MENA Clean Energy Month in Review 
CEBC News

Roundup by the GM
This month has seen another world first for the UAE with Dubai Electricity & Water Authority (DEWA) receiving a world record-low bid of 2.99 cents/kWh for the 800 MW third phase of its 5 GW Mohammed bin Rashid Al-Maktoum solar project, announced on May 2.  The lowest bid was submitted by a consortium led by Abdul Latif Jameel of Saudi Arabia, Fotowatio Renewable Ventures (FRV) of Spain and Masdar of the United Arab Emirates.

The announcement also contributed to engaging discussions and dialogue during CEBC's regional conference on Project Financing for Clean Energy held on 3 May in Dubai which was attended by more than 150 industry stakeholders.

CEBC's Board Election took place in April with a new board elected by the membership.  Further details are below and we look forward to welcoming you to a Members Only breakfast in the coming weeks to meet the incoming board, share ideas and hear your vision for CEBC and its board for the coming term. 

Next on the CEBC event calendar is the third instalment in the WICE Leadership Series which will focus on Leaders in the Power & Utilities Sector taking place in Abu Dhabi on 30 May.  The Egypt Chapter will also host its inaugural women's event later this month featuring guest speakers from both the government and private sector, and CEBC will be actively participating in the upcoming MENASOL conference looking forward to insightful panel discussions and side events as well as the announcement of the winners of the MENASOL Awards for 2016.

We look forward to seeing you at our upcoming events and wish you a great month ahead.
 
Sarah Fitzgerald
General Manager

CEBC Appoints New Board
During the month of April CEBC held its election to determine a new board for the next three year term.  Elected by the membership we are pleased to announce the following members to the CEBC Board of Directors: H.E. Dr. Nasser Saidi, Farid Al Khoury, Director, Itron Middle East, Sharath Coorg, Executive Manager Acquisitions & Project Finance, Acwa Power,   Florence Fontani, Head of Strategy & Communication, ENGIE, Alp Karli, VP Investments, Adenium Energy Capital, Mhairi Main Garcia, Counsel, Ashurst, Dr Mazen Zein, GM Qatar & Bahrain, Schneider Electric and Daniel Zywietz, Founder & CEO, Enerwhere.



Project Financing for Deployment of Clean & Renewable Energy in MENA
On 3 May CEBC hosted a regional conference on Project Financing for Clean and Renewable Energy which provided in-depth insight and analysis of project financing structures, legal and contractual compositions and regulatory and policy frameworks to facilitate project financing. Industry leaders shared the latest developments in financial and energy innovations, case studies and lessons learned, and how to make projects bankable in the MENA region while addressing the risks and barriers of renewable energy investment. CEBC thanks sponsors   NBAD, Ashurst and Schneider Electric  for their generosity  and support and to all of our speakers for sharing their expertise and experience.

ENGIE Innovation Day - 1 June, Dubai
ENGIE is organizing an  Innovation Week  worldwide and on 1st of June the Group's regional HQ in Dubai will host an  Innovation Day  in its offices  which will be a  Marketplace for a selected group of UAE-based  startups, innovators and researchers to present their projects. A call for for participants  has been launched on ENGIE's Open Innovation web platform  openinnovation-engie.comThis is a unique opportunity to  present your solutions  during an event focused on Innovation, aiming to bring together all kinds of stakeholders from Dubai authorities, ENGIE executives, energy, business and innovation networks.   Deadline for applications is  15 May 2016 at noon . Apply Online



UAE Can Become the Clean Energy Finance Capital of the World | Arabian Business
The UAE can become the clean energy finance capital of the world, according to Dr Nasser Saidi, former chief economist of the Dubai International Financial Centre (DIFC), and chairman of the Clean Energy Business Council (CEBC).   Saidi said that UAE's capital markets could "own the clean energy finance space" and in doing so, demonstrate global leadership in impact investments. [Read article]
Cheap Oil's Silver Lining for the Gulf
In June 2014, a barrel of Brent crude - the main benchmark of the international oil market - sold for $115. Today, less than two years later, the price is $45 - or even less. Not surprisingly, that collapse has been a massive shock to Saudi Arabia and the Gulf oil sheikhdoms, which rely on oil for some  85% of their revenues . And what they need to realize is that, unlike past price declines, this one will not be transitory. [Read more]


CEBC School's Program: Greenhouse Gas Audit Competition 
CEBC is currently running a Greenhouse Gas Audit Competition for participating schools to measure and reduce their carbon footprint.  In partnership with   V4 Advisor s  the winning school will be announced in June and will receive a 1KW on-grid solar system generously provided and installed by Tanweer Solar Energy worth AED20,000.  To get involved please email  Sarah De Clercq declercq@cleanenergybusinesscouncil.com .

