United Arab Emirates looks to sun for energy
April 16, 2007
Source:
http://www.fin24.co.za/articles/companies/display_article.aspx?Nav=ns&lvl2=comp&ArticleID=1518-1783_2099331
Abu Dhabi – The United Arab Emirates is still sitting on huge reserves of oil and natural gas, but now it plans to harness yet another of its abundant natural resources – the year-round sunshine. In the vast desert surrounding the capital Abu Dhabi, the authorities are planning to spread arrays of solar panels to transform the blazing sun into energy.
The plan may be expensive, but the handsome surpluses currently earned from oil revenues can cover the cost. “In the UAE today we do not suffer from a lack of energy security, but we never want to suffer from it,” said Sultan al-Jaber, chief executive officer of the Abu Dhabi Future Energy Company (Adfec). “We are thinking ahead of ourselves,” he told AFP as he explained Adfec’s initiative to develop alternative energy – branded Masdar, or “source” in Arabic.
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