Welcome!

News Feed Item

SolarReserve Opens Office in Dubai, Establishing Hub in the MENA Region

-- SolarReserve opens an office in Dubai, meeting the needs of an expanding customer base as it develops solar projects in MENA.

SANTA MONICA, California, Jan. 26, 2014 /PRNewswire/ --  SolarReserve, a leading global developer of large-scale solar power projects and advanced solar thermal storage technology, today announced its expansion into the Middle East with the opening of a new office in Dubai, United Arab Emirates (UAE), which will serve as a hub for development activities in the region.

(Photo:  http://photos.prnewswire.com/prnh/20140127/LA51261)

(Logo: http://photos.prnewswire.com/prnh/20130927/LA87962LOGO)

Continuing its ongoing efforts to provide reliable, cost-effective, clean energy solutions worldwide, SolarReserve is pursuing both large-scale concentrating solar power (CSP) with thermal energy storage and photovoltaic (PV) projects that make optimal use of the region's abundant solar energy resources. As SolarReserve develops projects in the region, the company will continue to open country-specific offices to meet the needs of an expanding customer base, support project construction and operation, as well as to support local economies and employment.

For oil-exporting countries, the move to solar energy is directly correlated with rising fossil fuel prices. With the goal of maximizing the economic gain from their remaining oil reserves, many oil-rich nations are moving away from domestic oil and gas consumption so that they can export this finite resource for the highest return. Through heavy investment in solar development, these countries are moving boldly towards sustainable energy independence—ensuring that their growing populations will have an additional zero emission form of energy to meet their needs while creating a substantial industry and associated jobs and knowledge base within the region.

"In recent years, solar power generation has seen increasing growth in the MENA region. SolarReserve is committed to furthering support of its strong partnerships in MENA through the establishment of a regional hub that begins with an on-the-ground presence in Dubai," said SolarReserve's CEO Kevin Smith. "SolarReserve's world-leading solar thermal technology with integrated molten salt storage offers a cost-effective, reliable and most importantly, a baseload supply of electricity that is a game-changer for the region. Not only do we offer technology that can generate power on-demand, day and night, but our plants are dry-cooled which is critically important in a region with scarce water resources."

Philip Hale, Director of Development, will be based in the Dubai office and will lead SolarReserve's development activities for the MENA region. Hale joined SolarReserve in 2008, with over twenty years of experience in the energy, construction and real estate sectors. Before joining SolarReserve, Hale worked with Invenergy Wind, one of the largest privately owned renewable energy business in the world, focusing on international business development activities.

"We are continuing with our growth plan by establishing a new regional office in Dubai to service this rapidly expanding regional market," said Alistair Jessop, Senior Vice President of Development. "Phil's successful track record in developing renewable energy projects, coupled with his deep industry and market knowledge, will help SolarReserve bring reliable 24/7 renewable energy solutions to a high potential market in MENA that is worth trillions of dollars."

SolarReserve's industry-leading CSP technology features an integrated molten salt energy storage system that enables firm, reliable electricity to be generated on-demand and delivered to meet the client's power needs. This energy storage capability provides a stable electricity product similar to that of conventional fossil fuel-burning power facilities, but without the associated harmful emissions and price volatility. SolarReserve's CSP technology either alone or coupled with PV, can provide a cost effective and reliable alternative to fossil fuel generation with the reduction in emissions to near zero.

About SolarReserve

SolarReserve, LLC – headquartered in Santa Monica, California – is a leading developer of large-scale solar energy projects and technology with activities worldwide and more than $1.8 billion of projects in construction. SolarReserve has commercialized the world's leading solar thermal energy storage technology utilizing molten salt in a power tower configuration. SolarReserve's solar energy storage technology has the capability to deliver clean, reliable electricity "on demand" at any time, day and night. SolarReserve's experienced team of power project professionals has assembled an extensive 5,000 MW worldwide development portfolio of large-scale solar projects, including some featuring advanced solar thermal technology (CSP) and others utilizing photovoltaic (PV) technology.

SolarReserve's 110 MW Crescent Dunes Solar Energy Plant located near Tonopah, Nevada is the first utility-scale facility in the world to feature advanced molten salt power tower energy storage capabilities. The project is currently under construction with more than 700 workers on site and will be entering the commissioning phase. First generation of electricity is scheduled for mid-2014.

Additionally, SolarReserve currently has three photovoltaic projects, totaling 246 MW of generation capacity, in construction in South Africa. The Letsatsi and Lesedi power projects, each 75 MW in size, broke ground in February 2013 and are well underway in construction. The projects were selected as the "African Renewable Energy Deal of the Year" by Project Finance Magazine in 2012.  The 96 MW Jasper power project recently closed financing and commenced construction shortly thereafter. The three projects have a combined capital cost of more than $820 million and are all slated for completion in 2014.

In addition to its headquarters in the US, SolarReserve has offices in Spain, Chile, South Africa, Turkey, Australia, the UK and Dubai, with activities underway in the Middle East, Africa, Australia, China, and Latin America.

U.S. Media Contact: Mary Grikas, SolarReserve, +1.310.315.2274, [email protected]
For more information: www.SolarReserve.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...