With the increase in energy demand, Abdul Latif Jameel has already initiated different projects giving emphasis on solar installations. They have combined the local knowledge and blended it with the expertise of FRV to get the best installations in the MENAT.
It is estimated that the energy consumption in the MENAT region itself would increase by 7% every year till 2020 and this is mainly because of the increase in population. With this estimate, it can be easily understood that alternative sources of energy need to be developed to cater to the increasing power demands of the people of this region. In fact, improving renewable and alternative sources of energy is not only a social responsibility, but also a strategic responsibility. New energy targets have been set by the Gulf Corporation Council. Some of the countries belonging to the region have come up with improved opportunities for power production as well as conservation. The Leader- Abdul Latif Jameel: Abdul Latif Jameel is the leader in this field because in accordance to the energy targets of GCC, it has already started several solar energy projects. After all, solar energy is one of the biggest sources of alternative energy. With proper utilization it can certainly benefit the masses and even cater to the energy demand. In addition to that, the consumers of this region would not only benefit from energy efficient power sources, but also from reduction in energy prices. The projects that they have initiated have certainly made them the leader in the field of energy and environmental conservation. Meeting Huge Demand: Abdul Latif Jameel has positioned itself in such a way that it can meet the huge demand of energy across the MENAT region. They are making huge efforts to introduce sustainable power in the area. For this, they have even partnered with different energy experts from across the world which has helped them tap the financial resources as well as the wider operational power of Abdul Latif Jameel’s network. They are fortunate to get support from international partners, the government and GCC to implement these projects. Producing Sustainable Forms of Energy: Abdul Latif Jameel has a great futuristic vision. In addition to that, their spirit and passion has helped them to acquire the top position today. With the energy partners, they will create sustainable energy by means of power infrastructure, solar installations, power generation, energy efficiency and alternative resources. Several projects are in the pipeline, and they are very hopeful about the success of these projects. Therefore, it will not be long for them to achieve success where they would make the entire MENAT region highly energy efficient. A Kick Start to Photovoltaic Solar Energy: It goes without saying that Abdul Latif Jameel has taken major steps in the direction of photovoltaic solar energy, and they have already given a kick start to the project. They have acquired Fotowatio Renewable Ventures (FRV), a major renowned developer globally who develops solar projects on a large scale. Using their own financial capability and local knowledge, they will blend it with the extensive knowledge and expertise of FRV. With these initiatives, Abdul Latif Jameel also aims to create lots of job opportunities for the locals of this region.
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