China’s Yingli considers taking part in Dubai solar energy project

May 28, 2014 by  
Filed under Green Energy News

DUBAI May 27 (Reuters) – Chinese solar panel maker Yingli
Green Energy Holding Co., is considering taking part in
a United Arab Emirates solar energy project as part of its 2014
expansion plans in the Middle East and Africa, a company
executive said on Tuesday.

U.S.-listed Yingli, the world’s largest solar panel supplier
by volume, is looking to grow in emerging markets such as the
UAE, Saudi Arabia, Jordan, Egypt, Qatar, Kuwait, Pakistan and
Nigeria among others.

In Dubai, one of the seven emirates of the UAE, the state
utility Dubai Electricity and Water Authority (DEWA) is
tendering a 100-megawatt independent power project (IPP), part
of the emirate’s plan to diversify its energy mix by 2030.

“It is either we will partner with other companies together
and then will submit our bid, or it might be that our strategy
is we will support this project with services to the
participating companies,” Evangelos Lianos, Yingli’s executive
director Middle East, told Reuters in Dubai.

“DEWA has made it in a very structured way. When we saw that
we were happy,” he said, adding that the deadline for the tender
is July 5.

It is in talks with governments and other partners in the
region to deploy large-scale solar installations.

Like the rest of the Middle East, Dubai lags behind Europe
and the U.S. in solar energy, but may eventually build up to
1,000 MW of solar power plants as part of plans to get 5 percent
of its electricity from renewable sources by 2030.

Despite vast expanses of empty desert and intense year-round
sunshine, solar energy has struggled to take off in the
energy-hungry Gulf where heavily subsidised fossil fuel makes
green investments less attractive than in countries that
subsidise renewables and tax fuels.

(Reporting by Rania El Gamal; Editing by Maha El Dahan and
Susan Thomas)

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