CEBC News
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Roundup by the CEO
Dear Members and Colleagues,
This month has seen more 'world-firsts' for the MENA region following the launch of the world's largest concentrated solar power plant to be built in Dubai. The Dubai Electricity and Water Authority announced it had selected ACWA Power and Shanghai Power to build a 700 MW extension to the Mohammed bin Rashid Al Maktoum Solar Complex. The new plant will deliver energy at 7.3 US cents per kWh and will have the world's tallest solar tower measuring 260 metres.
A consortium led by Masdar and EDF submitted the world's lowest-ever bid at 1.79 US cents per KWh, for Saudi Arabia's first commercial scale solar PV plant - the Sakaka solar power project totalling 300 MW.
Bahrain presented its new National Renewable Energy Action Plan which is expected to bring 255 MW of PV capacity by 2025 and 700 MW of renewable energy power generation capacity by 2030, to be implemented through net metering, tender based FIT scheme and a renewable energy mandate for new buildings.
In Iran, a deal was signed to construct a 600 MW solar farm in Tehran which is expected to be completed by 2021.
Oman continues to boost its renewable energy development with the announcement that solar power systems will be installed on the rooftops of 22 schools run by the Ministry of Education.
On the Energy Efficiency side, Etihad ESCO in Dubai announced it has awarded a retrofit project for 243 buildings of Wasl Properties. This project will increase energy efficiency of the buildings achieving annual savings of over AED15million for an investment of AED69million. It was awarded to Smart Automation Energy which specialises in retrofitting buildings.
Stephane le Gentil
CEO
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H.E. Dr. Nasser Saidi at Aspenia Talks, Rome, 27 September 2017
CEBC Chairman, H.E. Dr. Nasser Saidi took part in the Aspenia Talks in Rome to discuss the role of Africa in the New Energy Century. Dr. Saidi was joined by Martin Catchpole, Managing Director,
Credit Suisse, Giulio Tremonti, former
Italian Minister of Economy & Finance, Mario Giro,
Italian Deputy Minister for Foreign Affairs, Abderrahim El Hafidi,
Moroccan Ministry of Energy, Mines, Water & Environment and Francesco Starace, CEO of
Enel Group.
[View photo gallery]
[Watch video of the Panel]
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CEBC Clean Energy Finance Workshop on 18 September 2017
Our Clean Energy Finance Workshop held this month was a great success, with more than 120 attendees, and CEBC thanks all speakers for sharing their expertise and knowledge with guests. The event provided a fantastic opportunity to learn about financing options for capital and investment, and to network with industry representatives.
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CEBC contribution to EnviroCities eMagazine - Sustainable Investment for Greener Future
Stephane le Gentil, our CEO, shared his insights on Sustainable Investment for a Greener Future, published in EnviroCities eMagazine, by the Environmental Center for Arab Towns (ECAT). ECAT is a scientific research institute which deals with environmental issues concerning Arab city's natural resources and sustainable development.
[Read Article]
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Sheikh Mohammed bin Rashid announces winning contract for world's largest solar project
Sheikh Mohammed bin Rashid has hailed the launch of the world's largest Concentrated Solar Plant. He recently announced that the contract for the 700MW extension has been awarded jointly to China's Shanghai Power and Saudi Arabia's Acwa Power.
[Read More]
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Dubai announces new electric vehicle incentives
Dubai will spend millions on incentives to encourage 42,000 electric vehicles on to the emirate's streets by 2030.
DEWA and the RTA have announced four incentives to help increase the number of plug-in cars
, from free parking and charging to toll-fee exemption and discounts on registration.
[Read More]
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The Solar Dispatchability Challenge Webinar
Continuing in CEBC's series of webinars, our Solar Dispatchability Challenge Webinar held on 5 September attracted 500 participants interested to learn more about solar storage and dispatchability. If you missed the webinar, you can download the video and presentations from our website.
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Welcome to our new members - Imdaad and Precision Industries
Imdaad, a well known facilities management (FM) company, and Precision Industries, a market leader in power solutions, have recently joined the CEBC.
Established in 2007, Imdaad is an Investment Corporation of Dubai company with a strong presence in the GCC, and aims to affirm its position as a high performing FM organisation supporting Dubai's mission to become a smart and sustainable city.
[Visit website]
Precision Industries, located in Al Quoz, Dubai, is a market leader in supplying, installing and commissioning power solutions at competitive prices and using quality products. Precision Industries caters to various industries in both the private and public sectors.
[Visit website]
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CEBC Pavilion at World Future Energy Summit
The World Future Energy Summit (WFES) is one of the most influential annual events in the world dedicated to advancing future energy, energy efficiency and clean technology. WFES brings together over 30,000 visitors from over 175 countries and over 1,500 conference delegates.
As part of the Energy Efficiency Expo, CEBC will be hosting its own pavilion, allowing our members to attract
government leaders, policy makers, entrepreneurs and thought leaders in the industry. It is the perfect opportunity to network and grow your business with the support of CEBC.
Exclusive to our members, CEBC offers two discounted options for member organisations that sign up to exhibit through our pavilion.
