Tuesday, December 28, 2010

Road to energy security links entire region

Dec 28, 2010 - The array of solar panels lining the outskirts of Masdar City are but one indication of the Emirate's ambitious plans for harnessing the power of the sun. Shams 1, the largest  concentrated solar power plant in the Middle East being built in Madinat Zayed, is another.

And this week's announcement by Al Maskari Holding to invest in Libya's solar market is a third. As we reported yesterday, a Dh11 billion commitment to Libya's energy market will partly include "the best solar resources in the world", according to Sheikha Aisha Al Maskari, the chairwoman of Al Maskari Holding.

The Abu Dhabi-based family company is investing in Libya for the same reason that other local entities have invested in Sweden, Qatar, and Spain: the national energy policy links the UAE not just to the region, but to the world. More >>>

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