MENA Clean Energy in Review - October 2014 
CEBC News

Monthly roundup from our CEO
I hope everyone had a wonderful October including a peaceful Eid break. This month the IEA reported that Clean Energy Generation worldwide has exceeded 150GW. Within MENA, new announcements almost daily highlight that this exponential growth in the rest of the world will soon rub off on this region.  Morocco has announced that its first solar energy plant will come online in 2015, Egypt is announcing new solar tenders every day and Saudi Aramco seems to be taking key steps in moving KSA's renewable energy ambitions forward. 

Interestingly, there are some signs even within the GCC that the real price of fossil fuels will soon be passed through to consumers, levelling the playing field for renewables. At Dubai's Clean Energy Forum last month, it was implied that $8/mmBTU for Natural Gas prices will likely become the new reality. Also highlighted at that forum were the announcements by both Dubai and Abu Dhabi of their plans for rooftop solar. Allowing individuals to generate their own electricity not only enables potential savings through shaving peak demand for utilities, it also changes us, as individuals, and our mindset towards electricity. Electricity is not just something you should take for granted but can be generated and managed in more sustainable ways by every individual. It is an exciting time and we at CEBC are looking forward to playing our part in moving this industry forward. 

Enjoy this months newsletter and I hope to see you all at our Sustainable Energy Financing Event on 5 November.
 
Chief Executive Officer
Clean Energy Business Council

Dubai Eye Radio News Interview | CEBC, Chief Executive Alice Cowman
Alice Cowman discusses the latest trends and developments in sustainability & clean energy taking place across MENA, and what are the issues facing the region.  [Listen to the Interview]

ARN News Radio Interview | Saeed Al Tayer, CEO & MD of DEWA
Saeed Al Tayer, CEO and MD of DEWA and CEBC's' Alice Cowman talk to the ARN News network about renewable energy challenges and developments currently taking place in Dubai following the inaugural launch of DEWA's Sustainability Report. [Listen to the interview]

The Future of Renewable Energy in the Arab Countries | Sky News Arabia
Sky News' Alam Al taqa program recently screened a special television report on the future of renewable energy in the Middle East.  The espisode features interviews with industry experts from across the MENA region including CEBC's Chief Executive.  [Watch the TV program]

Zayed Future Energy Prize - Finalists Announced
31 finalists have been shortlisted for the 2015 edition of the Zayed Future Energy Prize, the world's foremost award for innovation in renewable energy and sustainability.  CEBC congratulates all finalists for this year's awards with special recognition for two of our members Enel Green Power and First Solar for their achievement as finalists in this year's Large Corporation category.  [Read more]

New CEBC Members
We are delighted to welcome the following new members:

CEBC Welcomes New Staff Member
The last six months has seen significant growth in CEBC's membership and with an increase in our activities and additional member services, we need to add to our team!  We are delighted to welcome Amber Harvison MaGee as our new Events & Administration Manager.  Amber lives in Dubai and has held previous roles in the UAE with her most recent working in the solar energy sector.

CEBC Events

 

Breakfast Briefing:  Sustainable Energy Financing in MENA

How to think differently

Date:
Time:
Venue:
Cost:
5 November 2014
8:30am - 11:00am
Emirates Towers, Sheikh Zayed Road, Dubai
CEBC Members Free | Non Members AED200

 

Dubai is discussing the option of launching a Green Sukuk (Islamic bond) to help fund some of its renewable energy plans.   The financing of renewable energy projects is seen as an issue because banks are often nervous about funding such initiatives.  It has resulted in organizations seeking more innovative ways to fund renewable energy developments.

 

Clean Energy Business Council has been working with Dubai Ministries to promote a green sukuk as a new way of financing clean energy projects, and in collaboration with The Gulf Bond and Sukuk Association we welcome you to join us for an interactive seminar to discuss sustainable energy financing in MENA, and new ways of thinking about finance and capital.

 

You will hear from leading industry experts including guest speakers from HSBC, International Finance Corporation (IFC)EnerwhereAdenium Energy CapitalFaber Capital and Latham & Watkins.  This is a fantastic opportunity for developers, finance institutions and industry stakeholders to share ideas and to meet potential partners through this networking series.

 

De-carbonising the worlds energy system to avoid locking in polluting technologies and unacceptably high emission levels will require doubling existing investment levels to around USD 2 trillion a year. The genesis of this seminar is to get financiers and project developers thinking about new and innovative ways to finance sustainable energy projects - either energy efficiency or renewables.

