GreenGulf

QSTP and GreenGulf Launch Solar-Energy Trials

GreenGulf

Doha, 18th March 2009: GreenGulf Incorporated, Qatar Science & Technology Park and consortium partners today agreed to establish an experimental facility to study different solar-to-electricity conversion methods. The project has the patronage of Her Highness Sheikha Mozah Bint Nasser Al-Missned, Chairperson of Qatar Foundation.

The facility will be located at QSTP, which was officially inaugurated on 16th March. QSTP’s focus areas include energy and the environment, both of which are addressed by the GreenGulf project.

In the first phase of the project, GreenGulf will run trials of photovoltaic and solar-thermal electricity generation techniques. Of particular interest is the performance of each technology in Qatar’s particular environmental conditions of dust, heat and humidity.

The venture then aims to establish a 500 kW pilot plant using the most appropriate technology which would supply electricity to Education City, of which QSTP is a part.

Dr. Tidu Maini, Executive Chairman of Qatar Science & Technology Park said: “I couldn’t think of a better way of marking our inauguration than by creating this partnership with GreenGulf. The science park is here to bring cutting-edge technologies to life for the benefit of Qatar’s environment and its people, and solar energy is one of the strategic areas where we think we can make the most impact.”

He continued: “We see solar as a realistic and achievable renewable energy source for Qatar. The GreenGulf venture is a crucial step in studying and developing the technology, while keeping our firm eye on commercialising the results as well through a pilot plant. This helps us accelerate Qatar’s goal of becoming a post-carbon economy.”.

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About GreenGulf

GreenGulf is a Renewable Energy business based in Qatar. The company is focused on investment in the development and management of large scale renewable energy assets in Europe, the Middle East and Asia. GreenGulf is committed to the development of renewable energy to address climate change and global dependence on fossil fuels. www.green-gulf.com

About Qatar Science & Technology Park

Qatar Science & Technology Park works to transform Qatar into a knowledge economy by attracting commercially-oriented research and development. Part of Qatar Foundation, founded by the Emir, QSTP is co-located with campuses of Carnegie Mellon, Texas A&M, Weill Cornell and other renowned universities. QSTP provides an environment for local and international companies to interact with the universities and develop new technologies. EADS, ExxonMobil, GE, Microsoft, Shell, Total and others have already committed $225m of R&D investment at QSTP. www.qstp.org.qa

For QSTP: Khaled Al Mohannadi kalmohannadi@qstp.org.qa +974 501 1505

For H&K: Nihal Rasheed Nihal.Rasheed@hillandknowlton.com +974 655 3833