Who In The World Is Winning With Solar?
Arab gulf firms set their sights on the region's growing appetite for solar power
Tom DiChristopher, January 12, 2017 (CNBC)
“…Middle East and North African countries, blessed by ample sunlight and open space, are increasingly adopting solar power. But it's not European, Chinese or American companies taking the lead on some of the region's largest solar parks. It's local firms that are relatively new to renewable energy…Some of these companies could become global competitors in the fast-growing market for large solar power plants…Regional companies have attracted attention by setting solar costs at record lows…[Last year, Abu Dhabi-based renewable energy company Masdar and Saudi Arabia's Abdul Latif Jameel] offered to operate 800 megawatts of solar energy [in Dubai at a record-setting] 2.99 cents a kilowatt hour…The economics are somewhat unique to massive Middle East projects and are not feasible elsewhere…[but the knowledge transfer that comes with this type of collaboration] advances efforts by fossil fuel-dependent gulf states to diversify their economies and create new jobs…” click here for more