ABU DHABI-- Experts in the energy sector have confirmed that production costs'
similarity between solar energy in the United Arab Emirates and its
conventional counterparts that rely on fossil fuels, pave the way for opening new
horizons of business opportunities within the public and private sectors alike.
According to the REmap 2030 report
issued by the International Renewable Energy Agency, IRENA, in cooperation with
Masdar Institute and Energy and Climate Change Directorate at the Ministry of
Foreign Affairs, the prices of photovoltaic, or PV, panels units producing
electricity from solar energy have reduced by nearly 75 percent since 2008.
The report indicated that solar energy
with other renewable energy sources could save billions of Dirhams annually to
the UAE regardless of its other endless health and environmental benefits as
well as also maintaining precious outstanding resources, i.e., oil and gas.
With expectations of significant growth
of solar energy in various countries of the region, the World Future Energy
Summit 2016, to be hosted by Masdar City in January, will witness the launch of
the new "Solar Expo", which will introduce technologies and
innovations in the field. -end-
Image
by Gulftoday.ae
No comments:
Post a Comment