Director of Islamic Center in Washington appreciates kingdom's decision on this year's Hajj    UAE records 400 new coronavirus cases, 504 recoveries    Over 25 babies born to coronavirus infected women in Madinah    Bahrain supports Saudi security and stability    French Coronavirus Death Toll Rises by 14 to 29,875    Sainz reveals COVID-19 health fears as Formula 1 season gets set to start    Retail Abu Dhabi boosts consumer sector with summer campaign    Jordanian Army Chief Receives Iraqi Defense Minister    RDIF, ChemRar announce increased production of Avifavir for COVID treatment    Dr. Al-Awwad Thanks Leadership on Issuance of Royal Order Restructuring Human Rights Commission Council    KSrelief Delivers Saudi Arabia's Gift of Dates to Pakistan    Sweeping workplace changes expected in a post-pandemic world: Research    Ministry covers over 12,000 hectares in combating locusts    Bahrain Bourse Rises    500MW Ibri 2 solar PV project achieves a new milestone    Saudi Passports Director Inaugurates a Number of Virtual Training Programs    Saudi Arabia's 3,400 km charming coastlines beckon tourists    Saudi Payments measures helped society adapt to COVID-19    ‘Football industry will bounce back stronger from COVID-19'    Custodian of the Two Holy Mosques Issues Order to Extend Government Initiatives to Mitigate Coronavirus Impact on Economic Activities    Alwaleed Philanthropies, ICESCO sign MoU to help 10 African countries combat COVID-19    PNU opens admission for Business Chinese Language Program on July 23    Asharqia Chamber Organizes a Meeting on Single Window Services (Fasah)    Asian Stocks Rise    Custodian of the Two Holy Mosques Congratulates President of Belarus on Independence Day    Dr. Manzalawi: KSA rejects any action that would affect rights of all parties in Nile Dam issue    Sea Shepherd seeks injunction against US agencies Legal action aims to prevent the loss of a rare dolphin species at risk of imminent extinction    Saudi participation in conference of secretaries of members of soccer federations of West Asia    Jeddah school chains 300k+ bottle caps together to set Guinness World Record    Al Qassimi hospital performs successful surgery on two-month-old baby    Certified Calligraphers Pedigree: New initiative for a comprehensive database    Pogacar storms to Slovenian time-trial championships win    Complementary, Alternative Medicine Practicing 1st Manual Version Issued    AFC Commends Positive Steps to Resume Saudi Professional League and its Health Protocol Accuracy    Liverpool lifts Premier League title for first time in 30 years    Diriyah to Host Two Rounds of Formula E Racing next February    Football Professional league and first-class competitions to be resumed    Actor Sushant found hanging in his Mumbai residence    Wives detect polygamy: Divorces up 30% in Saudi Arabia    Council of Senior Scholars advises old people to pray at home    Is it permissible to perform prayers at home for fear of contracting COVID-19?    Saudi Ithra center launches dialogue sessions with most famous creators in the world    SFDA Implements National Program to Ensure Safety of 10,000 Food Samples    Saudi Surgeon Managed to Remove Kuwaiti Girl's Brain Tumor, as French Physician Declined, in the last Moments    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    Custodian of Two Holy Mosques addresses Citizens and Muslims on the Advent of Holy Month of Ramadan    Ministry of Hajj and Umrah Launches Awareness Message on Sacrifice Day    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Imperative for Gulf states to invest in renewable energy
Published in The Saudi Gazette on 15 - 12 - 2010

JEDDAH: GCC countries should invest in renewable energy “to service the energy needs (of) generations to come in an environmentally conscious way,” Adrian K. Wood, head of Siemens' solar energy business in the Middle East, said Thursday (Dec. 9) at a round table in Dubai.
He said that though “oil and gas are viable, abundant and cost effective options at present (in the region) … these resources are finite and so it is important to look into technologies and solutions that are renewable and sustainable.” He added “measures need to be taken now to ensure that countries have the right solutions in place,” he added.
From a commercial perspective, if the oil and gas can be used for export or for higher profit-generating applications i.e. downstream refining or metals, renewable energy starts to look even more attractive, he pointed out.
Amid increasing energy as populations grows, Wood said it is imperative that sustainable solutions have to be implemented hand-in-hand with traditional solutions, in order to meet this demand. There is also political pressure to reduce fossil fuel use, due to the impact on the environment, he noted.
“Renewable energy needs commitment from governments to invest in these solutions and this is gradually starting to build momentum. We see the next few years being crucial to the development of renewable energy in the GCC,” he further said.
Moreover, Wood said “it is the time to start now as the market in the Middle East has the technology and is just waiting for contracts and tenders to be put in place to get things moving.”
He added governmental initiatives are taking place, such as Mubadala's Masdar City project and the Abu Dhabi Education Council's pledge to build environmentally friendly schools, so this builds confidence and draws attention to these issues. Wind and solar farms are also being considered for parts of the Middle East which have suitable conditions for these technologies.
On the issue of higher costs in producing renewable energy, Wood said “this depends upon country to country and application to application.”
Renewable energy costs, he explained, through wind power, are already very attractive and close to fossil fuels costs. This would mean minimal cost differences. For solar technologies, the difference is larger, he added.
However, every year the cost difference reduces. When grid parity is reached, or even slightly before this time, if one assumes a cost increase for oil and gas based energy generation in the future, then there will be no increase in cost for renewable energy, he pointed out. He further said it will take time for the cost of renewable energy technologies to come down, but the cost of oil and gas is rising, “so we feel the next 10 years will be significant in deciding this. If everything happens as predicted, we see there being parity of cost towards the end of the next decade.”
On the issue of reducing Co2 emission in the region with the application of renewable energy, Wood said power consumption worldwide will increase from today's 20,300 TWh to 33,000 TWh in 2030. And the markets for renewables will grow even faster in the years ahead.
“The share of renewables used for generating power worldwide, excluding hydro power, will grow from 3 percent to 17 percent in 2030. The key factors behind this rapidly growing market are climate change, the soaring global demand for electricity, and the scarcity of fossil fuels. Among the renewables, wind power and solar are the most important energy sources.”
Explaining further, Wood said the application of solar or wind as a renewable energy source varies from country to country in which particular source is more abundant. “For countries with no wind, then solar is attractive and will lead. Even within solar, there is often a clear recommendation as to whether CSP or PV is more suitable, depending upon the environment and project requirements. Wind has at the moment a better-cost position, in terms of Levelized Cost of Electricity (LCOE). However, it is not possible to categorically state which will lead.”
Asked to differentiate concentrated solar power from photovoltaic, Wood said both technologies are available for the utilization of solar energy. “Depending on the characteristics of insolation, various technologies can be utilized to generate electricity using this practically inexhaustible source of energy. Diffuse sunlight is more suitable for photovoltaic plants, which use solar cells to convert radiation energy (primarily solar energy) directly into electrical energy. Solar thermal power plants, also known as CSP plants, are the technology of choice for direct insolation,” he noted.
The principle of CSP is quite simple, he further said.
“Mirrors concentrate the incident solar radiation on receivers, where the bundled solar radiation heats a heat transfer medium circulating in the receivers. This is then routed through a heat exchanger, in which steam is raised to drive a steam turbine. Today, synthetic thermo oils are primarily used as the heat transfer fluid,” Wood pointed out.

Clic here to read the story from its source.