View details, pricing, and location of the CEBC Pavilion.
[Download Brochure]
Please contact Belinda Birchall, CEBC Marketing Manager, on [email protected] if you would like to explore this fantastic opportunity.
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Dubai Solar Show Seminar Week
Date: 23 - 25 October 2017
Time: M:
12:00-17:30, T: 10:30-17:00, W: 10:30-16:30
Location: Sheikh Zayed Saeed Hall 1, Dubai International Convention and Exhibition Centre
Clean Energy Business Council
is delighted to support Dubai Electricity & Water Authority to present the Dubai Solar Show Seminar Week in partnership with EU-GCC Clean Energy Network,
EWS-WWF
,
UNF-CCC
and
The Sustainable City.
Leading global industry experts will share their expertise, knowledge and insights, and through DEWA's generous support and commitment to education, information and knowledge sharing, t
hese seminars are free to attend.
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CEBC Member Updates
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World's cheapest prices submitted for Saudi Arabia's first solar project
A consortium led by Masdar submitted the world's lowest-ever bid for the first solar power project in Saudi Arabia, as Opec's top crude producer diversifies its economy away from hydrocarbons.
Masdar and its French partner EDF submitted the lowest offer for the project, 1.79 US cents per kilowatt hour (kWh).
If successful, Masdar's bid will break the 2-cent global threshold for the kingdom's first commercial scale solar PV plant totaling 300MW.
[Read More]
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International Finance Corporation steps in where foreign investors fear to tread
The
International Finance Corporation (IFC), a member of the World Bank
and the CEBC, has invested $6 billion in the MENA region.
The
IFC, the largest global development institution focused on the private sector in developing countries, has invested billions through private equity firms and venture capitalists in 400 firms. It plays an all-round role in financing and advising, and its role is gaining importance as foreign investors become risk averse.
[Read More]
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Enerwhere powers DIFC construction site with largest lithium-ion battery in the Middle East
Enerwhere recently completed the installation of a solar hybrid generator system
in the Dubai International Finance Centre. A first in the Middle East, the power system uses a
combination of solar PV panels, batteries and generators running on biodiesel produced by Dubai-based Neutral
Fuels. [Read More]
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Imdaad report forecasts US$6.63bn in revenues for FM in 2022
Imdaad, a Dubai-based integrated facilities management solutions provider, today revealed the findings of a market study that it commissioned to examine the UAE's FM market, and forecast future trends within the industry.
The report was compiled by a US-based business consulting firm involved in market research and growth strategy consulting and launched during the 11th edition of FM EXPO. [Read More]
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Etihad ESCO retrofits 243 buildings for Wasl Properties, saving AED 15 million annually
Etihad ESC
O has started a project to retrofit 243 buildings for Wasl Properties in different parts of Dubai. The project will increase
energy
efficiency of th
e building, achieving annual savings of over AED15 million as a result of upgrading the air conditioning and lighting systems. [Read More]
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Dubai's DEWA installing solar panels on 640 villas in Hatta
DEWA has begun installing solar panels on the roofs of 640 villas belonging to UAE nationals in Hatta. The installation of the panels is being done free of charge and is expected to be completed by February 2018. The project aims to transform Hatta residents to green consumers and producers of clean energy.
[Read More]
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Clean Energy Is Approaching a Tipping Point
Bloomberg New Energy Finance founder Michael Liebreich has estimated that
clean energy will reap 86 per cent of the $10.2 trillion likely to be invested in power generation by 2040. In a recent conference presentation, Liebreich said technology that is slashing the cost of wind and solar farms makes it inevitable that clean energy will become more economical than fossil fuels for utilities in many places.
[Read More]
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Dubai adds 50 Tesla electric vehicles to taxi fleet
Dubai has added 50 Tesla electric vehicles to the limo fleet of the Dubai Taxi Corporation.
Dubai's Roads and Transport Authority recently took delivery of the cars as part of a deal for 200 Tesla vehicles signed in February at the World Government Summit.
The vehicles contracted by the RTA are of two models, the (S) Sedan model and (X) SUV model produced by Tesla. [Read More]
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District cooling 'key to energy storage in future'
George Berbari, CEO of UAE-based DC Pro Engineering, has stated that district cooling and tri-generation will play an increasingly vital role in the storing and integration of renewable energy sources. Interest in district cooling is increasing in Asia and the Middle East, especially in the Gulf where its use has grown exponentially since the 1990s.
[Read More]
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Legislation is driving the GCC's rooftop solar sector
Interest in rooftop solar tech is at an all-time high, with residential customers, SMEs and large organisations alike having invested in the sector.
Regional regulations appear to be keeping
pace
with uptake, with the
Saudi Arabian Electricity and Cogeneration Regulatory Authority preparing regulations which will set out the
framework to connect small-scale solar PV systems to the nation's distribution system.
[Read More]
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Reports, Publications & Tools
Key World Energy Statistics 2017 - International Energy Agency (IEA)
2017 marks the 20th edition of the Key World Energy Statistics (KWES) - the annual booklet of the IEA's most used statistics. The KWES contains timely, clearly presented data on the supply, transformation and consumption of all major energy sources for the main regions of the world, providing key statistics on more than 150 countries and regions including energy indicators, energy balances, prices, RDD and CO2 emissions as well as energy forecasts.
