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The Days Of Cheap Solar Are Fading Fast

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The cost of going green…

UAE Calls for Comprehensive Regional Energy Strategy

United Arab Emirates Assistant Foreign Minister Ahmad al-Jabir, special envoy for energy affairs and climate change, and chief executive officer of Abu Dhabi Future Energy Company (Masdar), has urged oil-exporting nations "to formulate a comprehensive energy strategy focusing on conventional, nuclear, and renewable energy."

In an extraordinary appeal to fellow OPEC members al-Jabir emphasized Abu Dhabi's commitment for renewable energy sources to become an “essential” element in Abu Dhabi's increasingly varied sources of energy, embodied in the strategic Plan Abu Dhabi 2030, noting that solar power will soon supply around 7 percent of Abu Dhabi's energy needs and that nuclear power will supply around 25 percent of its needs by 2020, Al-Hayah reported.

Al-Jabir said: "Solar power is considered one of the most important renewable energy sources in the UAE, and Masdar was established as part of a multi-faceted initiative to develop, disseminate, and market renewable energy solutions and clean technologies.

Masdar is unique in its integrated methodology that includes all aspects of the value chain in the sector and its various stages. This is achieved through five work units: the Masdar Institute for Science and Technology spans education, research, and development in the renewable energy sector and sustainability; Masdar Capital is engaged in investment in clean technologies; Masdar Power develops renewable power stations both within the UAE and abroad; Masdar Carbon contributes to lowering carbon emissions and addressing the implications of climate change, and Masdar City offers an integrated platform for research, development, testing, and implementation. In the long term, Masdar will contribute to Abu Dhabi's transformation from a technology importer to a supplier of technology."

By. Joao Peixe, Deputy Editor OilPrice.com



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