Abu Dhabi: Japanese companies gateway to energy-efficiency market
WAM Abu Dhabi , 8 May 2013 (WAM)-- As nations across the region embrace sustainable energy, show organisers of World Future Energy Summit (WFES) in Abu Dhabi, during a recent visit to Tokyo Japan, outlined the significant business opportunities that the Middle East region, and the UAE in particular, offer to Japanese renewable and energy-efficient technology providers.
Presenting to the Ministry of Economy, Trade and Industry and Japanese corporations, the delegation addressed the Middle East's rising energy needs, adoption of energy efficient-solutions and the scope of renewable energy as an increasingly popular means to power the region.
Naji El Haddad, WFES Show Director at Reed Exhibitions, alluded to the GCC needs for additional 100GW of installed energy capacity by 2020, the high carbon footprints per capita and export commitments that will hamper demand being met by conventional sources of oil and gas. "...As governments of the region continue to invest in the development of renewables, it poses a 100bn dollar accumulated business opportunity for global suppliers of renewable energy technologies. Solar power alone will account for more than 90% of the planned 20-25GW renewable power projects to be installed in the GCC by 2020." Positioning UAE as the region's most investment-conducive destinations in the region, El Haddad explained, "Driven by strong government-level policy commitments to sustainability goals, the UAE and its capital, Abu Dhabi, offers a favourable business environment for foreign companies. The UAE also enjoys a strategic location among markets in Middle East North Africa and Asia. This means considerable opportunities for foreign technology providers based in the UAE to forge partnerships with other Middle East buyers who are seeking energy-efficient technologies and renewable-power products and services".
Abu Dhabi has committed to producing 7 percent of its energy through renewable sources by 2020, while Dubai has committed to producing approximately 5 percent of its energy through solar power by 2030.
El Haddad continued, "As one of the world's leading producers of oil and gas, Abu Dhabi is investing heavily in renewable and sustainable energy knowledge, technology and capacity. A prime example of Abu Dhabi's unrelenting commitment to this subject is the creation of Masdar City, an emerging global clean-technology cluster and special economic zone in Abu Dhabi. Marking another major milestone in the country's efforts toward diversification is Shams 1, the world's largest 100-megawatt concentrating solar power plant (CSP), recently launched by Masdar in Abu Dhabi".
El Haddad briefed the gathering on the upcoming World Future Energy Summit, the world's foremost event for the sustainability sector, which is to be hosted by Masdar from 20-22 January 2014 and is the centerpiece of Abu Dhabi Sustainability Week (ADSW). The event will run concurrently with the second International Water Summit, also hosted by Masdar.