The MENA region has long been the center of great expectations for the PV industry. From Monday to Thursday this past week much of the global solar industry descended on Abu Dhabi for the 8th World Future Energy Summit. The big names in solar were in attendance and many remain bullish regarding prospects for the market. Here are five key themes running through discussions.
When Saudi developer ACWA won Dubai’s 200 MW reverse auction for a PV power plant with a bid of only US$5.84c/kWh over 25 years, the low price stunned the PV industry. The founder of Bloomberg New Energy Finance, Michael Liebreich, believes that it will also send a strong signal to the MENA region of just how cheap renewable energy can be delivered. Liebreich describes it as “the starting gun for something pretty substantial.” He spoke to pv magazine at the World Future Energy Summit this week in Abu Dhabi.
On the same day that former U.S. Vice President Al Gore expressed optimism that an agreement on greenhouse gas emissions would be reached in Paris later this year, Jake Werksman, the European Union’s lead negotiator in these negotiations, shared Gores optimism that Paris would prove successful after the failure of the last round of negotiations in Copenhagen to reach a consensus.
Saudi Arabia has postponed the roll-out of its renewable energy plans by eight years, now setting its its capacity target to 2040, according to reports citing Hashim Yamani, president of the King Abdullah City for Atomic and Renewable Energy (K.A.CARE).
Former U.S. Vice President Al Gore believes a global C02 emissions agreement is likely to be achieved at Paris, as a part of the UNFCC negotiations to take place in Paris later this year. Gore made his remarks while picking up the Zayed Future Energy Prize Lifetime Achievement award at the World Future Energy Summit (WFES) currently underway in Abu Dhabi.
U.S. thin film manufacturer and project developer First Solar has launched its free Energy Capacity Assessment Tool, which allows potential power plant developers or investors to plot out a PV power plant online to assess its feasibility. First Solars online tool calculates the potential electricity output and revenue of a power plant, using data pertaining to local irradiation and conditions, along with the companys CdTe modules and power plant design parameters.
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