New Members
                                                                            


CEBC Events

WICE Leadership Series: Leaders in Power & Utilities
Breakfast Briefing
Date:
Time:
Venue:
30 May 2016
9:30am to 11:30am
Abu Dhabi

Clean Energy Business Council  in collaboration with   EY  brings this third instalment in the WICE Leadership Series centred on Leaders in Power and Utilities with a focus  on clean and renewable energy. Featuring guest speakers from the public and private sectors, and moderated by energy correspondent, LeAnne Graves the event will discuss topics such as what defines a good leader, career advancement, t he key role that women leaders play in accelerating the transition to a cleaner energy future, opportunities for empowering women in the power, utilities and renewable energy fields and will provide i nsights into key energy trends and skills for professional development.  Men and Women are invited to join us for what promises to be a morning of insightful, lively and stimulating discussions.  To register please email  sarah@cleanenergybusinesscouncil.com .

Organised by

Sponsor
Supported By


Members Only Breakfast
Informal Networking and Meet the Incoming CEBC Board
Date:
Venue:
May
TBA

CEBC welcomes you to join us for an informal and relaxed breakfast to network with members and colleagues and meet the newly elected Board of Directors.  This is a great opportunity to share ideas and concepts and hear your vision for CEBC and its board for the coming term.  For Members Only and details will be announced shortly.  

Emerging Renewables Markets: Doing Clean Energy Business in Iran
Conference
Date:
Time:
Venue:
November 2016
08:30am to 4:00pm
Dubai, UAE

Reports and Publications
Boosting Biofuels: Sustainable Paths to Greater Energy Security
Substantial potential exists to expand both food and fuel supply in a sustainable fashion. This report examines sustainable paths for biofuel development. How much of the world's theoretical bioenergy potential can practically be harnessed? Amid great uncertainties about land use, crop yields and costs for biofuel conversion, it is hard to know.  However, policies that encourage higher farm yields, promote sustainable forestry and foster cost-effective conversion technologies will all help to boost sustainable biofuel production. This, in turn, will enhance global energy security, boost economic development and help to limit global climate change.   [Download Report]


A Bright Future for Solar Power in the Middle East | Stratfor
Deserts are seemingly obvious places to locate solar technology. In fact, the swath of desert stretching from the Atlantic Ocean, across North Africa and the Arabian Peninsula, to the Persian Gulf has vast solar potential. But until recently it has not been economically feasible, or even necessary, to develop the renewable resource. In many areas, geographic constraints such as rough terrain have made solar projects impractical.  [Read more]


The Mercatus Global Advanced Energy Insight Report - Volume IV is compiled to provide energy producers with key insight into conditions and trends that are emerging in the advanced energy power generation market. The following information is based on data consolidated on projects in development processed in Mercatus during 2015 and includes insight into outlooks and forecasts into new power generation capacity, global investment into emerging markets and much more. [Download Report] 
Renewable Capacity Statistics 2016
IRENA produces comprehensive renewable energy statistics on a range of topics. This publication presents renewable power generation capacity statistics for the last decade (2006-2015). Renewable power generation capacity is measured as the maximum net generating capacity of power plants and other installations that use renewable energy sources to produce electricity. For most countries and technologies, the data reflects the capacity installed and connected at the end of the calendar year. [Download Report]


CEBC Members & Partners News

First Solar, Enel and EDF among elite bidders for Abu Dhabi solar project
First Solar, Enel and EDF are among the elite group of developers approved to bid for Abu Dhabi's  new solar plantAbu Dhabi Water and Electricity Authority (Adwea) has pre-qualified 34 companies for its 350-megawatt photovoltaic (PV) park in Sweihan, without disclosing in which of the three bidding categories the companies had each been listed.  [Read more]

How much can be achieved in a decade? The Masdar plan 10 years on
How much can be achieved in a decade? In April 2006, the government of Abu Dhabi announced the launch of a project that was designed to spearhead its transition away from fossil fuels, while simultaneously diversifying its economy and maintaining its position of influence in an energy market that had started to look beyond oil.
"Abu Dhabi is a global leader in the production of energy and the Masdar Initiative   [Read more]

Noor II and Noor III eye cost savings from site integration
With similar timeframes and a shared site, the Noor II and Noor III CSP projects in Morocco's Noor Ouarzazate Solar Complex are expected to gain from multiple synergies during both construction and operations, Badis Derradji, ACWA Power's managing director for Morocco, told CSP Today.  [Read more]

Households in the UAE can save up to Dh2,500 a year on utility bills if they switch to energy efficient lighting, according to the Sustainable Lighting Initiative.  EWS-WWF and Emirates Green Building Council [Read more]

Abu Dhabi supports renewables with new funds
Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency on Tuesday signed an agreement to expand ADFD's seven-year, $350m pledge to implement renewable energy projects around the world. [Read more]

Much has already been said about the potential for the Kingdom of Saudi Arabia to harness the power of solar energy. In the years that I've been in the solar energy industry, rarely a conference goes by that does not have a segment dedicated to talking about the country and how renewable energy must be factored into its future. First Solar  [Read more]

