Emirates Insolaire generates huge interest
across the globe for solar glass panels
 Company sends products for requisite certifications in Europe & US
 Production processes in place & ready to tap into massive potential
Dubai, June 11, 2014: 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.
About Dubai Investments:
Incorporated in 1995, Dubai Investments PJSC is a leading investment company listed on Dubai Financial Market with over
19,894 shareholders, and paid-up capital of AED 3.5 billion. The company works in manufacturing, financial investments, real
estate development and mergers and acquisitions. The portfolio comprises of six large investment units – Glass LLC, Dubai
Investments Industries [DII], Masharie Company LLC, Dubai Investment Park [DIP], DI Real Estate Company [DIRC] and Al Taif
Investment.
DI owns around 40 subsidiaries and joint ventures encompassing a diverse range of sectors including manufacturing of
construction-related materials, food and dairy products, pharmaceuticals, industrial and commercial properties, real estate
management and property development, marketing and sales, information technology solutions, driver education, district
cooling, and financial investments.
DI’s primary mission is to add value and to grow its investment portfolio through active strategic stewardship, financial
engineering and leveraging its corporate brand, business promotion capabilities, network of relationships, and financial
resources.
About Glass LLC
Glass LLC, the first glass holding company in the Middle East, is dedicated to meeting the growing needs of the regional glass
industry. Glass LLC incorporates five subsidiaries: Emirates Glass LLC, one of the largest processors of flat architectural glass in
the region; Emirates Float Glass, one of UAE’s first integrated glass manufacturing and processing facility in Abu Dhabi;
Lumiglass Industries, makers of automotive and architectural laminated glass products, the Saudi American Glass Company, one
of the largest glass manufacturers in the Middle East, and Emirates Insolaire LLC – a pioneer in the development and application
of new solar technologies and products.
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