The Middle East is expected to see a significant investment in · PDF fileThe Middle East is...
Transcript of The Middle East is expected to see a significant investment in · PDF fileThe Middle East is...
The Middle East is expected to see a significant investment in renewable energy driven power generation Fossil fuel conservation and environmental concerns driving investments in renewable energy
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Source: Frost & Sullivan Research
Annual power generation forecasts: Electricity generation compound annual growth rates (CAGR) by technology, The Middle East, 2012-2030
-10 0 10 20 30 40 50 60 70 80 90
Others (0)
Solar PV (0.3)
Wind (0.1)
Hydro (13.5)
Nuclear (1)
Gas (165.2)
Oil (73.8)
Coal (6.2)2012-2020 2020-2030
Fuel type
CAGR (percent)Note: Middle east includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, UAE and Yemen Others includes Solar CSP, Bioenergy, Geothermal and Marine.
Numbers in brackets denote GW installed capacity in 2012
The GCC: USD 90 Billion1 of Accumulated Opportunity for Renewables by 2020
KSA70%
UAE16%
Kuwait10%
Oman1%Qatar
2%Bahrain
1%
Cumulative Value of Renewable Energy Projects in the GCC by 2020: USD 90 Billion*
The KSA Target of installing 54 GW by 2040*
Qatar Target of achieving 20 per cent of electricitygeneration from renewables by 2030
5%
2%
10%
5%
0%
4%
8%
12%
UAE Oman Qatar Kuwait Bahrain
Du
bai
, 7
%A
bu
Dh
abi ,
7%
1 The KSA recently announced the delaying of completion of its $ 109 Bn solar clean-energy programme by eight years from 2032 to 2040.
The GCC Renewable Energy targets 2020
Source: IRENA, MEED, Ren21
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Renewables target 2020 (GW)
3.0 0.6 0.3 2.8 0.25
Solar will account for >90 per cent of the planned renewable power projects in the GCC, which means 20-25 GW to be installed by 2020
The Rest of Middle East and North Africa (RoMENA) Renewable Energy OpportunityIn 2015, the MENA is expected to tender over 2,300MW worth of solar projects (Source: MESIA)
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Rest of Middle East (RoME)North Africa
Egypt• Solar PV: 700 MW by 2017• CSP: 2,800 MW by 2017• Wind: 7,200 MW by 2020• Target: 20% by 2020
Algeria• Solar PV: 946 MW by 2020• CSP: 1,500 MW by 2020• Wind: 270 MW by 2020• Target: 40% by 2030
Libya• Solar PV: 129 MW by 2015• CSP: 125 MW by 2020• Wind: 600 MW by 2020• Target: 30% by 2030
Tunisia• Solar PV: 1,900 MW by 2030• CSP: 300 MW by 2030• Wind: 1,500 MW by 2030• Target: 40% by 2030
Morocco • 2,000 MW each from Hydro, Solar and Wind by 2020
• Target: 42% by 2020
Jordan• Solar PV: 300 MW by 2020• CSP: 300 MW by 2020• Wind: 1,000 MW by 2020• Target: 10% by 2020
Iran • 5,000 MW of wind and solar renewable power by 2018
Yemen• Solar PV: 4 MW by 2025• CSP: 100 MW by 2025• Wind: 400 MW by 2025• Target: 15% by 2025
Lebanon • Hydro: 40 MW by 2015• Wind: 60 – 100 MW by 2015• Target: 12% by 2020
Iraq • Solar PV: 240 MW by 2016• CSP: 80 MW by 2016• Wind: 80 MW by 2016• Target: 10% by 2020
Source: IRENA,EIA, REN21
Market Opportunity – Solar segment considering ~9.5-10.0GW of new solar installed capacity in GCC by 2020 along with ~2.5GW of solar rooftop opportunity in UAE
Note: Electrical BOP includes junction box, circuit breaker, fuse, wiring, etc.