  

Program

 

08:30Breakfast and Networking
09:00Tapping Capital Marketings through Green Bonds
Aziz Ata, Managing Director and Head of Debt Capital Markets MENA (Ex KSA), HSBC
09:30Green Sukuk: Who will be first? - Nadia Zubairi, DirectorFaber Capital, Lee Irvine, Senior Associate, Latham & Watkins
10:00Networking Break
10:15Sustainable Energy Efficiency Financing - how to think differently? - Kaiser Naseem, Head of Advisory Services, International Finance Corporation (IFC)
10:40Lease Financing for Renewables - Daniel Zwyietz, Vice Chair, Clean Energy Business Council and CEO, Enerwhere
11:05Q&A
11:15Finish

To register please click here

 

Gold Sponsor

 

 

Silver Sponsors

       

       

CEBC 3rd Annual MENA Clean Energy Forum 2014

Opportunities |Growth | Partnership

Date:
Time:
Venue:
Cost:
1 December 2014
9:00am - 5:00pm
Godolphin Ballroom, Emirates Jumeirah Towers, Sheikh Zayed Road, Dubai
CEBC Members Free | Non Members AED450

 

CEBC's 3rd Annual Conference 2014 provides a unique platform that brings together key stakeholders from the private and public renewable energy sectors in the Middle East and North Africa to further the development of new sustainable policies, strategies and technologies across the region.  You will meet senior officials, government dignitaries, and global experts from the fields of smart grids, energy and water efficiency, and renewable energy. 

 

Guest speakers with proven experience in projects both regional and internationally will highlight case studies from countries including Qatar, UAE, Jordan, Bahrain and Morocco, and cover topics such as Smart Grid and Smart Metering, Energy and Water Efficiency, Financing & Project Development, Distributed Energy, Solar Developments, and Renewable Desalination and District Cooling Options.

 

To register please click here.

 

Gold Sponsors

   


Silver Sponsors

     

Reports and Publications

State of Green Economy Report 2015 | DEWA, DSCE & Dubai Carbon  
The transition to a Green Economy is a reality in Dubai. There are many initiatives planned for the coming years to position Dubai firmly amongst the global cities leading green economic development. Dubai Electricity and Water Authority (DEWA), the Dubai Supreme Council of Energy (DSCE) and the Dubai Carbon Centre of Excellence (Dubai Carbon) in partnership with the United Nations Development Programme (UNDP) have developed the State of Green Economy Report 2015.  The Clean Energy Business Council has contributed several papers to the report. [Download Report]
  
Is the End in Sight for Renewable Subsidies? | Poyry  
Wholesale grid parity of solar and wind

Poyry's latest Point of View report explores when grid parity for solar and wind might happen and what the implications could be. Grid parity occurs where emerging technologies such as wind and solar produce electricity at the same levelised cost as buying power from the grid.  [Download report]

 

Pioneering Renewable Energy in Saudi Arabia [Audio Podcast]   

In this podcast from Greentech Media, Greentech Solar talks to GTM Research Analyst 

Adam James and Dr. Khaled of Knowledge Industry Co. in Saudi Arabia about the

development of renewable energy in Saudi Arabia, and a particular project called Renewable TaQati for RTV [Listen to the podcast]

 

IEA Solar PV Technology Roadmap 2014 | International Energy Agency (IEA)  

Since 2010, the world has added more solar photovoltaic (PV) capacity than in the previous four decades. New systems were installed in 2013 at a rate of 100 megawatts (MW) of capacity per day. Total global capacity overtook 150 gigawatts (GW) in early 2014.  [Download Report]

 

IEA Solar Thermal Electricity Roadmap 2014 | International Energy Agency (IEA)  

Concentrating solar plants (CSP) generate solar thermal electricity (STE) while producing no greenhouse gas emissions, so it could be a key technology for mitigating climate change. In addition, the flexibility of CSP plants enhances energy security.  [Download Report]

 

DEWA Sustainability Report | UAE  

Since the formation of the United Arab Emirates in 1971, energy and natural resources have

been closely linked to its growth. Today, availability and the use of energy and water have become key factors in our efforts to promote economic and social development and the preservation of the environment.  [Download Report]

 

Global Clean Energy Investment Sustains its Recovery | Bloomberg New Energy Finance  

London and New York, 2 October - World clean energy investment in the first three quarters of this year was 16% ahead of the same period of 2013, at $175.1bn(1), making it almost certain that 2014 will produce a bounce-back in dollars invested after two years of decline. [Read more]

