Hive Energy opens Dubai headquarters
UK solar power project developer eyes regional expansion after unveiling Middle East base.
UK solar developer Hive Energy has opened new Middle East headquarters in Dubai with a view to capitalising on the expected explosion in solar power in the region over the coming year.
The expansion marks the company’s break into the international solar energy market as part of its growth and diversification strategy beyond the UK market.
Headed up by Colin Loubser, Hive Energy’s Director of Middle East, Africa and Indian Ocean Island operations the office will focus on developing solar PV opportunities in the region.
Giles Redpath, CEO Hive Energy, said: “Solar power in the United Arab Emirates (UAE) has the potential to provide most of the country's electricity demand.
“Although a major oil producing country, the UAE is taking significant steps towards introducing solar power on a large scale.”
Dubai is targeting for renewable energy to make up 7% of its energy mix by 2020. The emirate is building a 200MW solar power plant by 2017 which is plans to expand to 3,000MW by 2030.