The Middle East is accelerating its energy transition with Arab countries pledging to triple global renewable capacity by 2030 and expecting $1 trillion in regional renewable investments by 2040.

Renewables in the region grew 12.8% in 2022, and solar and wind accounted for 90% of new capacity additions that year, underscoring momentum toward clean energy.

The MENA region has world-class solar resources exceeding 2,000 kilowatt-hours per square meter per year, yet solar currently provides just over 2% of the regional energy mix, leaving substantial room for growth.

Regional roadmaps align with the COP28 pledge to expand renewable capacity and double energy efficiency by 2030, with batteries and smart grids identified as critical enablers of integration.

By 2027, Arab renewable capacity is projected to reach 45 GW, and the region aims to add 73 GW of solar and wind by 2030, driven by national targets and utility-scale projects. [1].

GCC renewable capacity expanded from 176 MW in 2013 to 5.6 GW in 2022, reflecting rapid deployment supported by declining solar costs and policy support.

The UAE leads Arab countries in solar generation, with 3,040 MW of installed solar capacity and plans to triple its renewable contribution by 2030.

The Mohammed bin Rashid Al Maktoum Solar Park in Dubai is already at 1,527 MW (PV) and scheduled to reach 5,000 MW by 2030 using both PV and concentrated solar power technologies. [33][34].

The park’s sixth phase will add 1,800 MW using bifacial PV and single-axis tracking, and DEWA is pairing solar with a Green Hydrogen pilot targeting 400 kg/day of production. [37][38].

DEWA is also piloting lithium-ion battery storage (1.21 MW/8.61 MWh) and building CSP with 15-hour thermal storage as part of a 950 MW complex to deliver dispatchable solar.

Abu Dhabi’s 2 GW Al Dhafra Solar Power Plant uses double-sided panels and cuts emissions by 2.4 million tons annually, complementing Noor Abu Dhabi’s 1 million tons per year reduction and Shams 1’s 175,000 tons per year. [40].

Abu Dhabi has invested $40 billion in clean energy over 15 years, targets 60% of electricity from clean sources by 2035, and expects clean energy to reach 8.8 GW and 55% of electricity by 2025.

Nationally, the UAE has invested over $50 billion in renewables, aims to double its renewable supply by 2030, and to achieve net zero by 2050.

The UAE plans to reach 14 GW of clean energy by 2030, invest AED 150–200 billion in renewables, and reduce 6.5 million tonnes of CO2 annually through its solar build-out. [11].

Saudi Arabia targets 50% of power from renewables by 2030 and net zero by 2060, and it has adopted programs to mitigate emissions while leveraging vast sites for solar and wind. [16][18].

At NEOM, Saudi Arabia is building a 2.2 GW solar PV plant integrated with 2 GW of electrolysis to produce 600 tons of green hydrogen per day, supported by 400 MWh of storage and total investment of $8.4 billion.

Saudi projects include a 400 MW PV plus 1,300 MWh battery storage system at NEOM, with ACWA Power and Huawei collaborating on advanced storage to optimize cost and performance. [75].

The Kingdom aims to reduce emissions by 278 million tons of CO2 by 2030, and hosted MENA Climate Week 2023 to advance regional transition dialogue. [26].

Egypt targets 42% renewables in power by 2035 and has the Benban complex, the largest solar plant in Africa and the Middle East, with 1,808 MW implemented and 720 MW underway.

Egypt had 1.59 GW of installed solar by 2022 and plans to develop 24 GW of wind power to strengthen its renewable mix.

Egypt has signed $83–84 billion in renewable and green hydrogen agreements, set a 61 GW renewables capacity target by 2035, and aims for 100 GW of renewables within 10 years. [45].

An Egypt–Saudi Arabia HVDC interconnection (3,000 MW, $1.8 billion) is due by 2025, enabling bidirectional power exchange and improving grid reliability.

Egypt supports renewables with tax exemptions, a feed-in tariff, subsidies and grants, and subsidized land allocation, backed by a clear legal framework under Electricity Law No. 87 of 2015.

Jordan achieved 31% renewables by 2023, aims for 50%, and provides 0% interest solar loans for farmers to accelerate deployment. [19].

Oman targets 20% renewable consumption by 2030, operates the 607 MW Ibri PV plant, and aims to produce 1 million tonnes of green hydrogen by 2030. [13][39].

Kuwait targets 15% renewables by 2030 (and 50% by 2050), endorsed IRENA in 2010, and operates the 50 MW Shagaya solar plant as a landmark project. [15].

Iraq targets 12 GW of renewables by 2030, has a $680 million clean energy fund, abundant sunshine, and low-interest loans to support solar uptake despite grid constraints. [46].

Government incentives and finance are expanding, with the UAE offering subsidies and tailored financing through Emirates Development Bank to support solar market growth. [11].

