Masdar News

CEO Stresses the Commercial Viability of Renewable Energy

19 Jan 2015 Press Release
Clean Energy

Dr. Ahmad Belhoul, Masdar CEO, today delivered the keynote speech at the opening ceremony of the eighth World Future Energy Summit (WFES), a key event as part of Abu Dhabi Sustainability Week. During the keynote, Dr. Belhoul stressed the need to accelerate the adoption of renewable energy as a commercially viable technology to meet the world’s rising demand for electricity.

“Like any technology, clean energy has optimized its performance and reduced its cost over time, and in various parts of the world, renewable energy is out-competing traditional power,” said Dr. Ahmad Belhoul, CEO of Masdar, Abu Dhabi’s renewable energy company. “With surging populations, coupled with finite resources, we must pursue all forms of energy, conventional, unconventional and alternative. This requires that we re-think the relationship between traditional and new forms of power, and that energy must not only coexist, but work in harmony.”

Dr. Ahmad also addressed the growing momentum in the Middle East to adopt renewable energy.

“This region’s appetite for renewable energy has quickly taken shape,” said Belhoul, “with Abu Dhabi taking the first steps almost a decade ago. As our neighbours join us in the race to adopt renewable energy, Masdar’s regional and global experience will reinforce efforts to address energy security through the deployment of renewable power.”

Dr. Belhoul concluded the address by emphasizing how the World Future Energy Summit presents an opportunity to share experiences and forge partnerships that will enable the region and the world to diversify the energy mix.