ComponentsOpportunity size 2014-2020, the GCC
Modules USD 5.0-6.0 Bn
Balance Of Systems (BOS) including inverters & mounting structures
USD 3.0-3.25 Bn
EPC Services USD 2.5-2.75 Bn
O&M USD 0.27-0.30 Bn
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Source: IRENA, Frost & Sullivan analysis
Solar PV Power Plant – Cost Contributions Solar Roof Top Power Plant – Cost Contributions
0%
20%
40%
60%
80%
100%
Co
st C
om
po
ne
nt
(% o
f to
tal C
ost
)
Solar PV Power PlantCost Contributions
O&M2.0-3.0%
ComponentsOpportunity size 2014-2020, the UAE
Modules USD 1.3-1.7 Bn
Inverters USD 0.8-0.9 Bn
Balance Of Systems (BOS) USD 0.45-0.50 Bn
Installation/EPC Services USD 0.1-0.12 Bn
Module47.0-50.0%
BOS26.0-28.0%
EPC22.0-24.0%
0%
20%
40%
60%
80%
100%
Co
st C
om
po
ne
nt
(% o
f to
tal C
ost
)
Solar Roof Top Power PlantCost Contributions
Installation7.0-9.0%
Module50.0-55.0%
Inverters22.0-24.0%
BOS16.0-18.0%
The UAE: A stable, strategic beachhead for entry into the MENAOffering a lucrative market and a strategic location, the UAE is one of the most investment conducive destinations in the region
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of the population in the UAE has access to
electricity
Abu Dhabi’s target
for power from
Renewables by 2020
$2 BnUAE can stand
to save US$2bn a year, upto
2020, in energy costs by
implementation of energy efficiency
technologies
$272 BnTotal exports and re-
exports from the UAE to the world in 2014.
$401 Bn
95%
UAE is tagged as the easiest country to start a business in amongst the
GCC countries
1st 7% ~1100 MWof solar power projects to be tendered in
2015
7%Dubai’s target
for power from Renewables by
2020$10.5 Bn
Total foreign direct investment in 2013
25thin ‘ease of doing business in the
world’rankings(2014)
36Total number of free zones
in the UAE
UAE has the highest imports in terns of dollar value of goods among the
GCC countries (2013)
1stUAE has the 2nd highest
exports in terms of dollar value of goods among the
GCC countries (2013)
2nd
Total imports to the UAE from the world in
2014.
Source: CIA, Federal Customs Authority, World Bank data, Bank Audi
In its 9th edition - The World Future Energy Summit (WFES) is the Middle East’s largest gathering on future
energy and one that drives actionable solutions to the world’s energy challenges. The signature event of Abu
Dhabi Sustainability Week, co-located with IWS and EcoWaste, bringing over 800 exhibiting companies and
32,150 like minded industry professionals together in Abu Dhabi, 18 – 21 January, 2016.
Under the ongoing patronage of HH General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi
and Deputy Supreme Commander of the UAE Armed Forces, WFES is widely recognized for its unique ability to
attract public and private leaders to address the critical issues and action the policy goals set by corporate, political
and economic leaders.
World Future Energy Summit
WFES: The Exhibition
650 exhibiting companies from 41 countries
32,150 attendees from 170 countries
101 official delegations
17 country pavilions
3,700 opening ceremony attendees
40+ co-located events and high-level meetings
500 press registrations from 36 countries
1,000 conference delegates
New at WFES 2016: WFES Solar Expo
The new WFES Solar Expo is dedicated to growing the solar sector - not simply talking about it. Bringing together solar projects
and technology specialists from around the world, it enables your business to establish new connections, source new buyers and
distributors, find new investors and rewarding new conversations.
At the very core of the World Future Energy Summit - the foremost annual global event committed to advancing future energy and clean
technology - the new WFES Solar Expo is dedicated to showcasing the latest innovations and advancing the take-up of photovoltaic
(PV), concentrated solar power (CSP) and other cutting-edge solar technologies, helping governments to meet ambitious targets for
renewable energy. With over 400MW of solar capacity in operation or under construction, the MENA solar market is on its way to
maturity, giving you access to a unique audience of leading solar experts, suppliers, innovators and potential buyers.