Green finance in MENA reached $3.8 billion in 2020 and is rising, while renewables are expected to represent 34% of electricity investment in the region by 2026.

The Middle East is scaling grid and storage readiness, with batteries essential for integrating variable renewables and smart grids pivotal to achieving COP28 goals.

The UAE is building pumped storage at Hatta Dam (1,500 MWh) and advancing a combined CSP-PV complex with long-duration storage, while Qatar institutions develop safe large batteries for grid integration. [34][70].

Saudi Arabia’s NEOM will host one of the world’s largest battery energy storage projects (about 1,300 MWh), underscoring the region’s storage-led integration strategy.

Cross-border infrastructure is advancing via the Egypt–Saudi HVDC link and broader initiatives to strengthen regional interconnections for balancing and flexibility.

Regional policy ambition is matched by global supply chain engagement, with Chinese firms exporting 11.4 GW of PV modules to the Middle East in 2022 and investing in local manufacturing and deployment.

Engineering firms such as Larsen & Toubro are executing multi-gigawatt solar EPCs (3.5 GW), reinforcing the region’s capacity to deliver large projects.

Economic impacts are substantial, with $879 billion in energy investments expected over five years and 5.6 GW of renewable capacity added in 2022 toward 33 GW by 2026.

The transition is set to create 225,000 regional jobs by 2030, support GDP growth, and diversify economies through new industries like green hydrogen. [49].

The MENA region is projected to supply 10–20% of the global hydrogen market by 2050, with annual revenues estimated at $120–200 billion as costs fall below $2/kg by 2030. [10].

The UAE expects the green transition to save $191 billion and is targeting 1.4 million metric tons of low-emission hydrogen by 2031. [23].

Solar PV offers some of the world’s lowest power costs in the UAE and Saudi Arabia, strengthening competitiveness and energy security.

Despite progress, integrating variable renewables at scale remains a challenge due to grid limitations, underscoring the need for storage, HVDC links, and regulatory reforms to reduce interconnection delays. [3][64].

Fossil fuels still dominate the regional energy mix, but MENA’s solar resource and technology cost declines position the region to increase renewable penetration rapidly. [3].

Climate outcomes are central, with the Al Dhafra and Noor Abu Dhabi plants jointly eliminating over 3.4 million tons of CO2 annually and Shams 1 cutting a further 175,000 tons per year.

The UAE targets net zero by 2050, Saudi Arabia by 2060, and Egypt aims for 42% renewables by 2035, aligning national goals with global climate commitments. [17][18].

Regional temperatures are rising roughly twice the global average, heightening the urgency of renewable expansion and emissions reduction.

Overall, the Middle East’s solar-led transition—anchored by mega-projects, targeted incentives, and grid-storage upgrades—is reshaping energy systems, advancing climate goals, and catalyzing new economic opportunities across the region. [1][3][11].

The Middle East is accelerating its energy transition with Arab countries pledging to triple global renewable capacity by 2030 and expecting $1 trillion in regional renewable investments by 2040.

