Abu Dhabi and Saudi Arabia back Solar power
Both Abu Dhabi and Saudi Arabia are planning to adopt a feed-in tariff that will promote both the use of and mass acceptance of solar energy within the two countries over the coming years.
The move has also been backed by the International Renewable Energy Agency (Irena). Interim Director- General Helene Pelosse is quoted on the Emirates Business website, as saying:
“GCC countries are considering policy initiatives to meet their targets of achieving an appreciable amount of power supply from renewable sources by 2015.”
The point of the feed-in tariff policy is that it calls for the government to buy power produced from renewable sources at higher rates - thereby encouraging investment in the technology and ensuring the long term growth of renewable sources of energy.
Zhengrong Shi, one of the biggest suppliers of solar equipment in the Middle East, said, “An attractive feed-in tariff policy can work wonders for solar technology in the region.”
He added: “ Europe as an example where feed-in tariff policies have helped solar technology.”
To read the full interview with Zhengrong Shi click here.
