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As part of its commitments to provide better and high standards of living to its 2.2mn residents, Qatar is sparing no efforts to tap full use of its renewable energy sources, said Qatar General Electricity and Water Corporation (Kahramaa) president Essa bin Hilal al-Kuwari while opening the Solar Qatar Summit yesterday. |
While deliberating on the country’s plan to make headway in the solar power sector, the Kahramaa president said the country’s power sector is making remarkable efforts to transform towards the smart grids and complete deployment of solar energy potential within the state boundaries.
“By 2030, Qatar aims to be an advanced society, capable of sustaining its development and providing a high standard of living for its people and large-scale activities directed to achieving targets are currently under way,” said al-Kuwari.
He said the world is facing major challenges in the power sector owing to the governments’ determination to make the universe greener and cleaner and solar energy has emerged as one of the best possible solutions to the issue.
In 2030, there will be more than 8bn inhabitants in the world and the electricity generation is expected to grow by 70% from the present levels, he said.
Al-Kuwari said rapid technological changes and such factors as falling costs, better understanding of financial risks and a growing appreciation of wider benefits of solar will make renewable energy as an effective answer for the world’s ever growing power requirements.
The Kahramaa president also welcomed the entry of private financing in the sector for realising some of the major power projects.
“Funding initiatives can also be used to attract capital, especially in developing countries where cost of capital is traditionally high,” he said, adding that renewable energy cannot only meet the world’s rising demand but can also do so more cheaply.
Al-Kuwari also inaugurated the exhibition held at the summit.