New at WFES 2016: Egypt Future Energy &
Environment Forum • Egypt’s Future Energy & Environment Forum will assess the new increased business
opportunities for international companies in the MENA region’s most populated country.
• The event will be a platform to learn about the latest developments in Egypt’s power, water,
gas, solar, wind & waste management sectors.
• Provide a guide to the envisaged progress of the county’s energy sector over the next 10
years (& outline opportunities).
• Designed to meet the increasing need amongst the private sector for information and
market intelligence on the commercial opportunities and developments in the Egyptian
market.
• Speakers will be drawn from the relevant Egyptian stakeholders and the leading
international & Gulf-based private sector players already developing the market.
‘The partnership that we have established between the United States and Abu Dhabi around renewable
energy and climate change and sustainable development that takes advantage if human capital, is one of
the most important partnerships for the future that we could be pursuing.’
Hillary Clinton, Former Secretary of State of the United States of America
This important international gathering is convened today to discuss the key challenges that are impacting
the energy, water and sustainable development landscapes. It also seeks to create an important
opportunity for dialogue, discussion and the exchange of views and expertise among various parties
towards finding innovative solutions for the challenges facing the world today.“
His Excellency Abdel Fattah el-Sisi, President of Egypt
The world is confronted with a challenge: powering societies and maintaining a trajectory of growth while
sustainably meeting future resource demands. As global markets become increasingly complex and
interdependent, an integrated and commercially-driven response is required.
The United Arab Emirates, a country with a proud history of energy leadership, is committed to building
partnerships and advancing solutions that promote long-term sustainability. The World Future Energy
Summit is a reflection of the country’s commitment to shaping the future and tackling today’s complex
challenges related to energy, water, waste and sustainable development. Taking place during Abu Dhabi
Sustainability Week, the summit unites thought leaders, policy makers, innovators and investors, to
unlock immediate opportunities and safeguard future economic growth.”
His Excellency Dr. Sultan Ahmed Al Jaber ,Minister of State in the United Arab Emirates, Chairman of Masdar
WFES: Conference 120 industry leaders speaking from around the world
Discussions in growth markets to project finance, green bonds to grid interaction, energy storage to the
internet of energy
1,000 conference delegates
WFES: Conference
A representation of WFES 2015 Speakers:
H.E. Eng. Suhail Mohamed
Faraj Al MazroueiMustapha Bakkoury
Minister President
Ministry of Energy Moroccan Agency for Solar Energy (MASEN)
UAE Morocco
Dr. Ahmad Belhoul Mohamed Salah ElSobki
Chief Executive Officer Executive Chairman
Masdar New and Renewable Energy Authority (NREA)
UAE Egypt
H.E. Mohamed Hamed Shaker
El MarkabyPaddy Padmanathan
Minister President & Chief Executive Officer
Ministry of Electricity and Energy ACWA Power
Egypt Saudi Arabia
Kerry Adler Yousif Al Ali
President & Chief Executive Officer General Manager
SkyPower Global Shams Power Company
Canada UAE
H.E. Saeed Mohammed Al TayerH.E. Dr. Sultan Ahmed Al
Jaber
Managing Director & CEO Chairman
Dubai Electricity and Water Authority (DEWA),
UAEMasdar and UAE Minister of State
Vice Chairman UAE
Dubai Supreme Council of Energy, UAE
Adnan Amin
H.E. Dr. Abdelkader Amara Director-General
MinisterInternational Renewable Energy
Agency
Ministry of Energy, Mines, Water and
EnvironmentUAE
Morocco
The Project and Finance Village
The Project and Finance Village at WFES
2015 brought lots of project specialists
together in one dedicated venue: developers
and entrepreneurs, investors and
exhibitors, and solution providers and
thought leaders. Networking in a uniquely
collaborative atmosphere, they experienced
the latest international project showcases,
and discussed new business and investment
opportunities, alongside four panel sessions
and six keynote project presentations.
