Masdar chief urges Saudi Arabia to tap wind energy

Mohamed Jameel Al-Ramahi, CEO of Masdar. (Photo courtesy: social media)
Updated 11 November 2017

Masdar chief urges Saudi Arabia to tap wind energy

DUBAI: Wind power represents a huge untapped source of energy for Saudi Arabia, according to the CEO of Masdar.
Saudi Arabia’s Red Sea coast enjoys attractive wind resources similar to parts of Jordan where the Abu Dhabi-based company has also helped to develop wind power, said Mohamed Jameel Al-Ramahi, CEO of Masdar, in an interview on the sidelines of a World Economic Forum event in Dubai.
But the renewable energy source may be more challenging to develop in Masdar’s UAE home, where it has also been assessing its potential.
“In the UAE, it is not feasible,” he said. “We do have certain pockets of wind corridors where we could use new technology – for example now you have slow wind turbines for slow wind speeds –that could potentially be OK for these regions – but still the pricing is not right.’
Saudi Arabia offers considerably more potential for the development of wind energy.
“In the Kingdom of Saudi Arabia, wind will play a very important role. It is blessed with a lot of resources – not only solar,’ he said.
Masdar is the region’s largest exporter of renewable energy – operating utility-scale projects as well and a player in everything from off-grid power generation in Africa to autonomous vehicles.
Al-Ramahi said that Masdar was actively targeting projects in the Kingdom, which has started to invest heavily in renewable energy as part of a broader economic reform plan aimed at reducing its reliance on oil.
The Kingdom wants to develop about 9.5 gigawatts of renewable energy by 2023 – with solar power accounting for the lion’s share.
Masdar has invested about 10 billion dirhams ($2.7 billion) in projects worldwide.

Germany: US calling European cars a threat is ‘frightening’

Updated 20 min 24 sec ago

Germany: US calling European cars a threat is ‘frightening’

  • ‘If these cars ... suddenly spell a threat to US national security, then that is frightening to us’

MUNICH, Germany: German Chancellor Angela Merkel on Saturday labelled as “frightening” tough US trade rhetoric planning to declare European car imports a national security threat.

“If these cars... suddenly spell a threat to US national security, then that is frightening to us,” she said.

Merkel pointed out that the biggest car plant of German luxury brand BMW was not in Bavaria but in South Carolina, from where it exports vehicles to China.

“All I can say is it would be good if we could resume proper talks with one another,” she said at the Munich Security Conference.

“Then we will find a solution.”

A US Commerce Department report has concluded that auto imports threaten national security, setting the stage for possible tariffs by the White House, two people familiar with the matter said Thursday.

The investigation, ordered by President Donald Trump in May, is “positive” with respect to the central question of whether the imports “impair” US national security, said a European auto industry source.

“It’s going to say that auto imports are a threat to national security,” said an official with another auto company.

The report, which is expected to be delivered to the White House by a Sunday deadline, has been seen as a major risk for foreign automakers.

Trump has threatened to slap 25 percent duties on European autos, especially targeting Germany, which he says has harmed the American car industry.

After receiving the report, the US president will have 90 days to decide whether to move ahead with tariffs.

Trump in July reached a trade truce with European Commission President Jean-Claude Juncker, with the two pledging no new tariffs while the negotiations continued.

Brussels has already drawn up a list of €20 billion ($22.6 billion) in US exports for retaliatory tariffs should Washington press ahead, the commission’s Director-General for Trade Jean-Luc Demarty told the European Parliament last month.

The White House has used the national security argument — saying that undermining the American manufacturing base impairs military readiness, among other claims — to impose steep tariffs on steel and aluminum imports, drawing instant retaliation from the EU, Canada, Mexico and China.

Trading partners have sometimes reacted with outrage at the suggestion their exports posed a threat to US national security.