During a recent webinar hosted by MENASOL 2011, Dr. Nazar Hassan, Deputy Director of UNESCO Regional Bureau of Science in Cairo, advocated that socio-economic instability can be solved by developing clean energy projects.

Part of this strategy involves working alongside the industry with large solar companies such as Abengoa Solar, BP Solar, BrightSource Energy to name a few. It is the collaboration with the private sector that provides significant opportunities   for the national economy and people. Dr. Walid Deghali, Chief of Energy Section of UNESCWA and Dr. Nazar Hassan explained that technology transfer is the key because it clearly results in more job opportunities, increased volume of skilled workers and ultimately improved social stability in the region.

In the WSR2010 report, it was stated that ‘basic education is not sufficient to create wealth, to address concerns of food, water and energy security, to provide better health services and better infrastructure. For that good science leading to innovation is required.’

As the MENA region enters a new era of political enlightenment, solar companies now have the opportunity to work alongsideside governments, and not only shape the future of the region’s energy supply but also to positively impact the socio-economic stability.

Vahid Fouthi, Director of North Africa & Middle East at BP Solar stated that the Middle East is poised from a socio economic perspective to accept solar power generation. All the oil producing countries in the region are beginning to realize it is more competitive to retain the hydrocarbons for future generation and make use of the abundance of solar power. “Solar is an exciting time in MENA, we are where the oil industry used to be in the 1940’s and 50’s,” said Fouthi.

With the Saudi Arabian government announcing a very ambitious solar plan this statement could not be truer. In a forum held in Riyadh in April, it was announced the national goal is to have 20,000 MW of solar generation in the next twenty years. In comparison to other solar markets, this would mean averaging 1,000 MW a year, making it even bigger than the German solar market.

It is clear that solar development opportunities in MENA are moving quickly and are providing exciting opportunities for companies to grow their business. The advantage of the MENA market is that is has not shown a dominant player, which means it is a market still up for grabs.

Further Information: MENASOL 2011 (www.csptoday.com/solar-conference)