Clean Energy News

Dubai Considers Sukuk for Renewable Projects | MEED

Dubai is discussing the option of launching a Green Sukuk (Islamic bond) to help fund some of its renewable energy plans.   The financing of renewable energy projects is seen as an issue because banks are often nervous about funding such initiatives. [Read more]


Q4 2014 Green Bonds Market Outlook | Bloomberg New Energy Finance

Concerted efforts are being made to standardise the market and excitement around the space seems to build with each new benchmark issue. In this Market Outlook we discuss the key events of Q3 2014 in the context of the year to date, and highlight emerging trends. [Read more]


Kuwait: A CSP Market Worth Entering? | CSP Today

Progress in Kuwait's CSP projects has been slower than anticipated. While the net gas importer signed multi-year supply deals for liquefied natural gas with Qatargas and Shell, and is considering similar agreements with Iran and the United States, it has been dragging its feet on the renewable energy front. What's new? 

[Read more]


Expansion of Morocco's Largest Solar Complex to Provide 1.1m Moroccans with Clean Energy | The World Bank 

The World Bank Group's Board of Executive Directors approved today a US$519 million project to support Morocco's ongoing efforts to reduce its dependency on fossil fuels by developing its renewable energy resources. The project will back the government's strategy of harnessing power from the sun through the use of concentrated solar power technology. [Read more]


Desertec consortium dissolves, morphs into service company | PV Magazine

The Desertec Industrial Initiative is adapting its business model to provide services for renewable energy projects to its shareholders, which will include Saudi Arabia's ACWA Power, Germany's RWE and SGCC from China. The group expects renewable [Read more]

 

Islamic finance seeks to go green with environment-based products | Reuters

Financial products based on renewable energy and sustainable agriculture are emerging in Islamic finance as asset managers seek a crossover opportunity between ethical and sharia-compliant investing. [Read more]


Saudi Arabia sees a compelling case in CPV | PV Insider Analysis

Soitec, Solar Systems and Solar Junction are all making their mark in Saudi Arabia, where the world's first, pilot CPV plant was installed by King Abdulaziz City for Science and Technology back in 1981. Today, more than three decades later, the newest CPV installation in Saudi Arabia is a 1 MW system built for the Nofa Equestrian Resort and commissioned last April. The plant will offset the existing 14 MW diesel generator [Read more]


Japan keen to invest in Sharjah's clean energy sector

The Japan External Trade Organisation (JETRO) has announced that it wants to invest in Sharjah's renewable energy sector.  Sharjah's location and infrastructure makes investment a viable choice for JETRO. The Japanese delegation visited the Sharjah Investment and Development Authority (Shurooq) in order to explore various business and investment opportunities in the emirate. [Read more]


Jordan: Deputies endorse amended renewable energy bill

The Lower House on Tuesday endorsed the 2014 amendments to the renewable energy law, stipulating a zero tax rate on green energy items, the Jordan News Agency, Petra, reported. The law aims at regulating the renewable energy industry in the Kingdom, in terms of tenders for investments and existing projects in the field, Petra said. [Read more]

 

New UAE law in the works to curb misuse of energy
 
A federal law is being planned aimed at curbing wasteful energy and water use that have resulted from rapid economic development and population expansion. Last week, Suhail Al Mazroui, the Minister of Energy, told a majlis that included Sheikh Hazza bin Zayed, the National Security Adviser and Vice Chairman of Abu Dhabi Executive Council, that a special committee at the ministry had started to prepare a law that will include measures to prevent inefficient energy use. [Read more]


Sprouting Sustainable Buildings Across the Emirates: Green Construction and Building Regulations

In November of 2013, the Burj Khalifa was lit ablaze with fireworks as Dubai won the bid to host the World Expo 2020. Within the overarching theme of  "Connecting Minds, Creating the Future", sustainability was positioned as one of three main pillars of the 6-month exhibition event. As an estimated $7 billion is slated to be spent on infrastructure development for the mega event - $1 billion on Expo Village alone - the Dubai government has launched [Read more]
 

Jordan to invest in Renewable Energy

Jordan is set to commission 1,800 MW of clean energy projects by 2018. Countries throughout the Middle East are beginning to invest heavily in renewable energy. These investments are backed by environmental concerns and economic interests [Read more]


Zahedan to own largest solar power plant in Middle East | Iran

The largest and the first photovoltaic power plant in Iran and the Middle East with 20 megawatt power will be built in Zahedan soon, a member of the board of directors of Iranian Wind Energy Scientific Association announced. [Read more]  