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Global Trends in Renewable Energy Investment 2017
As clean technology costs continue to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23% lower than 2015. Global Trends in Renewable Energy Investment 2017 finds that wind, solar and other renewables added 138.5GW to global power capacity in 2016, up 9% from 2015. The added capacity roughly equals that of the world's 16 largest existing power producing facilities combined.
[Download Report]
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The Future of Energy EMEA Summit 2017 keynotes
The Future of Energy Summit 2017 held in London last month attracted
500 leaders in the energy industry. This event included keynote presentations from Terje Søviknes, Norwegian Minister of Petroleum and Energy, and Michael Liebreich, Founder and Chairman of the Advisory Board, Bloomberg New Energy Finance. Keynotes and video recordings of various summit presentations can be found on the event website. [Visit website]
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MENA Clean Energy News
BMI Research upgrades UAE's solar outlook following Dubai's CSP tender
Guide to smart cities in the Arabian Gulf: Why this is a region to watch
With urbanisation well above the global average, a young tech-savvy population and a raft of major infrastructure projects, the Gulf region is helping to pioneer the smart city model.
[Read More]
Energy efficiency and resource management must be priorities for governments and oil companies
A high-level priority shift needs to occur within the MENA region to progress the agenda on energy efficiency and resource management. [Read More]
Investors Increasingly Looking To Climate-Related Investments But Want Greater Transparency
A number of investors want to increase their climate-related investments, but are frustrated with a lack of transparency and climate-related disclosure from companies.
[Read More]
The International Finance Corporation committed investments worth $1.7 billion (Dh6.24 billion) in the MENA region in the year ended June 30, 2017.
[Read More]
Bahrain's National Renewable Energy Action Plan
Bahrain has presented its new National Renewable Energy Action Plan, expected to bring 255MW of PV capacity by 2025 and 700MW of renewable energy power generation capacity by 2030. [Read More]
Bahrain to develop 100MW solar power plant
Bahrain is planning to build a 100MW solar power plant in-conjunction with the private sector, ready for operation by the end of 2018. [Read More]
EETC flares investments after turning energy shortage crisis into opportunities
The Egyptian
Ministry of Electricity is aiming to attract investments worth EGP$82.5bn during the fiscal year 2017/18, to increase capacity and improve the quality of electricity supplied.
[Read More]
Iran unveils reserve solar energy reactor in Qazvin
Iran has unveiled an Iranian-made reserve solar energy reactor, which aims to reserve and generate solar energy for domestic use. [Read More]
Iran 'Goes Green' With UK-Backed €500 Solar Project
The renewable energy investment company Quercus Investment Partners signed a deal worth more than £440 million ($594 million) to build and operate a 600 megawatt (MW) solar farm in Iran.
[Read More]
EBRD to provide $65m loan to Al-Safawi solar plant in Jordan
The European Bank for Reconstruction and Development will provide a loan of US$65m to Al-Safawi for Green Energy PSC to set up a 51MW solar power plant in Jordan. [Read More]
Power Cuts In Lebanon Could Become A Thing Of The Past Thanks To This Invention
Antoine Saab has developed an energy storage system that collects and reserves electricity from solar panels or the grid, so Lebanese residents won't have to use a generator. [Read More]
Mazda joins the all-electric vehicle revolution
Mazda Motors plans to make all of its vehicles electric-based, including petrol hybrids, by the early 2030s. [Read More]
Engie Develop Sainshand Wind Farm
French utility Engie are developing the Sainshand 55MW wind farm in the Gobi Desert, set to generate enough energy to serve the needs of 130,000 Mongolians. [Read More]
Oman installing solar rooftops on ministry schools
Oman is installing solar power systems on the rooftops of 22 schools run by its Ministry of Education in a move to boost renewable energy development. [Read More]
Turkey strives to be energy-independent
Growing energy demand, along with deepening foreign energy dependency, has forced Turkey to search for ways to ensure energy independence.
[Read More]
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Industry Events and Conferences
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6th Annual Emirates GCB Congress
17 - 18 October
Dubai, UAE
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Kingdom Renewable Energy Summit
18 - 19 October
Riyadh, Saudi Arabia
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Dubai Solar Show
23 - 25 October
Dubai, UAE
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Solar World Congress
29 October - 2 November
Abu Dhabi, UAE
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META Projects
1 - 2 November
Dubai, UAE
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RetrofitTech KSA
6 - 7 November
Riyadh, KSA
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Dii Desert Energy Forum
13 - 14 November
Grosvenor House Hotel
Dubai, UAE
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Utility Scale Solar
14 - 15 November
Beirut, Lebanon
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Big 5 Solar Show
26 - 29 November
Dubai World Trade Centre
Dubai, UAE
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Aspen Energy Forum
29 November - 2 December
Rome, Italy
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Solar Tec Egypt
2 - 3 December
Cairo, Egypt
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Saudi Arabia Smart Grid
12 - 14 December
Jeddah, Saudi Arabia
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