Saudi Arabia, Canada to hold renewable energy seminar

Updated 28 October 2014

Saudi Arabia, Canada to hold renewable energy seminar

A Canadian trade delegation, headed by Canada’s Deputy Minister of International Trade Simon Kennedy arrived in Saudi Arabia on Monday to meet several Saudi officials and major firms with a special focus on renewable energy in Saudi Arabia.
Canadian Ambassador Thomas MacDonald said Canada’s first renewable energy mission, which is focused on solar technology, will visit the King Abdullah City for Atomic and Renewable Energy (KACARE), the Saudi Electricity Company (SEC), ACWA Power and other industry leaders.
The envoy said Kennedy and the chairman of the Saudi Arabia Solar Industry Association (SASIA) will host a business seminar for the mission Wednesday at the Al Mashreq Boutique Hotel to introduce Canadian companies to Saudi partners for renewable energy projects in the Kingdom and elsewhere in the Middle East.
According to him, the visit comes amid recent reports that KACARE received a request from SEC for the establishment of solar energy plants in Qaisumah, Rafha, Wadi Al-Duwasir, Mahd Al-Dhahab and Shororah, and a report that ACWA Power is seeking to secure or arranging financing for $7.4 billion worth of renewable energy projects.
He stated that there will be a commercial signing ceremony during this visit. The Canadian delegation includes SkyPower, which concluded a joint venture — Fawaz Alhokair (FAS) Energy. In May 2014, the joint venture announced a five-year, $5-billion deal to build solar projects in Nigeria.
Canadian Solar, a supplier of 1.78 megawatts of solar photovoltaic panels to Saudi Aramco for the Kingdom’s largest ground-mounted solar installation at the King Abdullah Petroleum Studies Research Center also is part of the delegation. In addition, QD Solar, Silfab, Morgan Solar and Jeco Power and AESP-Green Energy are manufacturers and developers of leading energy-saving LED (light-emitting diode) lighting systems.
MacDonald said renewable sources generate up to 65 percent of Canada’s electricity. Solar and wind are the country’s two fastest growing sources.
According to him, Solar photovoltaic capacity reached 1,210 megawatts of cumulative installed capacity in 2013. The Canadian Solar Industry Association forecasts that annual capacity will increase three folds by 2025. By then, the Canadian solar industry will support more than 35,000 jobs, displacing 15 to 31 million tons of greenhouse gas emissions per year.
Canada has two of the largest solar farms in the world — the Arnprior and Enbridge solar farms, both located in Ontario, Canada’s largest province. Total private investment in Ontario’s photovoltaic installations is $12.9 billion.
Ontario phased out coal-fired generators in April 2014 — North America’s largest single climate change initiative.
Between 2003 and 2012, Canada registered an estimated 233 patents in photovoltaic technology with the US Patent and Trademark Office.
“Thanks to Canada's generous R&D tax credits, the after tax cost of $100 in R&D expenditure is closer to $50, making Canada a partner of choice for developing renewable energy products,” he added.

Popeyes flexes its muscles in China as KFC feels the heat

Updated 50 min 57 sec ago

Popeyes flexes its muscles in China as KFC feels the heat

  • Popeyes signed a lease in Shanghai for its first store in China on Monday

SHANGHAI: US fried chicken chain Popeyes wants to become the top chicken brand in China, the chief executive of its parent company said on Tuesday, as it prepares to take on KFC, the leading player in the world’s most populous market.

Popeyes signed a lease in Shanghai for its first store in China on Monday, which is expected to open next year.

The company outlined plans in July to build 1,500 restaurants in China in the coming decade, becoming the last of Toronto-based Restaurant Brands International Inc’s main brands to enter the country.

By contrast, Yum China’s KFC has about 6,300 stores. Yum has said that it is acutely aware there is more opportunity to expand in China, noting that while it was in 1,300 Chinese cities, there are still as many as 800 cities without a KFC store.

Popeyes’ July plan was “just really to put a framework on the short-term potential business,” Jose Cil, RBI’s CEO said in an interview in Shanghai.

“I think we can be the No. 1 chicken brand here in China and all around Asia,” he said, adding that consumers in the region were looking for options. He dismissed concerns that a slowing China economy and trade tensions had dimmed prospects for growth in the long term.

Cil’s remarks comes as the Cajun-inspired fast food chicken chain experiences a surge in popularity in the US after a newly launched fried chicken sandwich went viral on social media.

Demand was such that Popeyes had to stop taking orders after only two weeks before relaunching it this month.

The sandwich will also be offered in China, he said.

Cil noted that RBI’s other two main brands had seen rapid growth in China.

Burger King has expanded to around 1,100 stores in China from less than 100 in 2012. “We think we’ll keep growing at a steady pace,” Cil said.

And Tim Hortons, its Canadian coffee chain, just opened its 28th store in China after launching there in February.

“We are preparing ourselves to be able to accelerate growth in the coming years,” Cil said of
the brand.