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Content: Sunday, 24 September 2023 02: 03 GMT
2030 Arab Goal to Advance Renewable Energy Capabilities Globally
(MENAFN- Al-Bayan) $(resize) .css ('font-size', newFontSize); return false;});});
Several Arab countries are accelerating to keep pace with the international aspiration to achieve the goal of tripling global renewable energy capacity by 2030, which is receiving widespread attention, amid various plans and strategies at national levels in many countries.
The Arab countries that are likely to play the largest role in this regard, according to industry experts, are the UAE, Saudi Arabia, Oman, Kuwait, Egypt, Jordan, Algeria and Morocco, by injecting more investments into this vital and promising sector.
During the recent G20 summit in New Delhi in September, G20 leaders expressed their support for all efforts to increase renewable energy capacity and pledged to accelerate measures to address environmental crises and challenges.
With this growing international interest in the energy transition, the plans are facing many challenges, including (but not limited to) access to finance, especially for low- and middle-income countries, with significant investment required over the coming years.
(Al-Bayan), a group of American academics and specialists in the renewable energy sector were surveyed about the main opportunities and challenges on the way to increase the desired capacity, the investments required to achieve that goal, and the extent of its expected environmental and economic repercussions.
Huge spikes.
Achieving the ambitious goal of doubling global renewable energy capacity in the near term will be reflected concretely in several contexts, explains Gregory Nemet, a specialist in the analysis of international energy systems and environmental policies at the University of Wisconsin. By 2030, it will deliver significant benefits in terms of jobs, economic development, and improved air quality, as well as putting the world on the path to addressing climate change in the long term.
“The costs of renewable energy, especially solar and wind, have dropped dramatically over the last 10 years, and most experts expect them to continue to fall, ” says Nemet, explaining that a clean, affordable source of energy creates huge opportunities, allowing global renewable energy capacity to be tripled by taking full advantage of it.
According to Nemet, the 3-fold increase also presents challenges, such as “access to finance for low- and middle-income countries, and investments in electricity grids to accommodate this growth ”, stressing that“ challenges can be overcome through sustained efforts and supportive policies, as we have seen many examples in the recent past. ” A sign of broad international cooperation is required in this regard.
Last year, renewable energy capacity (globally) increased by 9.6 percent to 3,372 gigawatts, an increase of a record 295 gigawatts, despite global uncertainty in light of geopolitical developments and the Ukrainian war, according to data published by the International Renewable Energy Agency (IRENA) on March 22.
Almost half of the new capacity from renewable energy in Asia has been added, with China contributing more than 141 gigawatts to the new capacity of the entire continent.
Renewable energy sources in Europe and the United States grew by 57.3 gigawatts and 29.1 gigawatts respectively.
African capacity increased slightly by 2.7 gigawatts.
According to IRENA data, although hydropower accounts for the largest share of total global renewable energy capacity at 1,250 gigawatts, solar and wind power continue to dominate new capacity, contributing 90% of total capacity last year.
Solar capacity came first with an increase of 22%, followed by wind power with an increase of 9%.
Policies and Incentives
University of Massachusetts academic David Turcotte, whose research interests include climate change and environmental justice, believes that there are many opportunities in the context of increasing global renewable energy capacity, due to increases in oil prices as a result of the Ukrainian crisis, which makes renewable energy sources more cost-effective, as well as worsening economic and human costs. Recurrent, more severe climate change disasters.
“Many developed countries have expanded policies and incentives to encourage increased capacity to produce renewable energy.
However, we still face a lot of challenges […]
That threatens to derail efforts to increase renewable energy capacity, and the transition to a clean energy economy.
Among these challenges is the lack of adequate funding to support increases in renewable energy capacity in developing countries, a challenge he described as “serious. ”
While international efforts are accelerating to target investments in the context of increasing global renewable energy capacity, those investments are still below the 1.5 ° C target.
This is shown by data from IRENA and the Climate Policy Initiative (CPI) released in February, which estimate the total volume of investments in renewable energy sectors during 2022 at $499 billion, up from $430 billion in the previous year 2021.
Developments in the world over the past year, especially with the start of the Russian military operation in Ukraine in February 2022, have also encouraged many countries to move more towards renewable energy sources, to overcome the energy crisis caused by the consequences of the war, in the interest of the desired goal of increasing capacity.
Required investments
John Hall, Professor of Mechanical Engineering at the Center for Energy Production and Infrastructure, University of North Carolina, United States, notes that “the goal of tripling global renewable energy capacity by 2030 is a challenge, and achieving the goal requires an intensive global strategy, focused on significant financial investment, technological innovation targeting these communities, inclusive policies, and collaborative efforts. ”
Speaking with Al-Bayan, he stressed that community participation and infrastructure development in underserved areas should be central to the strategy, leading not only to the promotion of the energy transition, but also to economic upgrading.
The International Renewable Energy Agency (IRENA) estimates that $4 trillion per year will be required in the clean energy sector until 2030 to strengthen global capacity in this regard.
Logistical challenges
Warren Mabey, an academic at Queen ’ s University who specialises in energy policy and natural resource management, told Al Bayan that “it is technically possible to triple global renewable energy capacity over the next six years, and this will put enormous pressure on the global supply chains that support the sector. and manufactured goods, necessary for the transformation process).
Mabe believes that “the cost will be enormous, and the logistical challenge may be too great to overcome ”, stressing the need for“ strong and consistent leadership from countries around the world to achieve this. ”
Arabic Steps
At the Arab level, five Arab countries (Egypt, Morocco, Oman, Saudi Arabia and the United Arab Emirates) are expected to account for about 72% of the region ’ s total growth in renewable energy, according to the Organization of Arab Petroleum Exporting Countries (OAPEC), which expects renewable energy capacity to reach 45 gigawatts by 2027, an increase of 3 times. Compared to the last five years.
The International Renewable Energy Agency (IRENA) estimates that in 2022, the Middle East saw the highest increase in renewables ever, with 3.2 gigawatts of new capacity added last year, a 12.8 percent increase over the previous year.
According to the Arab Renewable Energy Authority (AREA), the volume of investments by Arab countries in renewable energy projects is expected to reach $1 trillion by 2040, in light of the interest of Arab governments in this file, to achieve global environmental goals.
A Great Leap in 10 Years
According to the current data, the renewable energy sector in the region is expected to witness a huge leap in the next 10 years, at a time when eight Arab countries are leading this trend, according to the researcher in international relations and political economy, Abu Bakr al-Deeb, adviser to the Arab Center for Studies and Research, who tells Al-Bayan that the countries strongly candidate to move in this direction are:, Kuwait, Egypt, Jordan, Algeria and Morocco).
Aldeeb also cites the volume of electricity generated from renewable sources in the Middle East and Arab countries, which is expected to increase six-fold in 10 years through heavy reliance on solar photovoltaic energy, noting that the Arab region has “great potential ” to help launch major projects to produce energy from the sun. And wind, among these possibilities or advantages (the right climate, the bright sun most days of the year, as well as human expertise, and financial capabilities also for some countries).
The UAE is at the top of the list of Arab countries that produce electricity from solar energy, while Egypt is the largest country in the Arab world in terms of electricity production from wind energy, according to a report issued by (Global Energy Monitor), which Al-Deeb cites when explaining the progress made by some Arab countries in this sector, The UAE, Egypt, Jordan and Morocco are among the first Arab countries to establish solar and wind power plants.
According to the report, renewable power plant projects for Arab countries are likely to achieve 92% of the region ’ s total target by 2030 when completed.
One of the most reliable projects in this regard is the Green Hydrogen projects, through which the Middle East is seeking global leadership, with export revenues likely to reach $200 billion by 2050 for the Gulf countries, according to a study by Dii Desert Energy.
In this context, Al-Deeb notes the abundance of renewable energy resources, clean hydrogen, human expertise, capital, and their geographical proximity to the European market, all of which provide them with important and growing opportunities.
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Renewables in the region grew 12.8% in 2022, and solar and wind accounted for 90% of new capacity additions that year, underscoring momentum toward clean energy.

