General Electric’s environmental arm, ecoimagination, expects double-digit growth in its Middle East business as energy and water efficiency moves up high on the agenda of governments.
This region has been growing at a rate of speed that is greater than some of the other regions,” said Deb Frodl, global executive director at ecomagination.
“This is exceeding the global average. Europe can be slow the US has been fairly slow.”
Ecomagination, which has more than 1,000 clean technology patents and 105,000 patents overall, is involved in power generation, water solutions, wind turbines, gas turbines, renewables, Leed lighting among others.
GE this week opened an ecomagination centre in low-carbon Masdar City in Abu Dhabi.
The emirate of Abu Dhabi is targeting to produce 7 per cent of its energy from renewables by 2020 as part of plans to meet power demand and increase reliance on clean energy. It has set up the green energy company Masdar, which is building solar power plants in the emirate as well as other solar and wind projects globally.
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