UAE: Phanes Group launches solar specialist entity
Green Energy Tomorrow will see Phanes Group combine its development expertise with the technology of partners General Energy Solutions and Neo Solar Power
International solar developer, asset manager and investment manager Phanes Group, has launched a full service solar entity - Green Energy Tomorrow.
The Dubai-based firm says that this entity will specialise in rooftop solar (distributed) and smaller-scale ground mounted solar systems in the UAE and the GCC region.
Green Energy Tomorrow is wholly owned by Phanes Group and its shareholders General Energy Solutions (GES) and Neo Solar Power (NSP) both from Taiwan.
“Solar is gaining enormous traction in the GCC because it continues to represent clear value as a cost competitive, zero carbon, sustainable solution to rapidly growing energy demands and a smart way to mitigate the potential of rising power costs,” said Martin Haupts, CEO of Phanes Group.
“To realise the solar potential of the GCC, what’s important is that solar developers are engineered specifically to this market, offering full service solutions from consultation to design, deployment and investment, that derisk solar and simplify the development process,” continued Haupts.
Phanes Group recently announced that it expected to install 500 megawatts (MW) of solar PV by 2018 around the world, from its base in Dubai.
Among its growth plans are a number of projects in the UAE and GCC, as well a focus on international markets where regulations make it attractive to deploy solar technology, such as South Africa and Chile.