GCC booming market for solar power
05 Sep 2013

Dubai: The six GCC (Gulf Cooperation Council) countries have sanctioned $155 billion (Dh596 billion) worth of solar power projects that will generate 84 gigawatts when completed in 2017, according to the region’s first dedicated solar technology exhibition Gulf Sol 2013.

 

Derek Burston, Director of UK-based Bowmedia, organisers of Gulf Sol 2013, said in a statement the GCC countries had demonstrated their keenness to shift towards low-cost solar energy.

 

A reduction in costs of solar technologies coupled with rising electricity demand could make the region a hub for solar expansion, he added.
Marc Norman, Director of Emirates Solar Industries Association, said the high cost of petrol was making the switch to solar energy increasingly attractive.

 

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