Emirates Insolaire generates huge interest across the globe for solar glass panels

Emirates Insolaire LLC, a pioneer in the development and application of new solar technologies and a subsidiary of Dubai Investments PJSC [DI] – a leading investment company listed on Dubai Financial Market [DFM], has announced that the company’s revolutionary solar glass technology has generated a lot of interest, enquiries and first orders from across the globe.  After having shipped the first few thousand square meters for demonstration and certification purposes, the company, which manufactures first-of-its-kind coloured solar glass panels in the world, has already started the production process of 20,000 square metres for the European market, in line with its commitment to adhere to industry best practices and quality standards.The demand and market potential for the coloured solar panels can be gauged from the fact that Emirates Insolaire has received enquiries from across the world, including Saudi Arabia, Qatar, Kuwait, Egypt, Bahrain, Lebanon, as well as from all European countries, Asia, the US, among others.

Emirates Insolaire also showcased its world’s first coloured solar products at Intersolar Munich – the world’s largest exhibition for the solar industry, which was held in Munich from June 4 to 6. Latest innovations in Photovoltaics and solar sector were on display and Emirates Insolaire generated a lot of buzz and product demand at the iconic exhibition.

Rafic Hanbali, Managing Partner of Emirates Insolaire, and Chairman-CEO of SwissINSO – DI’s partner in the Company said: “We bring, exactly at the right moment, a revolutionary product to the table, which has a huge latent demand across the globe from markets which were waiting for it. Our breakthrough glass is optimized for both photovoltaic modules as well as solar thermal collectors. In particular, the solar PV industry has reached a critical tipping point, with end-market demand hitting rapid growth levels almost every quarter – so we are quite bullish on our future prospects.”

In particular, the photovoltaic market has grown 40% year-on-year. The number of installations foreseen for 2015 is 160 GW – approximately 800 million square meters of glass. Furthermore, the share of BIPV [Building Integrated Photovoltaic] for roofs and facades, one of the specialisations of Emirates Insolaire, is witnessing the quickest growth.

“This could be for legal reasons (such as the European Union decree for zero energy buildings), or economic reasons, or simple logic. The future will rather see each building or group of buildings producing their own energy needs and not receiving energy, independently of the energy source at that place, from remote locations with high land cost and high energy transportation cost. What was not easily accepted earlier for aesthetical reasons, is now possible with the energy elegant dress that Emirates Insolaire can put on every house and building, bringing an important relief to our home planet, and a financial one to the energy user,” added Hanbali.

Emirates Insolaire is part of Glass LLC, the glass pioneers in the Middle East, and a joint venture of DI and SwissINSO SA, a Switzerland-based industry leader in new solar technologies and products. The company uses KromatixTM technology for its solar glass panels, and the entire production process is in place at the Emirates Glass manufacturing facility in the UAE.

600450 Emirates Insolaire generates huge interest across the globe for solar glass panels glassonweb.com
Date: 13 June 2014
Source: www.dubaiinvestments.com

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