Renewable energy market to grow 25 per cent annually
Wednesday, 2 September 2009
DUBAI, Sept 1 (PTI): The alternative energy sector is expected to grow 25 per cent annually and would account for almost 70 per cent of the global energy market by 2030, organisers of an alternative energy convention has said.
The sector's current USD 150 billion share of the estimated USD 800 billion worldwide energy infrastructure will rise by then to around USD 600 billion, they said.
Key issues related to this growth and the Middle East's push towards alternative energy will be examined during the 2009 Alter Energy Convention here from October 27-29.
Gulf countries are expected to collectively spend around USD 70 billion in energy projects in 2009 to accommodate massive energy consumption.
To be held under the umbrella of the 2009 Oil & Gas Show (OGS), Alter Energy Convention 2009 will discuss and evaluate the regional and global outlook on carbon footprint and energy usage, the importance of oil and gas sector partnerships with alternative energy initiatives, sustainable regional water management, and the latest sustainability projects, techniques and technologies.
The sector's current USD 150 billion share of the estimated USD 800 billion worldwide energy infrastructure will rise by then to around USD 600 billion, they said.
Key issues related to this growth and the Middle East's push towards alternative energy will be examined during the 2009 Alter Energy Convention here from October 27-29.
Gulf countries are expected to collectively spend around USD 70 billion in energy projects in 2009 to accommodate massive energy consumption.
To be held under the umbrella of the 2009 Oil & Gas Show (OGS), Alter Energy Convention 2009 will discuss and evaluate the regional and global outlook on carbon footprint and energy usage, the importance of oil and gas sector partnerships with alternative energy initiatives, sustainable regional water management, and the latest sustainability projects, techniques and technologies.