(Yicai Global) Nov. 6 -- China has agreed a deal with the Arab League to construct a clean energy training center in Beijing to foster projects related to solar and wind power, as well as smart grid technology.
"Developing clean energy to achieve energy capacity from multiple sources will promote energy transition efforts and environmental development in the Arab region," China's National Energy Administration Deputy Director Liu Baohua said at the sixth China-Arab States Energy Cooperation Conference held yesterday in Beijing where the deal was signed.
"China and Arab states have complementary advantages in the clean energy sector and there is great potential for cooperation," he added.
China and Arab states should enhance policy planning and technological communications, Liu said, adding that the pair should cooperate on projects related to the clean energy training center. They should also work closely with the World Bank, the Asian Infrastructure Investment Bank and other financial institutions while promoting a cooperation model combining the energy and finance sectors, he added.
The China-Arab states cooperation in the energy sector will create a huge market and bring more opportunities for their economic development, said Kamal Hassan Ali, the assistant secretary general for economic affairs of the Arab League. China has advanced technologies and rich experience in solar power generation and there exists an opportunity for in-depth cooperation with Arab states, he added.
Saudi Arabia, Kuwait, United Arab Emirates and Egypt have rolled out plans in recent years to reduce their reliance on traditional energy, develop clean and renewable energy and achieve sustainable economic development.
The UAE announced plans to invest USD163 billion in renewable energy development early last year with the aim of increasing the proportion of clean energy in its domestic energy consumption structure to 50 percent. Egypt plans to raise the proportion of the electricity generated from clean energy to 20 percent by 2022 and 40 percent by 2035.
Editor: William Clegg