The MENA region has world-class solar resources exceeding 2,000 kilowatt-hours per square meter per year, yet solar currently provides just over 2% of the regional energy mix, leaving substantial room for growth.

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Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
World Future Energy Summit.
Green finance and climate change lead day 2
The second day of the World Future Energy Summit (WFES), held at the Abu Dhabi National Exhibition Centre (ADNEC) in the UAE, kicked off today.
The summit is the premier annual forum for future energy and sustainability.
The day ’ s events focused on green finance, with Boris Johnson, the former Prime Minister of the United Kingdom, stressing the urgency of correcting climate change and thinking outside the box, and providing inspiring views on the obstacles to investing in renewable energy and ways to develop it during a session entitled “Financing Global Approaches to Low-Carbon Economies ”.
“It takes a lot of in-depth social studies, practical solutions and a lot of financial support – governments around the world spend a lot of money to defend themselves against other governments, but we don ’ t spend that much money to fight everyone ’ s first enemy, climate change.
He believes that finding practical solutions requires a serious approach to financing and establishing an assembly line for simple renewable energy projects, so that tangible results can be achieved as soon as possible, which is not possible without setting aside the side issues that usually concern us or we will not be able to solve the problem for another 10 years.
Ahmed Bahieldin, General Manager and Commercial Officer for Europe, Middle East and Africa (EMEA) at GE Vernova, an independent public company spin-off of GE ’ s energy, wind and electricity business, also joined the panel.
“Time is an important factor, especially as there is a lot of capital looking for projects in advanced markets, especially in the areas of renewable energy sources and new technologies, and regulatory reforms and the structuring of the revenue model give more room for growth.
The second day of the summit also saw the launch of the Solar Outlook 2024 report, officially released by the Middle East Solar Industry Association at the World Future Energy Summit.
The report highlights the growing contribution of solar energy to the MENA region ’ s ongoing energy transition from traditional fossil fuels to renewables, amid continued manufacturing boom, population and economic growth, as well as concerns about climate change and environmental sustainability.
Solar Energy
According to the report, the Middle East and North Africa (MENA) region today has one of the highest levels of solar energy potential in the world, with countries such as Saudi Arabia, the United Arab Emirates, Morocco and Egypt contributing on average annual solar radiation exceeding 2,000 kilowatt-hours per square meter per year.
While the regional solar growth trajectory is expected to continue, the report reveals that it is still well below the levels required to replace the current fossil fuel contribution of 87%, with solar providing just over 2% of the current energy mix in the MENA region.
Denisa Vines, Secretary General of the Middle East Solar Industry Association, said: “The COP28 pledge to increase renewable energy capacity and double energy efficiency with the support of 124 countries has set ambitious targets to increase the deployment of renewable energy and energy efficiency measures by 2030, but we still face many challenges to achieve these goals, especially in the energy sector within the Gulf region. After 2030, a variety of technologies are expected to be market-ready, offering scalable solutions to decarbonize the energy sector, enabling a more effective role for renewables, energy efficiency and zero-emission technologies.
The broad pursuit of ambitious targets by 2030 is focused on public utility projects, which may overshadow the needs of the commercial and industrial sectors, and this underscores the importance of considering a balanced approach to energy deployment to ensure inclusive and sustainable development.
COP28 Pledges
Speaking at the Solar and Clean Energy Conference, Dr. Ralph Blumenthal, Head of Networks Programs Middle East at Siemens, praised the ongoing discussions on digitization and the great importance of integrating renewables into smart grids to help achieve the goals of the COP28 pledge.
Batteries are key if we want to triple renewables by 2030, and increase them nine-fold by 2050. Batteries are not only storage, they are essential to grid regulation and reduce disruptions that may occur during renewable energy generation. Today, around 1,500 GW of renewable energy has been installed globally and is ready for deployment, but cannot be integrated into networks. It operates 100% on renewable energy, but national grids have not yet been able to effectively integrate renewables on a large scale.
Constructive discussions and sessions on global energy issues and solutions will continue tomorrow with the Electric Mobility Forum, which will comprehensively examine the role of clean and independent transport in changing the future of city design, and what is needed to unlock the potential of investing in expanding electric mobility.

