The global energy market is currently undertaking the transition of its energy infrastructure to include more renewable and low-carbon energy.
The 2011 UNDP’s Global Trends in Renewable Energy Investment report says that global investments in renewable energy stood at $US211 billion for 2010, an increase of 30 percent year-on-year – with investment by developing countries outstripping that of the developed world for the first time. Investment in renewable in the Middle East hit US$5 billion in 2010 – an increase of 104 percent from the year before. These trends illustrate the potential of the MENA region to emerge as a hub of renewable expansion.
Partnerships and collaboration are key to building the businesses that can help fuel the renewable energy market, and the idea of the Project Village at World Future Energy Summit stemmed from the need of a platform to facilitate such partnerships.
Launched in 2011 in association with Ernst & Young and Bloomberg New Energy Finance, the Project Village provides a platform to conduct business in the renewable energy and low carbon market by maximizing networking and business opportunities during the Summit.
At the Project Village, project developers from large multinational companies, rapid growth companies and start ups will be able to discuss their latest innovations and research and development projects with leading technology and finance solution providers. Developers will have dedicated booths to showcase their projects and a theatre room to conduct business presentations ensuring maximum exposure of budding projects during the exhibition.
The 2012 Project Village is hosting projects from the Middle East, India, Africa and beyond as part of this initiative.
If you are interested in being part of the Project Village for 2012, please have a look at the qualifying criteria and deadlines on the Summit website.