3 Advantages For PV Industry To Invest in UAE
Dec 02, 2022
To adapt to the new development situation, there are many options to go global, but for the photovoltaic industry, the investment industry in the UAE has three outstanding advantages: first, the geographical location of the UAE is superior; Second, the UAE has one of the lighting conditions in the world, with an average of 3,000 to 4,000 hours of effective power generation per year. Third, the photovoltaic market in the Gulf region, including the UAE, is promising. On December 1, Hao Sihuan, deputy general manager of Jiangsu Overseas Cooperation Investment Co., LTD., introduced the investment environment of China-Arab States (United Arab Emirates) production capacity cooperation Demonstration Park at the "2022 China Photovoltaic Industry Annual Conference CPIA and (Chuzhou) Photovoltaic High-quality Development Summit Forum" hosted by China Photovoltaic Industry Association.
In recent years, with the gradual changes in the international economic and trade environment and the comprehensive construction of a new development pattern of domestic and international double cycle, more and more enterprises are gradually taking the Belt and Road construction as an opportunity to actively layout overseas and build stronger capabilities.
To adapt to the new development situation, although there are many options to go global, for the photovoltaic industry, the investment industry in the UAE has more prominent advantages:
First, the UAE is located at the intersection of the three continents of Europe, Asia and Africa, and its layout here can radiate a broader market.
Second, the UAE has one of the lighting conditions in the world, with an average of 3,000 to 4,000 hours of effective power generation per year.
Third, the photovoltaic market in the Gulf region, including the United Arab Emirates, is promising. Despite the abundant oil and gas reserves in the region, the Gulf countries are continuing to diversify their power generation structure.
In recent years, a number of photovoltaic projects in the UAE have been rapidly launched, and a number of Chinese companies are also involved. The UAE is expected to have 8.5GW of installed PV capacity by 2025. At the same time, overseas investment also faces huge risks and challenges, such as political risk, financial risk, legal risk and management risk, which need to be paid attention to.
Hao Sihuan pointed out that in the choice of investment destinations, the need for comprehensive consideration, careful choice. It can be said that the United Arab Emirates is one of the investment destinations with the lowest risk and the highest safety in the world. Its low risk is mainly reflected in the stable political environment, stable business environment and stable financial environment.