Regional roadmaps align with the COP28 pledge to expand renewable capacity and double energy efficiency by 2030, with batteries and smart grids identified as critical enablers of integration.

By 2027, Arab renewable capacity is projected to reach 45 GW, and the region aims to add 73 GW of solar and wind by 2030, driven by national targets and utility-scale projects. [1].

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Content: People 's Network > > International
Sino-Arab green transformation cooperation is on the rise
December 8, 2022, 13: 09 | Source: Xinhua Network
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Xinhua News Agency, BEIJING, December 8 (International observation) Sino-Arab cooperation on green transformation is on the rise
Xinhua News Agency reporter Luo Guofang
China and Arab countries have different resource endowments and development paths, but they are in the key stage of green development transformation.
The pursuit of a common vision of sustainable development will push China and Argentina to move forward together in a cleaner, greener and low-carbon direction, and continuously deepen cooperation in related fields to benefit the people of China and Argentina.
Development Complementary Advantages
At present, China's development is changing from high-speed growth to high-quality development, and it is committed to energy transformation and clean development in the field of energy, and strives to build a clean, low-carbon, safe and efficient energy system.
At the same time, many Arab countries have also launched energy transformation plans in recent years, committed to the development of clean and renewable energy, and strive to reduce dependence on fossil fuels such as oil and natural gas, and promote sustainable economic development.
Saudi Arabia announced in its Vision 2030 development strategy that by 2030, the proportion of renewable energy in the country's energy mix will reach 50%.
The UAE ’ s Energy Strategy 2050 aims to increase the share of clean energy in the total energy mix to 50% by 2050.
Egypt plans to increase the share of clean energy generation to 40% by 2035.
The Arab region has one of the best solar and wind energy resource endowments in the world, and the development of clean and renewable energy has unique conditions.
According to a report released by the Global Energy Monitor in June this year, Arab countries in the Middle East and North Africa plan to add 73 gigawatts of utility-scale solar and wind capacity by 2030, more than five times the current installed capacity.
China has advanced technology and rich experience in the field of photovoltaic and wind power, and has complementary advantages with Arab countries in the field of clean and renewable energy.
Abu Dhabi Energy Director, Avida Murshid Maral, said that vigorously developing renewable energy has become a global trend, which creates a good opportunity for deepening Arab-Chinese energy cooperation.
Collaborating for a Green Transition
In recent years, China has actively expanded cooperation with Arab countries in the field of clean and renewable energy, and the two sides have jointly implemented a number of cooperation projects.
The Zafra Solar Power Station, about 35 kilometers from Abu Dhabi City, is the largest single photovoltaic power station in the world, with an installed capacity of 2 GW.
The solar power plant, which is contracted by a Chinese company, will help Abu Dhabi reduce carbon dioxide emissions by 2.4 million tons per year and play an important role in the sustainable development of the UAE's energy economy.
Saudi Arabia's Red Sea coast is creating a green new city, the project called the Red Sea New City, the future electricity supply will be 100% from clean energy.
The realization of this vision will not only rely on solar and wind energy, but also benefit from energy storage systems that can act as energy “cisterns ” and“ regulators, stabilizers ”.
The successful signing of the Red Sea New City energy storage project by Chinese enterprises will help Saudi Arabia to build a global clean energy and green economy center.
Abdullah Wadi, a researcher at the Saudi think tank Research and Knowledge Exchange Center, said that Saudi Arabia and China are committed to vigorously developing clean and renewable energy, and actively promoting relevant international cooperation, which has set a good example for the international community to work together to promote green and low-carbon development and jointly deal with various challenges and global issues facing mankind.
Helping Fishing Development
With the deepening of cooperation between China and Arab countries in clean energy, low-carbon economy and energy transition, China ’ s advanced technology in related fields has also entered Arab countries. China adheres to the concept of “teaching people to fish ” and helps Arab countries improve their independent development capabilities through multi-level cooperative research and training programs.
China and Arab countries jointly set up the China-Arab Clean Energy Training Center to jointly organize capacity-building activities in photovoltaic, solar thermal, wind power and smart grid.
China and Egypt have set up a Sino-Egyptian joint laboratory on renewable energy to carry out joint research, promote personnel training, and help Egypt strengthen scientific and technological capacity building.
Since its establishment in 2015, the China-Arab Technology Transfer Center has built eight bilateral technology transfer centers in Saudi Arabia, Jordan and other countries, forming a technology transfer cooperation network linking nearly 5,000 Chinese and foreign members.
“The development of zero-carbon and low-carbon energy technologies is of great significance.
These technologies align with our energy transition goals, make the energy industry more resilient and help us build a sustainable and peaceful future, ” said Maral.
(Editor: Jia Wenting, Liu Jieyan)
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GCC renewable capacity expanded from 176 MW in 2013 to 5.6 GW in 2022, reflecting rapid deployment supported by declining solar costs and policy support.

