Friday, June 14, 2024

Key takeaways from Abu Dhabi’s World Future Energy Summit – pv journal International

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The 2024 version of a very powerful photo voltaic occasion within the Middle East hosted the next variety of exhibitors and guests, regardless that the heaviest rainfall seen in many years hit the United Arab Emirates all through the primary day of the commerce present. However, the occasion clearly exhibits that large-scale PV initiatives nonetheless dominate the UAE market.

The World Future Energy Summit (WFES) in Abu Dhabi obtained off to a sluggish begin this 12 months because the United Arab Emirates battled the area’s worst storm in 75 years, in addition to widespread flooding.

The pure catastrophe prevented many guests from attending the honest, but in addition led to the cancellation of the Intersolar occasion, which was to be held concurrently in Dubai. As a outcome, there is a rise within the variety of guests ranging from the second day, and this crowd in all probability consists of many individuals who solely plan to attend the Intersolar occasion.

WFES organizers stated that roughly 16,000 folks attended the honest and about 41% of them got here from exterior the United Arab Emirates. About 450 firms could have a presence on the present, which is 22% greater than in 2023. The gross flooring area additionally elevated this 12 months by 12% to 35,000 m2.

Auctions are nonetheless the largest driver of the market, with low bids even in instances of excessive PV module costs. Now, with panel costs hitting new all-time lows, the outcomes could possibly be stunning.

Lei Wu, the COO of Sungrow Middle East, stated that WFES gives a superb alternative to fulfill prospects from everywhere in the Middle East and North Africa (MENA).) area.

“Our most important prospects from this area are principally within the UAE and Saudi Arabia,” he stated pv journal. “Both markets provide nice alternatives within the giant scale and C&I enterprise. We nonetheless do not see a lot demand within the residential section.”

Mohamed Saady, head of technical providers and product administration MENA at JinkoSolar, was notably happy with the rise in guests.

“We think about WFES as our gateway to MENA as a result of it’s the largest and most essential occasion within the area,” he stated in pv journal. “We see a powerful C&I market coming in lots of MENA nations that apply both internet metering or internet billing. In this regard, the UAE and Jordan are well-established markets, and now we see new markets akin to Kuwait, Morocco and Algeria are taking their first essential steps.

Saady stated that JinkoSolar, primarily based on China’s export statistics, has a market share within the MENA area from 50% to 70%, and as excessive as 80% in unspecified nations.

According to Hinde Liepmannsohn, government director of the Middle East Solar Energy Industry Association (MESIA), the WFES commerce present highlights various rising developments in all markets.

“The C&I enterprise is now attracting capital,” he stated pv journal. “There is a powerful demand for rules. We see Oman, Bahrain, Kuwait and Iraq as potential new rising markets.

Abhishek Kaushal, gross sales and advertising director South Asia for Huasun, stated pv journal that individuals are superb.

“We see a whole lot of consideration right here for heterojunction photo voltaic modules, contemplating that many of the initiatives are situated in excessive temperature areas,” stated Kaushal. “Clients now perceive the industrial maturity of heterojunction expertise.”

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