Oil Giant Looks to the Sun for Energy

John Davis

Officials with the government of Abu Dhabi say they will build a $350 million solar power plant… a first for the oil-producing region. ArabianBusiness.com reports the 500 megawatt plant is expected to be up and running by 2009 in an attempt by the United Arab Emirate member to cut its own dependence on, ironically enough, oil:

“We … do not want to be 100 per cent dependent on (hydrocarbon power), [Sultan al-Jaber, chief executive of state-owned Abu Dhabi Future Energy Co.] said.

“We have an economic development programme dedicated to establishing an entirely new economic sector focused on alternative energy and sustainable technologies,” he said.