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In an interview, CEO of Tamkeen (Bahrain’s labour fund) Husain Mohamed Rajab said that renewable energy and related manufacturing will be an important sector for Bahrain. Currently, Bahrain highly relies on oil and gas for its electricity needs. But renewable energy is an important aspect of the Kingdom’s Vision 2030.
Rajab said, “Renewable energy is one of the key sectors that are growing in the region. GCC is one of the most energy-rich regions globally. And that drives a lot of interest from governments to support the growth and development of any activity in this sector. Definitely manufacturing of solar panels or anything that has to do with renewable energy is considered as a priority for us.”
Faisal Khalifeh, the Founder and Managing Director of Solar One said, “It just feels good to be part of Bahrain’s goals, with their renewable energy targets.” Apart from China, Bahrain is one of the biggest aluminium smelters.
CEO Ali Al Baqali said, “Nobody can compete China. China is producing more than half of the total production of the world. But I think there is a strong demand in the market. The smelter is very energy-intensive. We are producing electricity through natural gas. We know that there is issues about natural gas. We are certified as green aluminium. However, there are challenges to reduce this number. That’s why we are putting a lot of initiatives to be more green, to tackle all these aspects in the future.”
Recently, Al Baraka Islamic Bank (AIB) launched a solar financing package for customer who wants to install solar systems in Bahrain with Al Harbi Contracting Group. Solar systems have low maintenance costs and low installation costs.