The third day of the World Future Energy Summit (WFES) has seen a number of developments for the solar energy space including the International Solar Alliance (ISA) signing letters of intent for US$5bn worth of financing and the initiation of eight new projects across five countries
ISA announced the signing of its first financing commitment with YES Bank, India?s one of the largest private sector banks and leader in renewable energy financing. It also announced the signing of nine solar projects across five ISA member countries including the UAE, Saudi Arabia, Nigeria, India and Spain.
The eight companies involved in the deals include, Vyonarc Development Ltd, Waree Engineers, Gensol Group, SOLARIG, Shakti Pump, Refex Energy, Amplus Solar and Zodiac Energy.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai visited the summit, which is being held under the theme, ?Driving the Global Energy Transformation.? He took part in a tour of the exhibition halls, where exhibitors were displaying technologies for digitalisation and transformation in the global energy mix.
During an insight session at the International Water Summit, Masdar announced the outcomes from its renewable energy desalination pilot programme. Masdar commissioned five pilot projects during the programme to explore the feasibility of using renewable energy to power seawater desalination and test novel, energy-efficient desalination technologies.
The findings of the report revealed that solar energy-driven seawater desalination using reverse osmosis technologies offers a commercially attractive, low-cost and sustainable long-term solution for seawater desalination in the Gulf region.
The UAE Research Programme for Rain Enhancement Science held its annual awards at the International Water Summit to celebrate the promising research projects of its third cycle. The programme aimed at tackling the challenge of global water stress by encouraging innovative solutions needed to aid people at risk around the world.
Innovate@IWS concluded after three days of presentations at the International Water Summit. The competition seeks to discover the most promising smart water technologies, connecting participants with potential clients and investors creating access to opportunity, capital and growth.
A panel discussing artificial intelligence (AI) and its applications in predicting the future performance of renewable energy systems gathered global experts to highlight the latest technologies being applied at the summit as well.
In the third day of the summit, Dr Ahmad Belhoul Al Falasi, the UAE minister of state for higher education and advanced skills, highlighted the importance of partnerships between academia and the private sector for the development of future energy. In addition, the EcoWASTE Exhibition inaugurated the waste management solutions forum, an event that gathered solutions providers and municipalities to discuss sustainable waste management strategies.
