June 25, 2014 - Petra Solar announced today that it, along with its partner Caspian Renewable Energy, Inc., has successfully completed the installation of the 5MW Smart Solar power plant in the Middle East.
The 5MW project will be owned by BAPCO (Bahrain Petroleum Company) and will deliver in excess of 8,000 MWh of clean renewable energy. In real terms this capacity will present an energy offset of 67,000 Mcf of natural gas and a savings of 6,900 metric tons of carbon dioxide emissions each year. Inaugurated June 25th at the historic Awali Township, the 5MW BAPCO project marks the first phase of the "Let Bahrain Shine" initiative.
"BAPCO is very excited about this project, being the first of its kind in the Middle East, it will be a proud showcase," said Adel Almoayyed, CEO of BAPCO. "We expect that this project will be the first step in Bahrain’s march towards a solar future."
"In addition to the technological value created as a result of this bilateral cooperation, this project marks an important milestone in the public-private partnership between Bahrain and the United States," said M. Marty Youssefiani, Chief Executive of the Washington DC based Caspian Renewable Energy, Inc. "Our consortium's commitment to the Kingdom is long-term, multi-faceted and will be including investment tracks in the field of R+D and manufacturing to firmly position Bahrain as the region's standard bearer of smart, clean energy."
"The completion of this BAPCO project marks a significant and exciting moment for us and our partners in Bahrain," said Steve Rhoades, Chief Executive Officer of Petra Systems. "The installation demonstrates the evolution of solar power generation from passive power systems to dynamic and intelligent generation, sensing, and control assets that provides valuable insight into grid health and can be used to improve grid quality. We are honored to be a part of a project of this importance to Bahrain and look forward to continuing to help Bahrain become a world leader in solar innovation."