Creating a viable solar market

Dr. Michael Krämer discusses ways to develop a solar investment scheme that suits the needs of the Gulf region.

The Gulf region is blessed with infinite amounts of solar energy. In theory, there is hardly any need to generate energy from other sources. There are, of course, a number of stumbling blocks that will need to be overcome, but tapping into the vast supply of solar energy that is freely available to us here in the Gulf does not have to remain a romantic vision.

Dubai has just announced its plans for the Mohamed Bin Rashid Al Maktoum Solar Park, which is supposed to have a total capacity of 1 giga watt (GW) once completed in 2030. While this is a great start to a better and cleaner future, it should be considered a starting point and not the final solution. Putting things into perspective, 1GW of solar capacity is an amount that more densely populated countries with incentive schemes for solar energy generation install on average in just one month!

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Lawyers Dr Michael Krämer

This article first appeared in the February 2012 issue of Build Green and is reproduced with the kind permission of the editors.