Middle East's global cost advantage hinges on debt pricing
Future reductions in the Levelized Cost of Electricity (LCOE) of PV plants in Middle East and North Africa will require competitive financing sources and larger capacity projects, industry leaders told PV Insider. "Jordan's round two had tariffs within 10% of the DEWA project - the lowest was $61.3/MWh for a 50 MW project and represented a 50% reduction over round one," said Tim Armsby, head of energy & infrastructure for the Middle East and partner at international law firm Eversheds. [Read more]

SUMMIT 2016 - Will the future of energy have four corners? | Bloomberg New Energy Finance
The U.S. Constitution famously is a three-cornered thing: executive, legislature and judiciary. So, arguably, is modern life - work, leisure, sleep - although some people might add a fourth (exercising thumb with mobile phone). How many corners does the future of energy have?.   [Read more]

IoT powered smart cities that converge operational technology with information technology (IT) can provide energy optimization and improve citizen services through analytics, real-time data management and intelligence capabilities. Built around this concept, Schneider Electric's fourth 'Power to the Cloud' was held recently at the Dubai Convention and Exhibition Centre as the largest regional event of its kind focused on smart cities.   [Read more]

MENA Clean Energy News

Costs tumble as Dubai's Mohammed bin Rashid Al Maktoum Solar Park sets the mark
The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site project to generate electricity from solar energy in the world, with a planned capacity of 5,000 megawatts - enough to power 800,000 homes - by 2030 and a total investment of Dh50 billion, according to Saeed Al Tayer, the managing director and chief executive of the Dubai Electricity and Water Authority. DEWA  has received five bids for the park's 800MW third phase, with the lowest at 2.99 US cents per kilowatt hour (kWh).   [Read more]

Challenges to UAE solar power remain, but it still makes sense
In a country with the world's seventh largest proven oil and natural gas reserves, and with predictions that Abu Dhabi's oil supplies can last beyond anĀ­other 100 years, the UAE's current focus on renewable and sustainable power may seem puzzling at first glance.  But in such a fast-growing and energy-hungry country, planning for the future and looking for alternatives make sense from a business and environmental perspective.  [Read more]

Solar desalination plant to open in Dubai
The first solar powered desalination plant in Dubai with a capacity of 50 cubic meters per day is expected to be launched later this month, a senior executive at Dubai Electricity and Water Authority (DEWA) has revealed. [ Read more]

Chinese Firm to Build Solar Power Plants in Iran
China's Shanxi International Energy Group (SIEG) has agreed to invest in a major project to construct photovoltaic power stations across Iran. In a recent meeting with high-ranking officials of Renewable Energy Organization of Iran, the Chinese company voiced its readiness to construct a number of photovoltaic power stations in the Islamic Republic with a total capacity to produce 600 megawatts of electricity.  [Read more]

Robin Mills: Saudi Vision 2030 has the right intentions that needs an honest resolve
Malaysia has done it. Norway has done it. Chile has done it. But can the ambitious Saudi Vision 2030 match the same achievement - turning abundance of natural resources into a diversified and robust economy?  [Read more] 
 
Masdar completes clean energy projects in Egypt
Abu Dhabi's Masdar has completed four clean energy projects as well as thousands of solar home systems in remote areas across Egypt.  More than 25,000 homes will be powered by 30 megawatts of utility-scale projects, including a 14 megawatts project that houses four solar photovoltaic (PV) diesel hybrid plants [Read more]

German companies eye 1GW Oman solar project
A group of German investors intends to build a 1-GW solar power complex in Duqm, central-eastern Oman, a senior official from one of the firms told the Times of Oman.    [Read more]

Saudi Arabia targets 9.5 GW renewables; US to exchange project data
Saudi Arabia has set a target of 9.5 GW of solar and wind power by 2030, according to the Kingdom's Vision 2030 plan announced on April 25.    [Read more]

Middle East oil extraction seen as next big market for CSP
Low crude oil prices have driven oilfield operators to consider CSP enhanced oil recovery (EOR) as a way of reducing production costs, John O'Donnell, vice president of business development at GlassPoint Solar, told CSP Today.    [Read more]

RAED KHADER, a Jordanian driver, has an alarming habit of thumbing his mobile phone while at the wheel-albeit on a straight road cutting across the desert. But after scrolling back through almost two years of photos, he finds a picture that tickles him: of camels against a sandy backdrop. Today that same spot outside Ma'an, a poverty-stricken city in south Jordan, is crawling with workers in the final stages of installing five square kilometres (almost two square miles) of solar panels.   [Read more]

Industry Events and Conferences

Oman Energy & Water
23-25 May 2016, Muscat, Oman


25-26 May 2016, Dubai, UAE

Inter solar Middle East
19-21 September 2016, Dubai, UAE


Dubai Solar Show
4-6 October 2016, Dubai, UAE



CEBC  members are entitled to discounts on the above events.  For the discount codes please email 
Join the CEBC Membership

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

Kind regards,

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

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