The UAE is on the verge of a solar panel tipping point, according to a leading solar technology expert at this week’s 45th edition of Middle East Energy, previously known as Middle East Electricity, the global energy platform taking place at Dubai World Trade Centre (DWTC).
Dr. Hamidreza Peshevar, the Quality & Technology Director of Noor Solar Technology, a subsidiary of Bahmani Group, the UAE-based manufacturing and industrial technology leader, believes next-generation “efficient luxury” PV solar modules are poised to take centre-stage on building facades across the Emirates and beyond, simultaneously ending the tradition of solar power solutions being placed out of sight on rooftops.
“We want to encourage architects, developers and homeowners to incorporate renewable power generation solutions into their projects, but it will only work if banks and financial institutions collaborate across the supply chain to ease the cost of initial installation,” said Dr. Peshevar.
Noor Solar Technology currently produces a nine-strong range of next-generation PV solar module options in different patterns, colours and thickness. Leveraging the extensive research and development efforts at its giant factory in Dubai Investment Park, one of the nine module options is a bifacial, or two-sided, panel where the non-sun facing side generates power from secondary reflections bouncing off its sun-facing side.
Despite the new wave of solutions, the cost of a next-generation module system currently equates to approximately four a half years of traditional power bills in a single investment at the point of installation. Dr. Peshevar insists cross-sector collaboration and ease of access are essential to increase adoption of sustainable solutions with no regular monthly cost once in place.
“Solar module technology has come a long way, although our principal challenge is still the expensive initial installation cost exceeding that of traditional power sources. There is a capital investment requirement where manufacturers need the support of banks and financial institutions; our challenge is making them realise and understand these bankable projects,” said Dr. Peshevar. “We need a construction sector leader to jump on the wave, because once one is on-board the others will follow.”
Noor Solar Technology is one of thousands of industry breakthroughs on display at DWTC this week. Featuring more than 1,100 exhibitors from 130-plus countries, Middle East Energy is held under the patronage of HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Dubai Deputy Ruler and is hosted by the UAE Ministry of Energy.
Middle East Energy is open daily from 10-6pm until March 5, 2020. Following a partnership between the event organiser Informa Markets and Dubai Expo 2020, Middle East Energy visitors can purchase Expo 2020 tickets at this week’s show. A range of Informa Markets exhibitions will be held as part of the Expo 2020 experience. For more information, visit www.middleeastenergy.com
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