CEBC Members' Events & Activities

Green Careers: Pursuing a Sustainable Career Path / Future Green
Date:
Venue:
Cost:
Member:
27 October 2014
The British University in Dubai, Block 11, 1st & 2nd Floor, Dubai Academic City
AED100 | CEBC members 25% discount
Green Emirates


There is a great opportunity in the field of green jobs - Expo 2020, Dubai Green Economy Partnership, Green Building, Energy Efficiency, Renewable Energy, Green Transportation, Engineering, and Green Business, to name a few. How do you get started? If you've been on a different career path, how do you change your focus? What kind of education and training do you need to establish yourself in this growing sector? A panel of experts and educators will discuss the options available to anyone interested in this exciting field.  To find out more and register for this event please click here.


Power to the Cloud - Making Smart Cities a Reality

Date:
Venue:
Member:
4-5 November 2014
Atlantis Hotel, The Palm, Dubai
Schneider Electric

 

Governments and private sector organizations are looking to optimize operations as they expand their footprints. New technologies are now enabling cost efficiencies in IT infrastructure installations like never before. Equally significantly, several new technology innovations are now helping us re-imagine efficiencies and optimization in general infrastructure and services. The greatest impact of this is visible in the area of smart cities, where IT is transforming the delivery of public services and management of energy and utilities. To find out more and register for the event please click here.


 
Dubai Green Leadership Series - How can Consumer Behaviour Impact the Green Economy

Date:
Venue:
Member:
23 November 2014
The Address, Dubai Mall
EnPark


 
According to the State of the Green Economy Report 2015, consumer behaviour can be pivotal in a green economy, stimulating the private sector to produce sustainable products and the public sector to set environmentally ethical standards and regulations for best practices. The conference discussions will explore the requirements to effect a change in consumer behaviour so that more environmentally responsible choices are made. Read more

 

Industry Events and Conferences
 
17-18 September 2014, Amman, Jordan
 
22-24 September, Dubai, UAE
 
12-14 October 2014, Abu Dhabi, UAE

14-15 October 2014, Riyadh

10-11 November 2014, Doha, Qatar

17-18 November 2014, Doha, Qatar

17-19 November, Dubai, UAE

1-3 December, Riyadh, Saudi Arabia
 
21-24 January, Abu Dhabi, UAE

2-4 March 2015, Dubai, UAE

13-14 May, Dubai, UAE
 
14-16 September 2015, Dubai, UAE
 
CEBC  members are entitled to discounts on the above events.  Please email 
sarah@cleanenergybusinesscouncil.com for the discount codes.
CEBC Membership & Special Offers

Join Clean Energy Business Council
For information on our membership packages please click here or contact sarah@cleanenergybusinesscouncil.com to find out how to join.  To see our members directory please click here.

CEBC Members' Offers
CSP Today Markets Reports 2015 | CSP Today  
20% discount for CEBC Members
The CSP industry has witnessed an exhilarating series of developments over the last few years. While emerging markets like South Africa and Morocco continue to advance, others, such as the UAE and Saudi Arabia, are progressing at a slower-than-expected pace.  At the same time, confidence is growing in CSP technologies, as evident from the large-scale installations that recently came online in the USA - an established market that is quickly saturating. Please contact sarah@cleanenergybusinesscouncil.com for the discount code[Read more]

 

Global Solar Power Market Report | Frost & Sullivan 

40% discount for CEBC Members  

Frost & Sullivan estimates that global solar market revenues will grow between 2014 and 2020 despite the economic uncertainty in the global markets. A number of government sponsored initiatives are expected to boost the proportion of energy coming from 'green sources' and political willingness will also be a key driver of this market. This study includes an in-depth analysis of the solar power market with a specific focus on regions, applications, end users, and technology. This research service provides the description and analysis of the global solar power market at the top-level, as well as the regional market level.  Study Period: 2010-2020 / 

Base Year: 2013 / Forecast Period: 2014-2020. Please contact abhayb@frost.com.

 

BGreen Magazine | Discounted Advertising  

50% discount for CEBC Members
BGreen is the region's leading publication entirely focused on Sustainability.  Its coverage, especially on Green Building, has led to various awards and the official endorsement of Dubai Municipality and Masdar. BGreen is delighted to offer 50% off any full page or double page advertisements for CEBC members provided 3 or more are purchased.  This means that the rate card price for a full page of $7,900 would be reduced to $3,950.  For more information please contact sarah@cleanenergybusinesscouncil.com.

Kind regards,

Sarah Fitzgerald
Marketing & Communications Manager
m:  +971 56 659 1153
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