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Content: IRENA offers great opportunities for GCC leadership in the renewable energy sector
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The International Renewable Energy Agency (IRENA) has confirmed that the GCC countries have great opportunities to become a leading global hub for renewable energy, climate action and economic diversification.
In a report entitled “Renewable Energy Markets: GCC 2023 ”, the agency highlighted the opportunities for GCC countries to use their existing resources to develop innovative renewable energy solutions that contribute to reducing the impact of climate change, diversify their economies, create new jobs and reduce the environmental impact of the energy sector.
As the United Nations Climate Change Conference (COP28) takes place in the Gulf Cooperation Council (GCC) region, in Dubai, the new IRENA report is a resource for policymakers, business and society to tap into the region ’ s vast potential from this renewable energy resource.
Solar PV is now the least expensive option to produce energy in the GCC at less than $2 per kilowatt-hour, outpacing the cost of generating power using natural gas, liquefied natural gas, oil, coal and nuclear. Low generation costs and abundant solar and wind resources in the region open the door to adopting innovative energy technologies to produce resources such as green hydrogen competitively.
Francesco La Camera, Director General of the International Renewable Energy Agency (IRENA), said: “The GCC region has a unique opportunity to maintain its leading role in the international energy market as the world enters a new energy era, and this momentum is growing in the region as the GCC countries develop ambitious renewable energy and hydrogen strategies and continue to implement their zero-emission commitments.
La Camera added: Renewable energy sources have become cost-effective in the GCC. Very successful achievements have brought solar PV prices to record levels globally, enhancing their economic viability and paving the way for the inclusion of large shares of renewable energy sources in the electricity mix.
To translate ambitious goals into reality on the ground, more sustained action is needed.
Production Capabilities
The report highlights the significant increase in renewable energy production capacity in the GCC, from 176 megawatts in 2013 to more than 5.6 gigawatts in 2022.
However, renewables still represent a small fraction of the region ’ s electricity generation capacity, while energy end-uses continue to rely on fossil fuels.
Public investments in infrastructure and value chains can stimulate and enable the deployment of renewable energy while enhancing the benefits associated with it.
The report stresses the importance of building on existing energy infrastructure, including the promotion of regional connectivity and infrastructure development to support the deployment of renewable energy sources in end-uses such as transportation.
The report emphasizes that GCC countries have an opportunity to play a greater role in achieving global energy and sustainability goals, both domestically and internationally.
The report concludes that GCC countries are well positioned, in addition to continuing their efforts at national levels, to support the energy transition in developing countries through joint international investments in renewable energy.
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The UAE leads Arab countries in solar generation, with 3,040 MW of installed solar capacity and plans to triple its renewable contribution by 2030.

