Just in:
Aid is at the core of Israel, Palestine struggle to control post-war Gaza // Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // Hong Kong Crypto Exchange Application Stalled by US Lawsuit // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // CABSAT 2024 Ushers in 30 Years of Media Innovation // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Emirati Aid Reaches Ukraine as Food Shortages Bite // Simplified Business Moves for Al Reem Island Firms // French Leaders Gather for Interfaith Iftar Dinner // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Ingdan Announces 2023 Annual Results // A Tightrope Saudi Walk Towards Net-Zero // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // DrGo launches DrGo Me+ Ready Pack portable nutritional supplement pack // Digital Hub Unveiled: Xposure Launches Platform for Global Photography Community // Samsung Electronics Launches 2024 Neo QLED 8K, Neo QLED, and OLED Displays to Spark the AI Screen Era // UAE Golden Gambit to Counter Saudi Bid for Business Leadership // Universal Language for Healthcare: General Authority Embraces Global Coding System //
HomeEconomyUS power plant developer looks at Dubai

US power plant developer looks at Dubai

solarreserveSolarReserve, a closely held U.S. power plant developer,  is studying whether to bid for a 100 megawatt facility in Dubai and looking at projects in Jordan, Chief Executive Officer Kevin Smith said in an interview in Dubai.

The company expects to hear by the end of the year whether it, GDF Suez (GSZ) unit International Power Ltd. and Abu Dhabi’s Masdar have won the right to build a 100-megawatt solar-tower plant in Morocco.

Business in the Persian Gulf available for developers is in the “hundreds of megawatts, moving to the thousands of megawatts over the next five to six years,” Chief Kevin Smith said. “The big wildcard is the Saudi market and whether it starts to develop in the next two to three years or if it takes longer.”

ADVERTISEMENT

The developer, based in Santa Monica, California, wants to build the two South African plants with ACWA Power International of Saudi Arabia, Smith said. They may hear by June whether they’ve won the first project, and will bid on the second in August, he said. SolarReserve has three plants in the country.

African and Middle Eastern nations are looking to renewable energy to diversify power generation and reduce their use of oil and natural gas. SolarReserve opened an office in Dubai this year to increase its access to projects in the region.

 

ADVERTISEMENT

ADVERTISEMENT
Just in:
Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // Samsung Electronics Launches 2024 Neo QLED 8K, Neo QLED, and OLED Displays to Spark the AI Screen Era // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // Saudi Arabia Unveils Green Financing Tool to Achieve Net-Zero Goals // Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // Digital Hub Unveiled: Xposure Launches Platform for Global Photography Community // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // A Tightrope Saudi Walk Towards Net-Zero // Andertoons by Mark Anderson for Fri, 29 Mar 2024 // Ingdan Announces 2023 Annual Results // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // Universal Language for Healthcare: General Authority Embraces Global Coding System // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Global Audience to Witness Thrill of Dubai World Cup // French Leaders Gather for Interfaith Iftar Dinner // Octa seeks to clarify Forex swap and swap-free accounts // New Nylon Constant Torque Hinge From Southco Provides Position Control In A Compact Package // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // DrGo launches DrGo Me+ Ready Pack portable nutritional supplement pack // CABSAT 2024 Ushers in 30 Years of Media Innovation //