Renewable Energy in Kuwait: Development of Renewables
Kuwait was on the forefront of exploration of renewable energy: mostly solar energy in the 70’s.
According to Walid Al-Hashash, Chairman of AREF Energy the main problem for the development of renewable energy in Kuwait is conventional energy subsidies.
Kuwait was on the forefront of exploration of renewable energy: mostly solar energy in the 70’s. In Kuwait the main body that develops the reneables is KISR. According to Walid Al-Hashash, Chairman of AREF Energy the main problem for the development of renewable energy in Kuwait is conventional energy subsidies.
In order to make the renewable energy competitive the governments in the GCC should provide incentives in form of subsidies such as in Europe.
About AREF Energy:
AREF Energy Holding Company K.S.C. (Closed) (herein referred to as “AREF Energy” or “the holding company” or “the company”) is an investment holding company, which strives to generate returns through value creation in medium-sized energy sector companies in the MENA (Middle East and North Africa) region. AREF Energy Holding Company would be looking to invest as a strategic partner in niche markets of Energy, Oil & Gas services sectors. Credit rating – AREF Energy Credit Rating
Interview:
Kuwait Oil Investments: Investing in Oil and Gas Technologies & Companies
Company Profile:
AREF Energy: Investment Partner in Oil & Gas services sectors