MENA Clean Energy in Review - January 2015 
CEBC News

Monthly roundup from our CEO
Welcome to the new year.  2014 ended on a strong note for CEBC with our Annual Conference. More than ever before, the tone was positive for clean energy development and the smart energy market in the region with new discussions around solar desalination and direct sales to the private sector of renewable energy in the region. As expected, there was particular excitement around the Egyptian market but there was also a good discussion about the future for partnerships between fossil fuels and renewables. For those of you that missed the event, you can see some coverage from Dubai One TV news below. The day of the conference was additionally marked by the ground-breaking announcement that ACWA power had bid an unprecedented 5.98 US cents per kilowatt hour (kWh) for the 100 megawatt (MW) second phase of the Mohammed bin Rashid Al Maktoum solar park, trumping the previous lows in Brazil and India at 8 and 9 cents. ACWA admitted at the conference that their low cost of financing would have been key to their delivery of such an astonishing figure.

Looking forward to 2015, we are all focused on WFES this month which runs from 19-22 January at ADNEC in Abu Dhabi. CEBC has four events throughout the week and for details please see our website.

Looking forward to an interesting and productive 12 months ahead for the Clean Energy Industry.
Chief Executive Officer
Clean Energy Business Council



TV Dubai One Emirates Business News Special Feature | Renewable Energy & the
Role of Fossil Fuels
See coverage of CEBC's Annual MENA Clean Energy Forum which took place on 1 December in Dubai. Companies Interviewed include Mounir Bouaziz,  CEO,  Shell, Daniel Zywietz,  Vice ChairmanClean Energy Business Council and Luis Torres,  Managing Director of Market Development & Policy in EMEA  Sunpower.
[Watch the video]


Special Report - Green Sukuk: The race to be first | Islamic Finance News
One of the largest barriers to large-scale clean energy deployment is access to capital and investment.  Limiting temperature rise to 2 degrees globally will require an additional US$44 trillion in clean energy investment between now and 2050, according to the International Energy Agency.  Energy efficiency has stimulated even less investor appetite than clean energy projects, given the perceived complexities of measuring energy saved as opposed to energy generated.  Alice Cowman, Lee Irvine and Michael Grifferty discuss the role Islamic debt can play in encouraging the growth of the sector.  [Read the article]



MENA Renewable Energy Projects & News Updates
CEBC has added an additional feature to our website - daily updates on renewable energy projects taking place in MENA, along with regional news. Data will be updated each day and you can access the  information here.


New CEBC  Members
Design Lounge Interior Design
Offshore Energy Development Company (OEDC)
Phanes Group
Smart4Power


CEBC's 3rd Annual MENA Clean Energy Forum December 2014
CEBC held its Annual MENA Clean Energy Forum for the 3rd consecutive year, and we would like to thank all of our guest speakers and panelists for helping to make the conference such an engaging, informative and successful day. The presentations are available on our website. [Download presentations]



CEBC Events

United Arab Emirates: The Future of Smarter Energy
Breakfast Event - Thought Leadership Round Table
Date:
Time:
Venue:
Cost:
21 January 2015
07:30am - 10:30am
Hyatt Capital Gate Hotel (beside ADNEC)
Free

The Clean Energy Business Council in partnership with  Schneider Electric welcomes you to join us at this thought leadership high-level roundtable breakfast event featuring guest speakers from UAE government agencies.

The United Arab Emirates with its modern infrastructure and commitment to technology, is in a perfect position to innovate its way to develop the world's smartest cities.  However, to make cities smart, they must implement a smarter energy system to supply, produce and manage energy more effectively in the coming years.  Recognising that no one place has the same energy needs and challenges, projects for smart energy will need to be tailored to the UAE's specific circumstances keeping in mind the opportunities and challenges that the local ecosystem provides.

Key Participants:
Michel Crochon, EVP - Strategy & Innovation and Member of the Executive Committee, Schneider Electric
Charbel Aoun, President - Smart Cities, Schneider Electric
Benoit Dubarle, Country President UAE, Oman & Pakistan, Schneider Electric
Dr. Mazen Zein, Director Smart Cities & Strategy, Gulf, Schneider Electric

Spaces are limited,  so please follow the link below to register your interest.  If you have any questions please contact sarah@cleanenergybusinesscouncil.com.


Is Clean Energy Really Happening in MENA? 

