|By ACN Newswire||
|December 22, 2012 03:13 PM EST||
- World Future Energy Summit in Abu Dhabi from 15 - 17 January 2013 to encourage further investment at the Project & Finance Village
Abu Dhabi, Dec 22, 2012 - (ACN Newswire) - The International Renewable Energy Agency (IRENA) is adding momentum to the recent increase in investment in renewable energy with the roll out of the first allotment of its US$350 million funding cycle in conjunction with the Abu Dhabi Fund for Development (ADFD).
The two Abu Dhabi-based institutions are working together to incentivize innovative renewable energy projects in developing countries. IRENA is accepting applications from such projects until 12 January 2013 for US$ 50 million in ADFD concessional loans in the first of its seven funding cycles.
"This financing from ADFD, administered with the support of IRENA, will help projects that are innovative and replicable to get off the ground," says IRENA's Deputy Director-General, Frank Wouters. "By making such projects bankable, we believe we can create substantial growth opportunities for renewables in energy-poor countries."
The unprecedented rise in recent investment is injecting a much needed impetus to the clean energy sector, and the Project & Finance Village at the sixth World Future Energy Summit (WFES) in Abu Dhabi will provide an avenue for investors to evaluate new projects. An almost twofold increase is expected in the number of international cleantech and renewable energy projects on display at the village from 15-17 January, 2013.
Global investment in clean energy in the third quarter of 2012 has totaled US$56.6 billion according to Bloomberg New Energy Finance, with many new projects being located in emerging markets.
It has been widely reported that Qatar is currently working on a solar energy project which will account for 16% of the country's total electrical output by 2018, while Saudi Arabia is seeking investors for a US$109 billion solar energy program which will provide a third of electricity needs by 2032 to add to their planned nuclear, wind and geothermal output.
IRENA estimates that GCC countries can achieve up to US$ 200 billion in returns as early as 2030 through renewable energy integration. Countries in the Gulf region continue to establish many ambitious clean energy projects which are supported by innovative research and development as well as investment. IRENA reports that there are presently 30 such projects which are in planning stage, under construction or have been completed in the region.
The trend marks a shift in the demand for new resources of energy to developing countries, which was echoed through the projects that were showcased from the Middle East, India and North Africa at the 2012 WFES.
According to WFES 2013 Show Director Naji El Haddad, the time for developing and implementing new and sustainable forms of energy is now, and WFES 2013 is an essential global platform for project developers, entrepreneurs, banks and financiers to connect and create viable energy solutions for the future.
"Demand for renewable energy sources from developing countries is on the rise and many countries lack the funds to develop these resources. Development on a global scale is not possible without powering communities lacking access to a traditional energy supply and many countries from the Middle East, Asia and Africa are highly interested in the outcomes of the summit."
The third session of the IRENA Assembly - which gathers delegates from the Agency's nearly 160 member or participating countries worldwide - will kick start Abu Dhabi Sustainability Week and lead up to the sixth World Future Energy Summit (WFES), the world's foremost gathering dedicated to promoting sustainable technologies.
Titled 'Powering the Future of Energy Innovation', WFES 2013 will be co-located with the first International Water Summit at the Abu Dhabi National Exhibition Centre, which will also be the host venue for the International Renewable Energy Conference (ADIREC).
Abu Dhabi Sustainability Week (13 - 17 January 2013) will commence with the 3rd general assembly of the International Renewable Energy Agency's (IRENA) - an intergovernmental organization dedicated to renewable energy. IRENA's objective is to promote the widespread and increased adoption and the sustainable use of all forms of renewable energy. This includes renewable sources, such as bioenergy, geothermal energy, hydropower, ocean, solar, and wind energy. Please visit http://www.irena.org/.
World Future Energy Summit (WFES)
The annual World Future Energy Summit in Abu Dhabi is the world's foremost gathering dedicated to promoting sustainable technologies. Celebrating its sixth year in 2013, it is the leading international event for government and industry decision makers committed to finding viable, sustainable solutions to the world's growing energy challenges.
The summit is an unparalleled forum for political, business and intellectual debate, and for networking and transactions between manufacturers, suppliers and customers in both the public and private sector. It comprises a world-class conference, a large-scale exhibition, and an annual celebration of the winners of Abu Dhabi's Zayed Future Energy Prize, which recognizes global achievement in the fields of renewable energy and sustainable development.
Hosted by Masdar, Abu Dhabi's multi-faceted renewable energy company, the World Future Energy Summit also features the Project and Finance Village, the Young Future Energy Leaders programme, round table discussions, and various corporate events and social engagements.
To be held under the patronage of H.H General Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the World Future Energy Summit 2013 runs from January 15-17 at Abu Dhabi National Exhibition Centre. Please see http://www.worldfutureenergysummit.com/.
For more information, contact:
Abu Dhabi, UAE
Source: International Water Summit 2013
Copyright 2012 ACN Newswire. All rights reserved.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 23, 2016 10:15 PM EDT Reads: 2,401
“Being the one true cloud-agnostic and storage-agnostic software solution, more and more customers are coming to Commvault and saying ' What do you recommend? What's your best practice for implementing cloud?” explained Randy De Meno, Chief Technologist at Commvault, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 10:00 PM EDT Reads: 1,565
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 10:00 PM EDT Reads: 1,567
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Jul. 23, 2016 09:30 PM EDT Reads: 1,936
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Jul. 23, 2016 09:30 PM EDT Reads: 1,869
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 23, 2016 09:00 PM EDT Reads: 1,805
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 23, 2016 08:45 PM EDT Reads: 1,637
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
Jul. 23, 2016 08:30 PM EDT Reads: 1,764
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 08:30 PM EDT Reads: 2,010
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 23, 2016 08:00 PM EDT Reads: 2,408
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 23, 2016 08:00 PM EDT Reads: 1,777
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Jul. 23, 2016 07:45 PM EDT Reads: 1,661
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 23, 2016 07:15 PM EDT Reads: 1,863
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 07:00 PM EDT Reads: 1,425
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 23, 2016 07:00 PM EDT Reads: 859