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Gulf News: Sun is shining on prospects for solar power
http://gulfnews.com/news/gulf/uae/environment/sun-is-shining-on-prospects-for-solar-power-1.1027886[font face=Serif][font size=5]Sun is shining on prospects for solar power[/font]
[font size=4]As costs continue to come down for large-scale operations, the UAE must invest, according to ESIA[/font]
By Derek Baldwin, Chief Reporter
Published: 00:00 May 26, 2012
[font size=3]Dubai: The days when it was cost-prohibitive to even consider building large-scale solar power projects are abating as prices continue to decline, the Emirates Solar Industry Association said.
And with costs for photovoltaic solar power generating projects more than halved in recent years, the time is ripe for Middle East countries such as the UAE to meet the emerging technology head on, said Adrian Wood, marketing and communication director of ESIA.
"Solar power is a relatively new but fast growing market globally. Solar power, especially photovoltaic, has shown tremendous growth and cost reductions over the last five years," said Wood, who is also regional director.
Declining costs are leading to a global surge in new solar projects to 67GW last year, up from 7GW in 2006.
…[/font][/font]
[font size=4]As costs continue to come down for large-scale operations, the UAE must invest, according to ESIA[/font]
By Derek Baldwin, Chief Reporter
Published: 00:00 May 26, 2012
[font size=3]Dubai: The days when it was cost-prohibitive to even consider building large-scale solar power projects are abating as prices continue to decline, the Emirates Solar Industry Association said.
And with costs for photovoltaic solar power generating projects more than halved in recent years, the time is ripe for Middle East countries such as the UAE to meet the emerging technology head on, said Adrian Wood, marketing and communication director of ESIA.
"Solar power is a relatively new but fast growing market globally. Solar power, especially photovoltaic, has shown tremendous growth and cost reductions over the last five years," said Wood, who is also regional director.
Declining costs are leading to a global surge in new solar projects to 67GW last year, up from 7GW in 2006.
…[/font][/font]