CEBC's Solar & Clean Energy Map

Date:
Time:
Venue:
Cost:
19 January 2015
2:50pm - 3:30pm
World Future Energy Summit, ADNEC, Abu Dhabi, Project & Finance Village, Hall 10
Free

 

Find out where and how many solar projects are happening in the GCC with CEBC's Vice Chairman and his review of our clean energy map. This is the most detailed and comprehensive database in the GCC including everything from solar rooftop to utility scale projects. 

 

Speakers:     

Daniel Zywietz, CEO, Enerwhere and Vice ChairClean Energy Business Council

Damoon Moin, Regional Director Middle East & North AfricaYingli Solar

 

 

 

 

Launch of EY MENA Cleantech Survey Report 2014 (at WFES)

How to think differently

Date:
Time:
Venue:
Cost:
20 January 2015
11:10am - 11:50am
World Future Energy Summit, ADNEC, Abu Dhabi, Project & Finance Village, Hall 10
Free

 

EY's Cleantech Leader, Nimer Abu Ali will present the key findings from the fourth Middle East and North Africa (MENA) Cleantech Survey Report in collaboration with the Clean Energy Business Council (CEBC). The survey gauges the sentiment of C-suite industry experts, identifies the key market drivers and provides a valuable assessment of the Cleantech market in the MENA region. Nimer will share useful insights on the views of Cleantech stakeholders across MENA and the opportunities and challenges for clean energy development.

 

Speaker:  Nimer AbuAli, C leantech Leader EY, Middle East and North Africa,  EY





Green Sukuk and Financing Sustainable Energy Solutions in MENA

Series 2

Date:
Time:
Venue:
Cost:
20 January 2015
12:00pm - 1:00pm
World Future Energy Summit, ADNEC, Abu Dhabi, Project & Finance Village, Hall 10
Free

 

Dubai is considering 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. The  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 this interactive seminar will discuss sustainable energy financing in MENA, and new ways of thinking about finance and capital.

 

Speakers:

Taher Diab, Director Strategy & Planning/Secretary General EEA, Dubai Supreme Council of Energy

Lee Irvine, Senior Associate, Latham & Watkins

Martin Haupts, Managing Director, Phanes Group

Moderator: Jeremy Crane, Chief Operating OfficerAdenium Capital

 

Reports and Publications
World Energy Outlook 2014 Fact Sheet | International Energy Agency (IEA)    
The International Energy Agency has released this year's World Energy Outlook, which predicts ongoing growth in solar and other renewable energies in both the developed and developing world. However, other experts say the organization's findings are still overly conservative.  [ Download the factsheet ]

Renewable Energy & Jobs:  Annual Review 2014 | IRENA  

As the slow recovery in the global economy fails to invigorate labour markets, job creation has come to the forefront of policy debate and countries' strategic choices. While the potential of renewable energy to create jobs is widely recognised, further analysis is required to understand its full benefits. 

[Download report] 




The Energy System in 2014 - Did the Ice Really Crack? | Michael Liebreich, Chairman, The Advisory Board Bloomberg New Energy Finance
For my '10 Predictions' VIP Comment Article in January, I used a metaphor borrowed from the end of winter in Russia, talking of cracking ice on the River Neva in St Petersburgh.  I pointed out that systemic change, like the breaking-up and melting of the ice on a  river, can begin below the surface and become obvious only quite late in the process.  I was confident at the start of the year, forecasting that 2014 would be a "year of cracking ice" as the old energy system (centralised, fossil-fuel dominated, geopolitically and environmentally unsustainable) comes under increasing pressure from the forces of change. [Read more] 






Taxing Fossil Fuels under Speculative Storage  | IMF Working Paper

This paper formulates and solves a dynamic stochastic general equilibrium (DSGE) model with nominal rigidities and an energy market (with exhaustible and renewable resources), where government implements tax policies to discourage fossil fuel usage. One distinctive feature of the model, which should perhaps be emphasized in advance, is the existence of a fossil fuel storage facility that allows for speculation[Download paper]



Green Sukuk: Financing the Gulf Region's Renewable Energy Infrastructure
In this lw.com interview Latham & Watkins partner Harj Rai and associate Lee Irvine discuss how an issuance of green sukuk would allow Islamic investors, for the first time, access to ethical and socially responsible investments.   







