Yingli Green Energy is considering a bid for involvement on a 100 MW solar park project in Dubai as the Chinese PV company looks to extend its presence in the burgeoning Middle East region.
Yingli, which supplies approximately 9% of all global solar panels, hopes to bid on the independent power plant in anticipation of Dubais $100 million push to install solar PV capacity in time to meet its 2020 renewable energy targets.
"We recognize the move towards solar power in the region and we want to be part of it," said Yingli Green Energy southern Europe managing director, Dimitrios Bachadakis. "There is a huge move towards solar energy in Saudi Arabia, Oman and the UAE to name just a few. The conditions there are perfect and, as we have shown worldwide, solar PV is now becoming an energy source that can be easily harnessed and managed without the complications of previous years."
According to local analysts Meed Insight and the Middle East Solar Industry Association, the Middle East and North Africa (MENA) region could invest more than $50 billion in solar infrastructure by 2020 if current projections are maintained.
For Dubai, interest is already rising sharply. A tender for a 13 MW solar park attracted 150 bids from companies vying for the business. This latest 100 MW tender issued by the Dubai Electricity and Water Authority (Dewa) is part of the 1 GW Mohammad bin Rashid Al Maktoum Solar Park project, and has already generated keen interest, not least from Yingli, the worlds largest solar company, which has recently opened offices in both Abu Dhabi and Dubai in preparation for its dealings in the UAE and beyond.