World Future Energy Summit 2015 - Day One

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S01 WFES Day 1 2015 News Start_Layout 1 15/01/2015 09:49 Page 1

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DAILY NEWS

DAY 1

19th JANUARY 2015

WFES to highlight commercial opportunities in the renewable and clean energy sector

#WFES15

Contents Last year’s WFES attracted more than 150 eminent speakers, head of states and ministers, who were on site to discuss issues surrounding the future of energy

INVESTMENTS IN clean energy projects in MENA will be the key focus at the eighth edition of the World Future Energy Summit (WFES), which begins today in Abu Dhabi. Held at the Abu Dhabi National Exhibition Centre (ADNEC), the fourday event – held as part of Abu Dhabi Sustainability Week (ADSW), which runs between 17-24 January 2015 – will look to connect key members from technology, finance and government sectors. Delegates will be provided with insights into growing market opportunities in the MENA region through conferences and panel sessions. Dr. Ahmed Belhoul, CEO of Masdar, said, “As a result of ambitious energy targets, countries in the region are incentivising the rapid scale-up of renewable energy. The development of wind and solar power is a fundamental strategy that supports energy security and creates lasting economic and social opportunity.” WFES will take into account the vast developments made in technology, focusing on how it can aid the renewable energy industry. One of the focal points at WFES 2015 will be how oil exporter Saudi Arabia intends to transform its domestic energy supply to become one of the world’s largest producers of renewable energy. In addition, regional leaders will look to discuss the UAE’s roadmap to a diversified energy future and explore how Dubai’s upcoming Expo 2020 has been driving a holistic sustainability agenda across the country. Delegates will also look to provide valuable inputs on clean energy generation at WFES. For example, Morocco’s transition from an energy importer to a net energy exporter will be analysed during conference sessions, while Egypt’s urgent energy demand needs and the clean energy growth potential in South Africa will also be up for discussion during the four-day summit conference.

Several governments in the MENA region have also made significant pledges towards clean energy investments. Saudi Arabia has committed US$109bn to the development of 41GW of solar energy as part of a broader plan to deploy 54GW of clean energy by 2032. A US$9bn solar-power project, accounting for 38 per cent of Morocco’s installed power generation by 2020, is currently underway. The country has targeted 42 per cent of domestic energy supply from renewables by 2020. Jordan, meanwhile, has targeted 10 per cent of its power to be generated from renewable sources, with investment into the sector set to reach up to US$2.1bn by 2020. Egypt has also said it will invest US$1bn in solar energy as it looks to increase the country’s share of renewable power generation to 20 per cent of its total generational strength by 2020. Renewable energy investments in sub-Saharan Africa – particularly in South Africa, Kenya and Ethiopia – are all expected to grow to more than US$7bn by 2016. WFES will also explore a series of trends such as the rise of shale gas and its impact on the adoption of renewable energy, the role of cities in mitigating effects of adverse climate change, developing and operating utility-scale solar plants and wind farms, energy efficiency, understanding the Internet of Things and smart-grid solutions, and gauging financial risks in large-scale renewable projects. The International Water Summit (IWS) supported by Abu Dhabi Water and Electricity Authority (ADWEA) and EcoWaste, in association with Tadweer, Abu Dhabi’s Centre of Waste Management, are being held concurrently with WFES at ADNEC. The fifth assembly of the International Renewable Energy Agency and the seventh Zayed Future Energy Prize Awards ceremony will also will take place during ADSW.

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The latest news from exhibitors Key highlights during ADSW Renewables in North Africa Energy experts roll into town Cooling buildings to save energy Innovation on the France Pavilion Images from last year’s WFES

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World Future Energy Summit 2015 - Day One by Alain Charles Publishing - Issuu