Dubai: Developing countries with growing power demand are joining the quest for clean and green energy. They are now taking greater interest in renewable energy sources — wind and solar power — as well as nuclear energy.
According to the United Nations Environment Programme, new investment in renewable energy for the Middle East and Africa region in 2010 grew 104 per cent to $5 billion (Dh18.3 billion). The report said that though the potential for renewable energy in the Middle East is clear, the key challenges are the high costs and the lack of legislation.
“Renewable energy has the inherent advantage of greater resource flexibility of a distributed energy system, but is also currently more costly than centralised power. Hence, there is continuous need to innovate to increase efficiencies and bring down costs."
Dr Farooq Abdullah, Indian Union Minister for New and Renewable Energy