW of installed solar power by 2020.
Source - TheGuardian
Saturday, 31 May 2008
Abu Dhabi Heats Up The Global Solar Market Two Billion Dollar Investment In Photovoltaic Manufacturing
Masdar PV today announced a multi-billion dollar investment in thin-film photovoltaic solar technology, as part of its drive to become a world leader in alternative energy. The total investment of over US$2 billion represents one of the largest investments ever made in solar, and will fund a three-phased manufacturing and expansion strategy to produce the latest generation of thin-film photovoltaic (PV) modules.
Phase one involves an investment of US$600 million, which will fund the development of two manufacturing facilities -- the first, in Erfurt, Germany will be operational by Q3 2009, and a second facility in Abu Dhabi which will begin initial production by Q2 2010. The combined annual production capacity of these two sites will be 210 megawatts, which is committed to major PV system installers in Europe and for Masdar's own energy generation needs.
Masdar chose Germany as the site for its first plant because Germany is currently the center of the global PV industry. This German plant will act as a reference plant for technology and knowledge transfer to the larger Abu Dhabi plant by a joint German-Abu Dhabi team.
This approach represents a significant step in Masdar's objective to transform Abu Dhabi into an developer and exporter of technology, rather than an importer. With a goal of reaching 1 gigawatt of annual production by 2014 through capacity expansions and other new plants, this multi-country operation will allow Masdar PV to become a global leader in thin-film PV.
Dr. Sultan Al Jaber, CEO of Masdar, said, "Thin-film PV is a key part of our build-deploy-develop strategy to actively build a strong position in alternative energy. Abu Dhabi is a global energy leader, so it makes sense to engage these new energy technologies and become a leader in alternatives," al Jaber explained.
"This marks a major milestone for Masdar and Abu Dhabi. It will not only establish Masdar as a major global PV player, but will be the first high-tech semiconductor nano-manufacturing facility of its kind in the entire region," he added.
According to Deutsche Bank the current global PV market is worth US$15 billion and growing rapidly at 40% per year. Thin film PV is growing even faster, with an annual growth rate of 100.
The plants will use the latest generation of equipment capable of high-volume processing of ultra-large glass substrates, which, at 5.7 m2, are eight times larger and five times more powerful than that of the current market leader.
High-volume manufacturing of thin film PV, which requires less than 1% of expensive semiconductor material compared to traditional PV, is key to rapidly driving down the cost of PV and making it fully-competitive with fossil fuels.
The technology for grid-parity solar power exists in most sunny markets today. It's a matter of achieving the right scale to achieve lower costs. Masdar PV will combine scale plus a proven PV technology, advanced manufacturing capability, and advanced R and D to deliver lower costs
PV industry experts applauded the move. "This potentially represents a paradigm shift in solar, a real game-changer," commented Dr. Winfried Hoffmann, President of the European Photovoltaic Industry Association, the largest organization representing the PV industry.
"The entry of such powerful energy leaders into solar is very exciting, and could change the dynamics of the entire industry" by not only adding capacity but also new future big markets in and around the Middle East with a lot of sun and capital to deploy PV systems, he added.
In addition to low-cost manufacturing, thin film PV offers requires only one year to pay back the carbon cost of producing these panels, and maintenance costs are minimal. It is ideally suited for hot sunny climates, as well as for building-integrated solutions, known as BIPV.
Source - Solar Daily
Phase one involves an investment of US$600 million, which will fund the development of two manufacturing facilities -- the first, in Erfurt, Germany will be operational by Q3 2009, and a second facility in Abu Dhabi which will begin initial production by Q2 2010. The combined annual production capacity of these two sites will be 210 megawatts, which is committed to major PV system installers in Europe and for Masdar's own energy generation needs.
Masdar chose Germany as the site for its first plant because Germany is currently the center of the global PV industry. This German plant will act as a reference plant for technology and knowledge transfer to the larger Abu Dhabi plant by a joint German-Abu Dhabi team.
This approach represents a significant step in Masdar's objective to transform Abu Dhabi into an developer and exporter of technology, rather than an importer. With a goal of reaching 1 gigawatt of annual production by 2014 through capacity expansions and other new plants, this multi-country operation will allow Masdar PV to become a global leader in thin-film PV.
Dr. Sultan Al Jaber, CEO of Masdar, said, "Thin-film PV is a key part of our build-deploy-develop strategy to actively build a strong position in alternative energy. Abu Dhabi is a global energy leader, so it makes sense to engage these new energy technologies and become a leader in alternatives," al Jaber explained.
"This marks a major milestone for Masdar and Abu Dhabi. It will not only establish Masdar as a major global PV player, but will be the first high-tech semiconductor nano-manufacturing facility of its kind in the entire region," he added.
According to Deutsche Bank the current global PV market is worth US$15 billion and growing rapidly at 40% per year. Thin film PV is growing even faster, with an annual growth rate of 100.
The plants will use the latest generation of equipment capable of high-volume processing of ultra-large glass substrates, which, at 5.7 m2, are eight times larger and five times more powerful than that of the current market leader.
High-volume manufacturing of thin film PV, which requires less than 1% of expensive semiconductor material compared to traditional PV, is key to rapidly driving down the cost of PV and making it fully-competitive with fossil fuels.
The technology for grid-parity solar power exists in most sunny markets today. It's a matter of achieving the right scale to achieve lower costs. Masdar PV will combine scale plus a proven PV technology, advanced manufacturing capability, and advanced R and D to deliver lower costs
PV industry experts applauded the move. "This potentially represents a paradigm shift in solar, a real game-changer," commented Dr. Winfried Hoffmann, President of the European Photovoltaic Industry Association, the largest organization representing the PV industry.
"The entry of such powerful energy leaders into solar is very exciting, and could change the dynamics of the entire industry" by not only adding capacity but also new future big markets in and around the Middle East with a lot of sun and capital to deploy PV systems, he added.
In addition to low-cost manufacturing, thin film PV offers requires only one year to pay back the carbon cost of producing these panels, and maintenance costs are minimal. It is ideally suited for hot sunny climates, as well as for building-integrated solutions, known as BIPV.
Source - Solar Daily
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