South African solar energy project receives $142 million in funding – Hydrogen Fuel News | Hydrogen Fuel News
“QSE is achieving this by combining research, development and manufacturing under one roof to form a fully integrated value chain. QSE, when it reaches capacity of 2.5 GW, will make Qatar one of the largest producers of solar power in the world, contrasted with the total combined capacity of production in Europe and the US which currently stands at 3.4 GW.” QSE is making remarkable strides having launched its solar technology research and production facility in the MENA region in June 2014 and the subsequent signing of this landmark agreement with Kazatomprom. QSE is quickly putting Qatar in a leadership position for both exporting innovative solar renewable energy technology products and knowledge transfer on high performance cells, modules, and smart-grid development. QSE and Kazatomprom have also committed to deepening their mutual engagement in the form of knowledge-sharing and training to drive the solar industry forward. In September 2014, the first delegation of Kazatomprom engineers will travel to QSE headquarters in Qatar to initiate the knowledge-sharing engagement. About Qatar Solar Energy (QSE) Qatar Solar Energy (QSE) is dedicated to responding to developed and developing countries growing demand for renewable energy. As an advanced solar energy provider in the world, QSE’s innovative model ensures that individuals and businesses on every continent have access to renewable energy at or below grid parity. QSE seamlessly develops and refines the world’s most advanced solar technologies by bringing research, technology development, manufacturing, and project development and deployment under one roof, forming a fully integrated value chain from raw materials to the end-user.
For even more, be sure to visit the main source here: http://www.marketwatch.com/story/qatar-solar-energy-signs-landmark-agreement-with-kazatomprom-to-accelerate-qatars-renewable-energy-production-2014-07-01-10203268
Parabolic trough reflectors are being used by the project to amplify sunlight, thereby increasing its energy potential. Currently, the project boasts of a maximum capacity of 100 megawatts, but more capacity could be added later on as the project expands. Project Xina currently needs approximately $900 million in investments in order to complete development and begin generating electrical power. South Africa aims to leverage new solar energy projects to attain its sustainability goals This project is part of South Africas endeavor to install some 3.7 gigawatts worth of renewable energy capacity throughout the country by 2016. South Africa aims to increase its renewable energy capacity by an additional 9.4 gigawatts by 2030. Through the adoption of clean energy, the country also hopes to cut down on the emissions that it is responsible for, becoming more environmentally friendly and securing a more sustainable future. South Africa also pursuing the establishment of a domestic fuel cell industry Solar power has begun to find traction in South Africa, but it is not the only form of clean energy that the country is focusing on.
First encountered at http://www.hydrogenfuelnews.com/south-african-solar-energy-project-receives-142-million-funding/8518514/