Fossil Fuel Divestment: Slippery Transition or Financial Shock? | Bloomberg New Energy Finance

Market economies have two, apparently contradictory, characteristics. One is the ability to prosper despite periods of hectic transition. The other is to slip on banana skins on a regular basis. Frequently, those banana skins can be spotted in advance but the markets slip on them anyway. During the course of 2014, a view has begun to take hold that the current configuration of the energy sector may be a sizeable banana skin, waiting to ambush the world economy. At best, the crash is a decade or so away, say proponents of this view, at worst, it may already be right under our feet.  [Read more]











Green bond performance index launched   

Barclays and financial adviser MSCI have launched a set of indices to enable investors to track the performance of green bonds. The pair last week launched the Barclays MSCI Green Bond Index family, which it has set up to measure the performance of fixed income securities issued to fund projects with direct environmental benefits, including renewable energy schemes. The performance of bonds is based on an evaluation of how the bond proceeds are used; an evaluation of the projects invested in; how proceeds are managed; and reporting. 

[Download Index factsheet]







Distribution Management: Planning for Tomorrow, Preparing for Today

Over the last decade, distributed energy resources (DERs) have created a new layer of complexity to the increasingly varied and unconnected web of software suites used to monitor and control the distribution grid. As-built modeling and power flow analysis are no longer robust enough to enable utilities to ensure the safe and efficient operation of the electric grid. To cope with this coming reality, utilities will have to adopt enhanced and integrated control software. Dynamic advanced distribution management systems (ADMS) will be at the core of this software suite enabling a more flexible, stable, efficient, and clean distribution grid.  

[Download Free Report]




Bridging IT and OT: Transforming Smart Utilities | Greentech Media Research  

To take advantage of a new generation of connectivity and real-time data, utilities need a new architecture that can seamlessly integrate data from operational technology (OT) systems with their back-end information technology (IT) counterparts. This alignment between IT and OT systems represents a step change in operational efficiency and is a foundational element of business growth. Addressing the opportunity for IT-OT alignment, MachineShop offers a service-based solution architecture that can manage high volumes of data, more effectively move data between systems, and support multiple proprietary devices and systems that feed critical financial, customer and other corporate decision-making processes within the utilities market.   [Download Free Report]







Advanced Energy Technologies For Greenhouse Gas Reduction:40 Solutions for Cutting Carbon Emissions from Electricty Generation

EPA's regulation of carbon emissions provides an opportunity to modernize the U.S. electric power system for the 21st century. Advanced energy technologies and services of all sorts reduce carbon emissions and improve the electric power system at the same time. AEE's Advanced Energy Technologies for Greenhouse Gas Reduction provides details on the use, application, and benefits of 40 specific advanced energy technologies and services. By incorporating these and other advanced energy technologies into their plans, states can not only meet carbon reduction goals but also improve the efficiency, resiliency, and cost effectiveness of service provided by electric utilities.  [Download Free Report]



 

Clean Energy News

Renewables need not fear falling oil prices | Robin Mills, The National
"The use of solar energy has not been opened up because the oil industry does not own the sun," said the US consumer advocate Ralph Nader and one-time presidential candidate back in 1980. Now, falling prices for both oil and solar panels may put his theory to the test. Brent oil prices reached US$56 per barrel on Friday. By comparison, Acwa Power's astonishingly low bid for the second phase of the Sheikh Mohammed bin Rashid solar park in Dubai would equate to a conventional power plant burning oil priced at less than $20 per barrel. [Read more]

Solar Power Picking Up Pace | The National

DUBAI // Experts have welcomed a new ruling that will allow residents to install solar panels on the roofs of their homes and businesses and sell the energy generated back to the emirate's power grid. [Read more]


Solar energy initiative for homes to be implemented in Q1 2015 | Egypt Daily News

National Bank of Egypt (NBE) and Banque Misr participate in initiative to finance solar stations to produce electricity for homes. Almanzlaoy said that the National Bank of Egypt (NBE) and Banque Misr participated in an initiative to finance such rooftop solar stations. Citizens who want to obtain solar power unit can get a concessional loan in accordance with a tripartite contract between banks, state-owned electricity companies and the EBA. [Read more]

 

Saudi Arabia consumes 3.3m of desalinated water | Saudi Gazette

JEDDAH  - Saudi Arabia consumes an estimated 3.3 million of desalinated water per day from plants powered by 1.5 million barrels of oil per day, according to an expert. Dr. Raed Bkayrat, Vice President for the Kingdom at First Solar, said: "To meet the rising water demands in a region that is typically arid, governments have turned to large scale desalination and wastewater treatment.  [Read more]


