Abstract Bahrain First Energy Bank BSC will take the lead in building the first polysilicon plant in Saudi Arabia covering an area of ​​375,000 square meters, which will become the first such plant in the Middle East. Cosmos Industrial Investment Co., a subsidiary of BSC, will work with the Saudi Industrial Group project...
Bahrain First Energy Bank BSC will take the lead in building the first polysilicon plant in Saudi Arabia with an area of ​​375,000 square meters, which will become the first such plant in the Middle East. Cosmos Industrial Investment, a subsidiary of BSC, will work with the Saudi Industrial Group Project Management and Development Company (PMD) to develop and manage the plant. In addition, the company is expected to start operations in 2013, producing 7,500 tons of polysilicon products per year. Jiang Qian, chief researcher of CIC's energy industry, pointed out that Saudi Arabia's proposed construction of the first polysilicon plant in the Middle East can be seen as an important indicator of the accelerated development of the photovoltaic industry in the region. Throughout the development of the global solar photovoltaic industry, there is a Japanese monopoly, and then Europe's strong rise, and now to the emerging markets such as China and the United States is extremely optimistic. In the Middle East, due to its rich oil and gas resources, it seems that it is not active in developing photovoltaics. However, with the resurgence of the global new energy investment boom after the financial crisis, Arab rich people in the Middle East not only saw the importance of finding alternative energy sources, but also saw the huge business opportunities in the photovoltaic industry. The Middle East has become the new continent of the global photovoltaic industry.
Jiang Qian also pointed out that although the first polysilicon plant will not be operational until 2013, the pace of solar energy use in the Middle East has already taken shape. Since the beginning of this year, several solar projects have been launched in the region. CIC's latest "2009-2012 China Solar Energy Industry Investment Analysis and Forecast Report" shows that the first 10 MW solar park in the Middle East in Abu Dhabi, UAE, has been connected to the Abu Dhabi grid at the end of May. Connected together and used solar power to end the construction of the remaining waste period of zero waste and zero carbon in the city.
In addition, solar service provider Sunday Energy has signed an agreement with Ormat, one of the world's largest geothermal power generation solutions companies, to install a 1MWp photovoltaic solar roof in the Yavne region of Israel. The installation area of ​​16,000 square meters will also become the largest solar roof in the Middle East. It will generate more than 60 million NIS for solar sales in the next 20 years. The project will cost about 20 million NIS to build. It will be completed in the first half of 2010.
Jiang Qian believes that in fact, not only Saudi Arabia, the United Arab Emirates and other countries, rich solar energy resources and rich income from oil and other industries are the biggest advantages of other countries in the Middle East to develop photovoltaic industry. If this advantage can be utilized as soon as possible, this The future of the new continent should flash a dazzling light.
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