$4bn worth of green energy projects at WFES 2012

Flagship projects already confirmed for the Project Village include a 200MW wind farm under development on the Gulf of Suez.

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The combined value of renewable energy projects confirmed for the Project Village at the 2012 World Future Energy Summit (WFES) has reached more than $4bn.

Flagship projects already confirmed for the Project Village include a 200MW wind farm under development on the Gulf of Suez, led by Egypt’s New and Renewable Energy Authority; a 160MW solar power plant in Morocco; and the $400m Shams Ma’an photovoltaic power plant under way in Jordan.

A total of 25 projects, spanning photovoltaic power, wind energy, solar thermal, waste-to-energy, concentrated solar power and other technologies have already confirmed for the Project Village, which highlights selected projects from MENA countries, India and other international markets.

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Introduced at WFES 2011 as a business and networking platform for project owners, developers and solutions providers, the Project Village complements a growing pipeline of renewable energy initiatives – from the world’s largest concentrated solar power plant Shams 1, located in Abu Dhabi’s Western Region, to the 1,000MW London Array wind farm.

WFES exhibition director Naji El Haddad said: “The increasing interest in the Project Village component of the summit demonstrates the success of WFES as a marketplace for technology suppliers, investors and other stakeholders committed to the realisation of clean energy.

“Through the Project Village, we bring together the decision makers that can action real progress on existing partnerships and agree new collaborations. Confirmations for the Project Village for 2012 indicate the growing involvement of the private sector in the renewable energy space and reflect Abu Dhabi’s leadership in developing renewable projects in the Middle East and overseas markets.”

Countries represented at the Project Village so far include the UAE, Saudi Arabia, Egypt, Jordan, Morocco, India, South Africa, Sudan, the UK and US.

Supported by IRENA and held in association with Ernst & Young and Bloomberg New Energy Finance, the initiative highlights both new and planned developments, helping to source technology, secure financing and enter into business partnerships.