The Middle East is expected to see a significant investment in · PDF fileThe Middle East is...

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Transcript of The Middle East is expected to see a significant investment in · PDF fileThe Middle East is...

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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

2

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

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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

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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

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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%

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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

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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

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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

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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.

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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.

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‘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

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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

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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

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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

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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

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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.

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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

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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

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WFES: Marketing & PR Campaign WFES ensures a targeted campaign that reaches the right audience within the right sectors,

across the following channels:

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THANK YOU

Rajveer SinghGlobal Sales ManagerWorld Future Energy SummitT: + 971 (2) 409 0444 M: + 971 (50) 616 [email protected]