Monday, November 29, 1999

Suzlon sees slow Mideast wind energy growth

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Suzlon Energy expects the Middle Eastern wind energy market to remain small in size as governments have not yet moved to provide frameworks to boost the industry, its head said on Saturday.Tulsi Tanti told Reuters on the sidelines of a conference in the Bahraini capital Manama that he expected the Middle Eastern market for newly installed wind energy capacity to reach 10-15 gigawatts over the next two decades.He said, in comparison, the European market was estimated at 100-150 gigawatts over the coming ten years."Currently there is no political framework (in the Middle East), the governments have to come with clear targets as to what they hope to achieve by 2020," said Tanti, whose company is a major wind turbine maker.Europe and India have set the target of generating 20 percent of their energy production with renewable energies by 2020.The Gulf Arab region is increasingly considering investments in alternative energies to meet the rising energy consumption of its growing economies and consume less of its fossil energy resources at home so it can instead sell these on world markets.But governments have yet to launch large-scale investments or regulatory frameworks.Elsewhere in the Middle East, Egypt plans to generate some 20 percent of its energy from renewable sources by 2020, including through building wind farms along its eastern Red Sea coast.(Reporting by Frederik Richter; editing by Firouz Sedarat/Ruth Pitchford)
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