The United Arab Emirates’ (UAE) energy minister has presented the country’s new energy strategy at the World Future Energy Summit (WFES). Dubai appears to be the most active of the seven emirates comprising the country.
Speaking yesterday at an Abu Dhabi’s Sustainability Week (ADSW) event, Saudi Arabia’s energy, industry and mineral resources minister Khalid Al-Falih announced a new grand energy plan for the country.
Construction of the mega 800 MW phase 3 of the Mohammed bin Rashid Maktoum Solar Park is set to commence at the end of the month, after a consortium led by GranSolar was chosen as the EPC contractor on the project, which, once completed, will be the largest solar plant on a single plot.
The Saudi Arabian power group and the Jordanian government have agreed to build the project in the eastern province of Risha by the first quarter of 2019.
The German battery manufacturer was chosen by the prize as the winner in the small & medium enterprise category. Sonnen CEO Christop Ostermann received the US$1.5 million award at the opening ceremony of the World Future Energy Summit in Abu Dhabi.
The dramatically falling costs of solar energy from the supply chain to the final product could see the average global price of solar power become cheaper than coal within the next 10 years, according to Bloomberg New Energy Finance, which is a position echoed by other experts.
The record-breaking second phase of the Mohammed bin Rashid Al Maktoum Solar Park is now over 80% complete, with progress going well for the April 2017 completion target, as the park continues to grow with an eventual goal of being 5 GW in size.
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