Saudi Solar-Gas Power Plant to Be Built Near Red Sea: Report | Bloomberg

Saudi Electricity Co. (SECO), the country's state-owned power utility, will build a 50-megawatt solar power plant and 550-megawatt natural gas power plant for more than 4.5 billion riyals ($1.2 billion) in western Saudi Arabia, according to a report. [Read more]


Oil price plunge and clean energy - The real impact | Bloomberg New Energy Finance

The 45% fall in oil prices is being portrayed as a big blow to clean energy deployment. In fact, its impact will vary by sector and region, but will be modest in major electricity markets where renewables compete with gas and coal, and benefit from stable policy support. [Read more]

 

Electricity and water price increase in Abu Dhabi should increase efficiency, experts say | The National

ABU DHABI // The energy and water price hikes that will come into effect in Abu Dhabi next year should lead to a reduction in consumption and an increase in efficiency, experts said yesterday. The Regulation and Supervision Bureau announced the tariff increase on Wednesday, in collaboration with Abu Dhabi Distribution Company and Al Ain Distribution Company. It will come into effect on January 1. [Read more]


Morocco raises fund for advanced phases of Noor Ourzazate solar project

The Moroccan Agency for Solar Energy (Masen) has raised $2 billion (1.7 billion euros) to finance the next phase of solar energy projects Noor 2 and Noor 3 in Ouarzazate. The project is according to government's strategy of using concentrated solar power technology. [Read more]


MENA region capitalises on one of its greatest assets | PV Insider

The last 12 months may have been the busiest ever for solar PV in the Middle East and North Africa (MENA). We take a closer look at how much has been accomplished and what it all signals for 2015.  [Read more]


Falling oil prices will not bother solar

Saudi Arabia, the world's largest oil exporter and OPEC's most influential member could potentially support global oil prices by cutting back its own production, but so far there has been no sign of this. The primary reason is said to be to put the US's flourishing shale oil and gas industry on the back foot. [Read more]
 

Top 6 ways we'll beat climate change - Number 1 surprise you!

The world has set a goal of limiting global warming to 2�C by 2020.  That's the most optimistic outcome that climate scientists have envisioned, and it is, in a nutshell, the climate change challenge.  The International Energy Agency has laid out the solutions that we (the world) will use to reach this goal in its seminal report, Energy Technology perspectives.  In this document, the IEA describes, on a proportional basis, exactly what technologies we will use to reach our 2�C goal.  The bad news is that we're falling behind on our schedule - the good is that all of the technologies described are available today and just need to have the right funding and international will applied to accelerate their deployment. In this list, the climate change solutions are ordered by the proportion required for each solution in a least-cost scenario, with the most effective solution listed last - here we go, on to the list. [Read more]


Job Listings

BMS Specialist
Company:
Location
Smart4Power
Dubai:

Smart4Power has an immediate opening for a qualified BMS specialist. The BMS Specialist will join our dynamic and fast-growing team to help us deliver energy efficiency solutions to the UAE building sector. Interested applicants should submit their CVs to info@smart4power.com. We will then contact qualified candidates for interviews. The position is open until filled. [Read more]


PV International Project Manager PV / Investments (Associate Level)

Company:
Location:
Phanes Group
Dubai with occasional travel

Phanes Group is an integrated solar energy developer and investment manager with offices in Switzerland and Dubai. Phanes Group has substantial experience in Capital Markets and renewable project development, project management, risk management and asset construction. Phanes target selected, attractive geographical markets and segments (e.g. rooftops) in the EMEA region, and get involved in an early project stage taking a holistic approach by covering the development, project management and Capital Market side of a solar project. [Read more]

 

Project Manager POWERful Women

Company:
Location:
The Energy Institute
United Kingdom

POWERful Women (PfW) is a professional cross-sector initiative founded by Baroness Verma and Laura Sandys MP. It exists to encourage the energy industry to develop and rebalance its workforce, and in doing so, seeks to advance the professional growth and leadership development of women across the UK's energy sector. The Energy Institute is a main partner that manages the PfW secretariat  and supports the mentoring programme. 

[Read more]

 

Industry Events and Conferences
 
21-24 January, Abu Dhabi, UAE

9-11 February 2015, Amman, Jordan

25-27 February, Casablanca, Morocco

2-4 March 2015, Dubai, UAE

24 -25 March 2015, Doha, Qatar

13-14 May, Dubai, UAE
 
19-21 March 2015, Muscat, Oman

25-26 March 2015, Dubai, UAE

21-23 April 2015, 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.  To see our members directory please click here or contact sarah@cleanenergybusinesscouncil.com to find out how to join. 

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 





Kind regards,

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