Iranian engineers have designed and manufactured solar power plants in five countries in the region. The UAE has received a five-megawatt (MW) power station with a 1.2 MW station having been completed in Iraq, Mehr News Agency reported today. Other smaller plants have also been built in Saudi Arabia, Pakistan and India. (AMEinfo.com, 12 August)
Both the UAE and Saudi Arabia are also entering into the renewable energy market with solar power projects that require more than $1.5 billion in financing by the end of 2014, AMEinfo and Bloomberg reported.
Dubai's first large solar power plant, now 70 per cent complete, is on schedule to be operational in October 2013. Completion of the 13 MW plant is the first phase of the Mohammed bin Rashid Al Maktoum solar park, which aims to generate electricity (1,000 MW) to power 200,000 homes by 2030.
Both the UAE and Saudi Arabia are also entering into the renewable energy market with solar power projects that require more than $1.5 billion in financing by the end of 2014, AMEinfo and Bloomberg reported.
Dubai's first large solar power plant, now 70 per cent complete, is on schedule to be operational in October 2013. Completion of the 13 MW plant is the first phase of the Mohammed bin Rashid Al Maktoum solar park, which aims to generate electricity (1,000 MW) to power 200,000 homes by 2030.
International Renewable Energy Agency (IRENA) reported that renewables investment in the Middle East/North Africa region rose by 40 per cent last year, to $2.9bn. With more than 100 projects under way, including solar, wind and geothermal sites, spending could reach $13 billion across the region within just a few years, the agency says.
