International
China’s renewable energy sector presents $2.2 trillion investment opportunity to 2030
The World Future Energy Summit recently announced that it would host its largest-ever Chinese business delegation. This follows the UAE and China’s recent landmark agreement to collaborate on renewable energy innovation.
As one of the world’s largest energy consumers, renewable energy investment in China could reach $145 billion per year to 2030, or $2.2 trillion in total, according to a recent report by the International Renewable Energy Association (IRENA).
China, additionally will account for nearly 40 per cent of the world’s renewable energy capacity growth until 2020, according to the International Energy Authority.
The UAE and China are set to be key renewable energy players, with the two countries recently signing a partnership on sustainable development and renewable energy.
“Our largest-ever Chinese contingent represents new business opportunities for both Chinese renewable energy experts in the fast-paced Middle East and North Africa market, and for international investors in China’s strong renewable energy sector,” said Naji El Haddad, Group Event Director, World Future Energy Summit.
More than 30 Chinese energy exhibiting companies, especially solar power manufacturers, are set to include BYD, JA Solar, Jinko Solar, Suntech, Trina Solar, and Yingli Solar will showcase their latest technologies and innovations to an expected 30,000 attendees, he added.
Hosted by Masdar, WFES 2016 is held at the Abu Dhabi National Exhibition Centre from 18-21 January 2016, co-located with International Water Summit and EcoWASTE.
-
OER Magazines2 months ago
OER, September 2024
-
Uncategorized1 month ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
Commodities2 months ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
OER Magazines3 weeks ago
Signature, October 24
-
Alamaliktistaad Magazines3 weeks ago
Al-iktisaad, October 24
-
Banking & Finance2 months ago
Apple Pay Officially Launched in Oman
-
Oil & Gas1 month ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Lifestyle2 months ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season
You must be logged in to post a comment Login