• Home
• /
• Local business

Alubond Solar Collector Panels Can Save Cost by $ 70 Million

DUBAI - The new innovation in solar collector panels could bring about savings of around $ 60-70s million and reduce the time for installation by around 5-7 months. According to Ronald Whelan, representitive Suntrof Systems LLC.

He was speaking to Khaleej Times at the presentation on Solar Energy System at Kimpenski Hotel, Ajman.

He said area of 3 to 3.5 acres was needed to generate 1 MW of electricity, while the life span of a solar plant is roughly thirty years.” Ronald noted that the partnership with Mulk Holdings, which manufactures the Alubond Solar Collector Panels, was crucial in making tremendous progress in solar generation systems.

Khurram K Nawab, Director of Business development Alubond USA and the developer of the Alubond Solar collector panels, said: “Solar energy sector will be attracting billion of dollars investments in the wake of eroding investors confidence in stock markets and real estate sector— and will emerge as main tool of jobs creation for the next decade.’’

The presentation was jointly organised by the Suntrof Energy Group USA, which consists of the USA based solar energy giants Suntrof LLC, UAE based multinational Mulk Holdings who make, the Alubond Solar Collector Panels, and TGV group who have had more than three decades experience in power generation projects.

The presentation was aimed to showcase the advances that the companies have made, in making solar power cost-effective for mainstream adoption as well as introducing the latest innovations that have taken place.

The key innovation in solar power generation, has been replacing heavy mirrors with Alubond solar collector panels, which are 4 times lighter than heavy mirrors and reduced metal sub structure by 300 per cent.

He also said that Suntrof Parabolic Trough systems were able to lower operational and maintenance costs using a stationary tube as opposed to a conventional moving tube.

About the cost of solar energy, Ronald said: “The difference of cost per unit produced by traditional and solar, depends on which part of the world it is being produced, but roughly, electricity produced by the nuclear energy is somewhere between US 16 cents per kilowatts, while solar energy for the same unit is around 10 to 11 US cents. While the life span of a solar plant is roughly thirty years, industry uses it as a standard.”

Vice-President and Mulk Holdings Group Chairman Shaji Ul Mulk, in his keynote address said: “Solar Power represents the most beneficial technology that can power up the Middle East. With its zero pollution and the abundance of areas where we can harvest solar power, there’s no question that with adequate support from the governments and large scale adoption by consumers, solar power could become a major source of power here.


aneela@khaleejtimes.com