Hong Kong Companies Tap Into Middle East's Renewable Energy Boom
Key Ideas
  • Hong Kong companies like Templewater and Forward Winsome are exploring partnerships in Qatar and Kuwait for renewable energy projects.
  • Templewater is in discussions to supply hydrogen-powered buses to Qatar and Kuwait as part of the region's energy transition.
  • Forward Winsome Industries has signed agreements in Kuwait for solar energy development, emphasizing the importance of high-temperature-resistant technologies.
  • The Gulf Cooperation Council countries aim to invest USD 100 billion in renewable energy projects by 2030, providing significant opportunities for international cooperation.
As Middle Eastern nations strive to diversify away from oil dependence, Hong Kong businesses are actively engaging in the region's renewable energy sector. Templewater, known for owning Citybus in Hong Kong, is in talks with Qatar and Kuwait to supply hydrogen-powered buses following a successful pilot program in the UAE. Chairman Cliff Zhang Kun sees significant potential for solar and wind energy in the Middle East, highlighting the role of green hydrogen in the region's energy landscape. The Hong Kong delegation, led by Chief Executive John Lee Ka-chiu, aims to enhance trade and clean energy cooperation in the region. Another company, Forward Winsome Industries, is focusing on solar energy partnerships in Kuwait, emphasizing the importance of designing products for high-temperature environments. With the GCC countries committing to substantial investments in renewables and setting ambitious energy goals, Hong Kong's expertise and access to Chinese manufacturing offer promising avenues for collaboration and growth in the region.
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