Dubai’s DEWA procures the world’s cheapest solar energy ever: Riyadh, start your photocopiers

Dubai’s DEWA procures the world’s cheapest solar energy ever: Riyadh, start your photocopiers

On November 20, 2014, ten bids for the 100 MW PV IPP tender issued by Dubai’s state utility DEWA were opened. The results provoked awe throughout the Gulf region’s power community and will set the standards for future tenders. Saudi Arabia’s Acwa Power bid an unprecedented 5.98 cents/kWh, with a consortium of Spain’s Fotowatio Renewables and Saudi Arabia’s ALJ Energy coming a close second with 6.13 cents/kWh. The low tariffs, bid in a fully commercial, unsubsidized setting, disprove persisting misconceptions in the region about the allegedly high cost of PV and should provide a boost to other governmental procurement programs in the Gulf, in particular, in Saudi Arabia. Apricum Partner Dr. Moritz Borgmann analyzes the results and gives his view on the keys to success behind the stunning results and the wider implications for the region.

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Interview with Eng. Adil Alomair - Solar Energy Manager at AEC

Interview with  Eng. Adil Alomair - Solar Energy Manager at AEC

As solar energy manager, Eng. Adil Alomair has managed to establish the solar energy sector as a new,  growing and strategically diversified business division at AEC, the Advanced Electronics Company. In this position, Alomair has been in charge of studying and assessing many new business opportunities within the solar energy value chain, including manufacturing, M&A, investment & partnerships opportunities. 

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Saudi Arabia looks to offset diesel with off-grid and hybrid solar solutions

Saudi Arabia looks to offset diesel with off-grid and hybrid solar solutions

Riyadh – 26 August 2014, Off-grid solar photovoltaic applications and hybrid solutions have already demonstrated their technical and economic feasibility in many parts of the world. These applications are even more relevant in Saudi Arabia because of the Kingdom’s superlative solar radiation, industrial penetration into remote areas, and the staggering volume of diesel imports.

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Saudi Arabia offers one of world’s lowest solar energy costs

Saudi Arabia offers one of world’s lowest solar energy costs

 Solar power costs have fallen dramatically over the last five years, thanks to lower module prices, lower balance of system costs, and increased competition at the development and EPC level. Financing costs have also decreased as investors recognize the low-risk profile of solar assets. As a result, solar power is now cheaper than most alternative power sources. 

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MENA countries to spend USD 9.8 billion over next decade to modernize electric grids, incorporate new solar generation capacity valued USD 27.9 billion

MENA countries to spend USD 9.8 billion over next decade to modernize electric grids, incorporate new solar generation capacity valued USD 27.9 billion

SOLARSERVER - Middle East and North African (MENA) countries will spend billions of dollars over the next decade to modernize their electric grids and add solar generation resources, infrastructure market intelligence firm Northeast Group LLC (Washington) reports.

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Middle East and Africa Solar PV Demand to Grow by 50 Percent in 2014, According to NPD Solarbuzz

Middle East and Africa Solar PV  Demand to Grow by 50 Percent in 2014,  According to NPD Solarbuzz

Saudi Arabia to become leading PV country in 2016, driving the MEA market to 4.4 GW by 2018 

Santa Clara, Calif., April 24, 2014— Solar photovoltaic (PV) demand from the Middle East and Africa (MEA) region is set to grow 50 percent year-over-year in 2014. Between 2014 and 2018, annual PV demand will nearly triple as the MEA region becomes a key market for the global industry, according to findings in the latest NPD Solarbuzz Emerging PV Markets Report: Middle East and Africa. By 2018, annual PV demand in the MEA region is expected to reach 4.4 GW, with an upside potential of 
10 GW. 

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[FREE REPORT] Saudi Arabia to become gigawatt scale solar and wind market, partnership with local player advised

[FREE REPORT] Saudi Arabia to become gigawatt scale solar and  wind market, partnership with local player advised

Saudi Arabia is dedicated to becoming the largest renewable energy (RE) market within the MENA region, amounting to 41 GW of installed solar capacity and 9 GW of installed wind capacity by 2032 according to the plans of governmental policy maker K.A.CARE. Solar and wind companies are advised to enter the Saudi Arabian market now, as K.A.CARE’s renewable energy procurement program is expected to start soon with an introductory tendering round consisting of 500–800 MW of solar and wind power generation capacity.

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The Domestic Challenges in The Saudi Energy Market and Their Regional and Geopolitical Implications

The Domestic Challenges in The Saudi Energy Market and Their Regional and Geopolitical Implications

Skyrocketing domestic consumption is cutting into Saudi Arabia’s energy export trade, warns Eckart Woetz. In response, the Kingdom needs to rethink how it subsidizes the costs of oil and gas at home, even if it aggravates the tense politics that exist within and outside its borders.
By Eckart Woertz for Norwegian Peacebuilding Resource Centre (NOREF)

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