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Power solutions leader and specialist Al Masaood Power Division has signed a distribution agreement with Sunstream International to lead the future of solar panel solutions in the GCC.
The agreement, signed on June 7, 2022, aims to create the widest and most sustainable range of patented container, towable and mobile solar stations that can be used in the agriculture, oil and gas, mining and road construction industries in the GCC region .
The agreement between Al Masaood Power Division and Sunstream International, a French innovative company with production sites in Germany, also aims to generate green and local electricity even in hazardous, remote and challenging conditions.
sustainable energy
Hani El Tannir, CEO of Group Industrial, said: “The UAE and other countries in the Gulf region are making an ambitious transition to more sustainable energy, and solar energy is emerging as an important solution to meet the region’s energy needs. The UAE is leading the way with innovation and best-in-class technology that will help build a sustainable future for the country in line with our commitment to reduce CO2 emissions. Other countries in the GCC are also working to decarbonize their countries by making solar a pillar of their national renewable energy strategies Target.”
With this agreement, Al Masaood Power Sector intends to use Sunstream International’s first-generation mobile and modular plug-and-play solar solutions on a larger scale to meet GCC’s energy needs as there is little cloud and 20% in the region year round. Solar power plants in the region are expected to operate at full capacity for 1,750 to 1,930 hours per year.
Accelerate the transformation
Rasso Bartenschlager, General Manager, Power at Al Masaood, said: “We are pioneers in power solutions, and our priority is to accelerate the transition to sustainable energy sources, and solar is one of them. The Middle East is at the center of the global energy transition, including the solar industry in Renewable energy investment in China is pouring in. As a leading power solutions provider, we understand our role in facilitating the transition to clean and renewable energy, while GCC countries are transitioning to a green and sustainable economy.
“The GCC solar photovoltaic (PV) market is expected to grow at a CAGR of around 12.5% over the next few years, with countries in the region aiming to increase the share of renewable energy in their energy mix by 2050. This partnership It also represents that GCC countries are ideal markets for renewable energy deployment and therefore have significant short- and long-term business opportunities.”
Hence, this trend is expected to create opportunities for the market to grow in the near future. Although trends show that natural gas will remain the main source of electricity in the region, the Al Masaood power sector will continue to invest heavily in renewable energy to provide sustainable electricity through solar energy.
The road to net zero
Frederic Bouvet-Haas, CEO of Sunstream International, said: “Achieving a net-zero strategy and delivering sustainable growth paths will be a challenge without working together to come up with lasting solutions. We need to understand that each country’s net-zero emissions vary by Roads are all unique, but we must find new ways to meet surging energy demands while rapidly reducing carbon emissions. At Sunstream International, we believe innovation will save our planet. A shared agenda to generate green and local electricity aligns with our The commitment of partner Al Masaood Power Sector to facilitate the region’s transition to clean and renewable energy designed to foster a sustainable economy.”
“After more than a decade of installing large-scale wind and solar parks around the world, we have decided to design the first generation of mobile and modular plug-and-play solar solutions that minimise environmental impact and eliminate the use of concrete or cement. GCC The council region is poised to achieve more sustainable green power production in record time without complex civil engineering requirements,” he added.
Since 1970, Al Masaood Power Sector has been a pioneer in power solutions with a focus on fostering innovation, state-of-the-art technology and infrastructure to meet the region’s energy needs. Touted as the first in the country to launch hydrogen-powered flying boats and world-class generators, the division provides leading power brands such as MTU, Leroy-Somer and Volvo Penta generators and aftermarket services to the UAE and the UAE. Bahrain. – arab trade news agency
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