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MENA Clean Energy in Review - January 2015
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CEBC News
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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
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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 Chairman,
Clean Energy Business Council and Luis Torres,
Managing Director of Market Development & Policy in EMEA
Sunpower.
[Watch the video]
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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]
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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.
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New CEBC Members
Design Lounge Interior Design
Offshore Energy Development Company (OEDC)
Phanes Group
Smart4Power |
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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]
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CEBC Events
United Arab Emirates: The Future of Smarter Energy
Breakfast Event - Thought Leadership Round Table
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 [email protected].
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 Chair, Clean Energy Business Council
Damoon Moin, Regional Director Middle East & North Africa, Yingli Solar
Launch of EY MENA Cleantech Survey Report 2014 (at WFES)
How to think differently
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Date:
Time:
Venue:
Cost:
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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
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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 Officer, Adenium Capital
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Reports and Publications
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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
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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]
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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]
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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]
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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.
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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] |
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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] |
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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] |
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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] |
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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] |
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Job Listings
BMS Specialist
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Company:
Location
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Smart4Power
Dubai:
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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 [email protected]. We will then contact qualified candidates for interviews. The position is open until filled. [Read more]
PV International Project Manager PV / Investments (Associate Level)
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Company:
Location:
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Phanes Group
Dubai with occasional travel
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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
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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] |
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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
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CEBC Membership & Special Offers
Join Clean Energy Business Council
CEBC Members' Offers
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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
[email protected]
for the
discount code.
[Read more]
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| 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 /
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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
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Kind regards,
Sarah Fitzgerald
Marketing & Communications Director
m: +971 56 659 1153
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Founding Members
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Partner Organizations
Media Partners
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