Masdar, Abu Dhabi?s renewable and alternative energy technologies and solutions initiative, has appointed the bidding consortium of Total and Abengoa Solar as a partner to own, build and operate Shams 1, the world?s largest concentrated solar power plant (CSP). One of Masdar?s flagship projects and the first plant of its kind in the Middle East, Shams 1 will directly contribute towards Abu Dhabi?s target of achieving 7 per cent renewable energy power generation capacity by the year 2020.
Oman has awarded France's GDF Suez a US$1.7 billion contract to build two power plants. A tender board official told Reuters, ?GDF Suez has signed a 15-year contract with the government in a BOOT (build, own, operate and transfer) model for which the company will spend 700 million rials."
An executive from state oil company Saudi Aramco has said that renewable sources could account for up to 10 per cent of Saudi Arabia's power output by 2020 with prices coming down and a regulatory framework in place.
THE MIDDLE EAST diesel genset market has reached the maturity stage, and will continue to project stable growth rates in the future. Currently, the market is highly concentrated in industrialized countries including Saudi Arabia and the UAE.
COMMERCIAL AND RESIDENTIAL property owners and tenants in Sharjah who have failed to take energy saving measures will have seen their electricity bills double by millions of dirhams in just two years, according to a recent survey.