US-based developer of large-scale solar power projects and advanced solar thermal storage technology SolarReserve announced its expansion into the Middle East with the opening of a new office in Dubai, United Arab Emirates (UAE), which will serve as a hub for development activities in the region.
The company is pursuing both large-scale concentrating solar power (CSP) with thermal energy storage and photovoltaic (PV) projects that make optimal use of the region's abundant solar energy resources.
"In recent years, solar power generation has seen increasing growth in the MENA region. SolarReserve is committed to furthering support of its strong partnerships in MENA through the establishment of a regional hub that begins with an on-the-ground presence in Dubai," said SolarReserve's CEO Kevin Smith. "SolarReserve's world-leading solar thermal technology with integrated molten salt storage offers a cost-effective, reliable and most importantly, a baseload supply of electricity that is a game-changer for the region. Not only do we offer technology that can generate power on-demand, day and night, but our plants are dry-cooled which is critically important in a region with scarce water resources."
Philip Hale, director of development, will be based in the Dubai office and will lead SolarReserve's development activities for the MENA region. Hale joined SolarReserve in 2008, with over twenty years of experience in the energy, construction and real estate sectors. Before joining SolarReserve, Hale worked with Invenergy Wind, one of the largest privately owned renewable energy business in the world, focusing on international business development activities.
"We are continuing with our growth plan by establishing a new regional office in Dubai to service this rapidly expanding regional market," said Alistair Jessop, senior vice president of development. "Phil's successful track record in developing renewable energy projects, coupled with his deep industry and market knowledge, will help SolarReserve bring reliable 24/7 renewable energy solutions to a high potential market in MENA that is worth trillions of dollars."