UAE to install hundreds of megawatt of solar power

Montag, 21. November 2011

Apricum becomes founding member of the Emirates Solar Industry Association

MENA solar power is ready for take-off. Many voices, including the World Bank, see the Middle East-North Africa region all set to unleash its potential in solar energy. And the United Arab Emirates (UAE) is determined not to be left behind. “By 2020, Abu Dhabi targets to generate seven per cent of its power needs, roughly 1,500 megawatts, from renewable energy sources,” says Vahid Fotuhi , Chairman of the Emirates Solar Industry Association (ESIA).

As the UAE prepares for the solar lift, ESIA emerges as a non-governmental organization for the promotion of solar power. Backed by the Masdar Institute, ESIA strives to be a research and business hub and to support foreign investors in setting a foothold in the UAE.

“For Apricum , it was a natural step to join the Emirates Solar Industry Association”, says Apricum’s managing partner Nikolai Dobrott. “MENA has always been a strategic region for us. We advise local governments and industry holdings and help companies develop their business in the region. It makes good business sense to tie up with ESIA at a time when the UAE solar market starts to ramp up,” added Mr. Dobrott.