renewable energy will help diversify economy
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Renewable energy will help diversify economy

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Renewable energy will help diversify economy

Riyadh - Arabstoday
German Ambassador Dieter Haller opened the three-day “Renewables made in Germany” exhibition yesterday at the InterContinental Hotel in Riyadh. “Let me begin by saying that Germany has abandoned nuclear energy not because it has suddenly become afraid of technology. On the contrary, it has decided to massively increase its share of renewables in its primary energy mix and in particular in electricity generation,” he said in his opening address. He added that this has been done to save oil and gas resources for better use than as fuel for power generation. “Using renewable energy will help diversify the economy and create jobs for the young population. As of now, 350,000 jobs have been created by using renewable energy. If it could be done in Germany, it could also be done in Saudi Arabia,” he said. He added that using renewable energy also helps save the environment and prevent global warming. The opening ceremony was attended by German Embassy officials who included Counselor for Economic Affairs Peter Hofman, German-Saudi Arabian Liaison Office (GESALO) for Economic Affairs Representative Mohammed Trad, InterContinental Hotels Group, members and other invitees. Haller added that 25 percent of Germany's electricity generation comes from renewable sources and 12 percent of its final energy consumption. “There are countries with even higher percentages but Germany is the first major industrialized economy to have changed its energy mix in such a manner,” Haller said. He added that renewable energies are based on sophisticated mechanical and electrical engineering, and Germany with its outstanding research institutes like Fraunhofer, Helmotz and Max Planck as well as innovative companies, is still very much a country of inventors and engineers. “This is the reason why Germany is globally second to none in the field of renewable energy technology. And since we are determined not only to develop but to deploy this technology, you learn from our experiences, which are a steady 'learning curve,' sometimes not free from also correcting mistakes,” he said. On Germany's experience, he said: “Firstly, you have to give as much attention to the extension and the management of our electricity grid as to the power generating plants. You have to balance supply and demand, over the day and over the year. This — and the increasing interlinkage between the grids of European partners — opened up a completely new area of technology called smart grid.” This includes sophisticated power distribution solutions, close monitoring of supply and demand, a flexible arrangement of main and secondary lines, and decentralization of energy generation where possible, and a variety of energy storage options,” he added. Secondly, he said, it was crucial — on the policy side — for the success of the energy changes to involve all stakeholders. It is advisable to pursue an integrated approach and balance out the interests of the private sector, the consumers and the government. “You have to find the right balance between the market forces and government subsidies. This is what we lay out in front of you today. We feel that Germany has much to offer and we like to invite you to share our experiences of what is possible with regards to renewable energy,” Haller said. The 18th Conference of State Parties to the United Nations Framework Convention has started its deliberations in Doha, Qatar. “For Germany, climate change is real. As a consequence, we see the sea-level rising, the ice of our glaciers melting, parts of the country drying and the incidence of forest fires increasing. Climate change is one of the most important driving forces behind the development of renewable energy,” the envoy said, adding that renewable energy and energy efficiency are above all key elements for readapting economies to the path of sustainability. He also introduced the German Embassy's partners in promoting the use of renewable energies such as Green Gulf, Intercontinental Hotels, GESALO, Phoenix Solar, Centrotherm, Schott Solar, Gerber Architects, and Munich Re. Green Gulf is the first private industrial initiative in the Kingdom to extend the solar value chain beyond the production of polysilicon, and to embark on the production of silicon wafers and photovoltaic modules. GESALO disseminates information on the whole variety of technology available in Germany and helps in the formation of partnership between German and Saudi companies. Phoenix Solar is the building arm of the Solar Park for the new KAPSARC Research Center of Saudi Aramco. Centrotherm is major manufacturer of silicon for photo-voltaics and other applications. Schott Solar is a world-class provider of Concentrated Solar Power (CSP) technology. Gerber Architects is building the new National Library on King Fahd Road, and is presenting a model for low-energy high-rise building. Munich Re is one of the world's biggest re-insurance companies and has contributed significantly to research into the link between climate change and the frequency of extreme weather events. It proposes insurance solutions for a better adaptation to climate change. The exhibition will continue in Riyadh until Nov. 28, and then move to Dammam on Nov. 30-Dec. 2, and to Jeddah on Dec. 5-7. From ArabNews
almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

renewable energy will help diversify economy renewable energy will help diversify economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

renewable energy will help diversify economy renewable energy will help diversify economy

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 09:57 2016 Wednesday ,23 March

cartoon two

GMT 10:22 2016 Wednesday ,23 March

cartoon twelve

GMT 09:58 2016 Wednesday ,23 March

cartoon four

GMT 10:18 2016 Wednesday ,23 March

cartoon eight

GMT 09:25 2017 Thursday ,10 August

Netanyahu slams media campaign to 'overthrow' him

GMT 09:04 2018 Tuesday ,02 January

Rania Shawky to participate in coming Ramadan

GMT 16:17 2013 Tuesday ,22 October

Chevrolet tests hand cycle at marathon

GMT 01:28 2014 Saturday ,19 April

Android gains in US, basic phones almost extinct

GMT 18:11 2017 Monday ,16 October

OPI names Tom Bachik as Global Nail Ambassador

GMT 14:14 2018 Friday ,31 August

VAR in Champions League only from 2019-20 season

GMT 17:48 2011 Sunday ,17 April

Kuwait mourns businessman Nasser Al-Kharafi

GMT 13:57 2017 Wednesday ,23 August

Britain hints at EU court ties even after Brexit

GMT 11:07 2017 Tuesday ,26 September

Macron government to unveil belt-tightening first budget

GMT 09:12 2017 Friday ,25 August

French wine output to fall 18% due to spring frost

GMT 08:29 2018 Saturday ,20 January

#MeToo is 'tipping point' for Hollywood

GMT 13:43 2018 Sunday ,14 January

Trump taps long historical vein against immigration
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday