Despite having considerable solar and wind potential, renewable energy makes a minimal contribution to power generation across most of the MENA region, and in particular in the GCC where traditionally low cost oil and gas production has stifled its development.
According to the latest report by MEED Insight, Mena Renewable Energy 2012, states right across the region are now planning a substantial hike in renewable energy capacity over the coming decade to meet high power demand growth, limit the use of oil and gas feedstock in power generation, and take advantage of a forecast drop in solar and wind generated electricity.
Published on: 10/10/2011
Despite having considerable solar and wind potential, renewable energy makes a minimal contribution to power generation across most of the MENA region, and in particular in the GCC where traditionally low cost oil and gas production has stifled its development.
According to the latest report by MEED Insight, Mena Renewable Energy 2012, states right across the region are now planning a substantial hike in renewable energy capacity over the coming decade to meet high power demand growth, limit the use of oil and gas feedstock in power generation, and take advantage of a forecast drop in solar and wind generated electricity.Ten of the 14 Arab states covered in this report have set 2020 renewable energy targets, ranging from 5 per cent of the total energy mix to 42 per cent. Even those that have not, such as Saudi Arabia and Iraq, are talking of implementing major solar power programmes. The targets imply that renewable energy capacity will have to rise three-fold to at least 27,000MW if they are to be met.
For most Arab states, raising the contribution of solar and wind power in the energy mix is only one part of the renewables drive, says Angus Hindley, MEED's Research Director, and author of the report. Increasingly, governments see the capacity push as nurturing new solar-related manufacturing, which will not only create much-needed employment but also assist in economic diversification.
Along with providing a detailed analysis of the existing renewable energy sector across the MENA region, this report offers you a detailed forecast for demand growth, additional capacity and investment requirements to 2020. You will benefit from detailed insight into:
• Renewable energy targets of 14 Arab states to 2020
• Data on existing renewable energy capacity and planned projects
• The effect of high demand growth and the forecast rise in solar and wind generated electricity on planned capacity
• The effect of civil unrest in 2011 on renewable energy plans
• Plans to create much-needed employment and economic diversification through renewable energy industry and much more?
To access exclusive data, research and analysis along with many tables, graphs, charts and maps you can order your copy here.
Source: Angus Hindley
Head of Research, MEED
Telephone: +971 (0) 4 367 1302 Fax: +971 (0) 4 368 8023