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Content: UAE strengthens its position in the solar energy sector
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Solar investments in the UAE have huge potential, driven by government subsidies, large government investments, supportive policies, an innovation-friendly environment, commitment to sustainability goals, increased energy demand and lower technology costs.
The UAE is a pioneer in the adoption of renewable energy sources and strives to make solar energy the cornerstone of the national energy system, with many global reports indicating that the UAE is one of the fastest countries in the world in the adoption of solar energy.
And in this regard...
A report by Mordor Intelligence International, for research and studies, predicted that the size of the solar energy market in the UAE will grow at a compound annual growth rate of more than 35% during the coming period, specifically until 2029.
The report stressed the importance of the UAE Energy Strategy, which aims to triple the contribution of renewable energy over the next seven years, and to inject national investments between 150 and 200 billion dirhams during the same period, in order to reach the targets of climate neutrality 2050.
He also predicted that the transformation in the field of renewable energy, specifically solar energy, which is a key player in the energy transformation strategy, will create many opportunities for the solar market in the UAE in the future.
According to another report from Mordor Intelligence, the global solar market is expected to grow at a rate of only 29% between 2024 and 2029, thus surpassing the global average.
The UAE has emerged as a major player in the global solar market in recent years, and has leapfrogged production rates over the past 10 years: from just about 12 megawatts of solar capacity in 2012, it has raised the figure at a staggering rate to more than 3,040 megawatts, according to the Energy Institute.
In 2022, the UAE emerged as a major player in the global solar energy market, ranking second in the world in terms of per capita solar energy consumption, according to the Statutory Review of World Energy.
S & P reported that the proliferation of solar PV as an abundant, low-cost and rapidly deployable technology has overshadowed the potential of wind in the Middle East, pointing to the UAE ’ s role in the region in the field of solar energy and the transition to clean energy.
Masdar is involved in the development of a number of key projects in the UAE, including Shams, the region ’ s first concentrated solar power plant, which was inaugurated in 2013.
It has also invested in a range of world-leading solar power plants, including the 2 GW Al Dhafra plant, the world ’ s largest single-site solar PV plant in operation.
Masdar has developed the third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai and won the bid to develop the sixth phase of the project, which will have a total production capacity of 5 gigawatts and will be the largest in the world.
The Mohammed bin Rashid Al Maktoum Solar Park, implemented by DEWA, is the largest single-site solar park in the world under the IPP system and will have a production capacity of 5,000 megawatts by 2030, with a total investment of AED 50 billion.
When completed, the complex will reduce more than 6.5 million tonnes of carbon emissions annually.
At the end of March this year, DEWA ’ s production capacity from the complex reached 2,627 megawatts.
The fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park uses three common technologies to produce clean energy: a 600 MW parabolic trough system, a 100 MW CSP tower and 250 MW photovoltaic solar panels.
The Mohammed bin Rashid Al Maktoum Solar Park achieved two records for the world ’ s “highest concentrated solar power tower ” at 263.126 meters and the“ largest thermal energy storage capacity ” in the world with a capacity of 5907 MWh using concentrated solar energy using parabolic inverters and molten salt.
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The Mohammed bin Rashid Al Maktoum Solar Park in Dubai is already at 1,527 MW (PV) and scheduled to reach 5,000 MW by 2030 using both PV and concentrated solar power technologies. [33][34].

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Content: 00: 00
Expo 2020 Dubai Today
Senegalese Minister of Environment Reviews Dubai Electricity ’ s Achievements
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HE Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA and Chairman of the World Green Economy Organization (WGEO), received Abdul Karim Sall, Minister of Environment and Sustainable Development of the Republic of Senegal, on a visit to learn about the latest achievements of Dubai and discuss ways of cooperation in the renewable and clean energy sector and the most important projects, initiatives and programs aimed at consolidating the green economy and sustainability.
The meeting was attended by Eng. Waleed bin Salman, Vice President of the World Green Economy Organization, and Abdul Rahim Sultan, Director of the World Green Economy Organization.
HE Al Tayer said that the UAE officially launched the World Green Economy Organization in Dubai in 2016 in partnership with the United Nations. The World Green Economy Organization obtained observer status from the United Nations Framework Convention on Climate Change (UNFCCC) during the 26th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), held recently in Glasgow, UK. Ambition.
PROJECTS
His Excellency reviewed before the Senegalese Minister of Environment and Sustainable Development the most important projects, initiatives and programs carried out by the Authority in the framework of achieving the vision and directives of the wise leadership, where the Authority surpassed the elite European and American companies by reducing the percentage of losses in electricity transmission and distribution networks to 3.3% compared to 6-7% in Europe and the United States. In the European Union ’ s elite electricity companies, the authority has also managed to reduce water network losses to 5.1% compared to 15% in North America.
HE Saeed Mohammed Al Tayer said: “We have a clear strategy and specific objectives by increasing the reliance on renewable and clean energy within the energy mix in Dubai. One of our most prominent projects to achieve this goal is the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the largest single-site solar park in the world, under the IPP system.".
Tracks
DEWA ’ s IPP projects are one of the key tracks of the Dubai Clean Energy Strategy 2050 and Dubai ’ s Carbon Neutrality Initiative to provide 100% of energy production capacity from clean energy sources by 2050.
He added that DEWA has launched pioneering initiatives and projects to diversify the sources of clean energy production, which included all clean and renewable energy technologies in the Emirate of Dubai such as photovoltaics and concentrated solar energy, green hydrogen production using solar energy, hydropower stored in the Hatta hydropower project using clean energy, and electricity generation through the use of wind energy.
The Green Hydrogen project, which was implemented at DEWA ’ s outdoor testing facilities at the Mohammed bin Rashid Al Maktoum Solar Park, is the first of its kind in the Middle East and North Africa to produce green hydrogen using solar energy. The plant is designed and built to be able to accommodate future applications and testing platforms for various uses of green hydrogen, which is a promising source of energy....
Al Tayer explained that as part of Shams Dubai ’ s initiative to install solar photovoltaic panels on rooftops in Dubai, DEWA has connected more than 6,880 solar systems in buildings in Dubai to DEWA ’ s network with a total capacity of more than 365 megawatts currently.
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The park’s sixth phase will add 1,800 MW using bifacial PV and single-axis tracking, and DEWA is pairing solar with a Green Hydrogen pilot targeting 400 kg/day of production. [37][38].