WFES: Networking
TechTalk
A successful seminar concept since WFES 2013, located
on the exhibition floor, TechTalk allowed companies or
speakers and participants to present and discuss the
latest industry technologies, R&D, policy developments,
investment opportunities and new projects in a purpose-
built environment, ideal for networking with decision
makers from across MENA and beyond.
WFES: Networking
Solar Projects in 2015Project Country MWp Status Client
Al Wadi Al Jadid Egypt 6 in bid stage Masdar
Kom Ombo Egypt 200 EOI phase NREA
FIT Round 1 target bid stage Egypt 500 bid stage Ministry of Energy
RHC Grid Connected Solar Power Plant Royal Hashemite Court Jordan 6 In bid stage Royal Hashemite Court
Round 2 of Direct Proposals for Renewable Energy Jordan 200 In bid stage MEMR
Quweira PV Power Plant Jordan 65 PQ Stage MEMR
Hashemite University Grid-Connected PV Jordan 5 In bid stage Hashemite University
Construction of Six Stores at Subhan Kuwait 5 bid preparation MEW
1MW PV Farm in Zahrani Lebanon 1 EOI phase Lebanon Oil Installations
Hoon PV Power Plant Libya 14 In bid stage REAOL
Noor II CSP (parabolic trough) IPP at Ouarzazate Morocco 200 awarded Masen
Noor III CSP (tower) IPP Morocco 150 awarded Masen
Noor IV PV IPP Morocco 80 bid preparation Masen
Royal Oman Police Hospital Oman 1 bid preparation Royal Oman Police
Kahramaa - Water Reservoir project Oman 10 bid preparation Kahramaa
Al Aymadi solar project Qatar 1 bid preparation Al Aymadi
Marina Mall Qatar 0.4 in bid stage Qatar Foundation
Duba Phase I Integrated Solar Combined Cycle Saudi Arabia 50 PQ stage SEC
Waad Al Shamal ISCC - CSP Saudi Arabia 50 Bid preparation SEC
10 MWp PV Power Plant Albagair Sudan 10 In bid stage Ministry of Water Resources and Electricity
Noor 1 100 MW Solar Power Plant UAE 100 PQ stage Masdar
Al Ain Hospital UAE 1 Awarded SEHA
MBRAM Solar Park Phase 2 UAE 100 RFP stage DEWA
Utico FZ - Ras Al Khaimah PV UAE 40 PQ stage Utico
Dubai Roof-top program UAE 20 Bid preparation DEWA; net metering program
Source: MESIA Solar Outlook 2015.
Who are the Project Developers?
Project Developer Name Type City/Country
Egyptian Electricity Holding Company Utility/ Investor Cairo/Egypt
DEWA Utility / Investor Dubai/UAE
Acwa Power Owner/Developer Riyadh/KSA
MASEN -Moroccan Agency for Solar Energy Investor / Owner Morocco
Masdar Investor/ Owner Abu Dhabi/UAE
Abengoa Solar Developer
Nareva Holdings Owner/ Developer Morocco
Kuwait Institute of Scientific Research - KISR Investor/ Owner Kuwait
Saudi Electricity Company Investor /Owner KSA
KA CARE Investor KSA
Jordan Ministry of Energy & Mineral Resources (MEMR)
Owner Jordan
The Sustainability Business Connect, a brand new networking program
designed to maximize business opportunities by matching requirements with products and
services, launched in WFES 2015.
It is complimented by an online booking tool that will make it easier for participants and
exhibitors to meet, connect, and do business.
WFES: SBC
WFES: Marketing & PR Campaign WFES ensures a targeted campaign that reaches the right audience within the right sectors,
across the following channels:
THANK YOU
Rajveer SinghGlobal Sales ManagerWorld Future Energy SummitT: + 971 (2) 409 0444 M: + 971 (50) 616 [email protected]