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Content: DEWA Projects and Initiatives Support COP28 Goals to Accelerate Energy Transition
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Dubai Electricity and Water Authority (DEWA) supports the objectives of the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which the UAE is hosting at Expo City Dubai, particularly in accelerating an orderly, equitable and responsible transition in the energy sector.
DEWA is implementing a number of pioneering projects to diversify the sources of clean energy production, including clean and renewable energy technologies in Dubai such as photovoltaics and concentrated solar energy in the Mohammed bin Rashid Al Maktoum Solar Park, green hydrogen production using solar energy, and hydropower stored in the Hatta hydropower project using clean energy, along with projects and initiatives to increase energy efficiency.
His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said: “In line with the vision of the wise leadership, we contribute through all our projects, events and ambitious plans to support the green economy and accelerate the transition to carbon neutrality by adding solar energy and other clean energy sources such as hydropower and green hydrogen to the energy mix, in line with the Dubai Clean Energy Strategy 2050 and Dubai Carbon Neutrality Strategy 2050. To provide 100% of energy production capacity from clean energy sources by 2050.
In the UAE ’ s Year of Sustainability, with the UAE hosting the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), in which DEWA is a key partner of the track, we are stepping up our efforts to accompany and support this global event, which aims to lead the global shift from pledges to concrete actions. ”
He added: “The world is witnessing an increasing interest in investing in clean and renewable energy sources that will change the global energy landscape over the next few years by relying on environmentally friendly and relatively low-cost energy sources.
We are developing the production and use of green hydrogen as a key part of our transition to clean energy.
We invest in research and development initiatives to find innovative solutions for energy production, storage and distribution.
We are keen to provide global platforms to bridge the gap between the current situation and the 17 Sustainable Development Goals adopted by the United Nations for 2030, and build bridges of communication and constructive cooperation to support the momentum of climate action.
For several years now, we have stopped the launch of any new fossil fuel energy projects, limited new desalination projects to high-efficiency reverse osmosis technology using clean energy, and raised the fuel efficiency of major production units to about 90% at the best global level. ”
Some of the most prominent projects implemented by DEWA to support increased reliance on clean and renewable energy sources are:
The Mohammed bin Rashid Al Maktoum Solar Park, the world ’ s largest single-site solar park using the IPP model, will have a capacity of 5,000 megawatts by 2030, with solar PV and CSP technologies, with investments of up to AED 50 billion.
The current capacity of the complex is 2,627 MW, using solar PV and CSP technologies, equivalent to 16% of DEWA ’ s total power capacity of 16,270 MW.
The fourth phase of the complex, with a capacity of 950 MW and an investment of AED 15.78 billion under the IPP system, is the largest single-site concentrated solar power plant in the world combining concentrated solar power and solar PV technologies.
This phase includes the world ’ s tallest solar tower at 263,126 meters and the largest thermal energy storage capacity of 5,907 megawatt hours.
The Hesayan Independent Water Producer (IWP) desalination project, the world ’ s largest solar-powered desalination project, and DEWA ’ s first IWP project.
The project has a production capacity of 180 million gallons of desalinated water per day using reverse osmosis seawater desalination technology, with an investment of AED 3.357 billion (US $914 million).
The Hatta Hydropower Station project will have a capacity of 250 MW with a storage capacity of 1,500 MWh and a shelf life of up to 80 years.
This station is the first of its kind in the Arabian Gulf region.
The project ’ s investments amount to AED1.421 billion, with the pilot project expected to commence in mid-2024.
A pilot project for the production of green hydrogen at the Mohammed bin Rashid Al Maktoum Solar Park, the first of its kind in the Middle East and North Africa region to produce green hydrogen using solar energy, store it and then convert it to electricity in addition to other uses in the sectors of air transport, land, marine and industry.
The project produces about 400 kilograms of green hydrogen per day, and a hydrogen gas tank can store up to 12 hours of hydrogen produced using solar energy.
Hydrogen is used to produce electricity with a capacity of about 300 kilowatts.
The plant is designed and built to be able to accommodate future applications and test platforms for various uses of hydrogen including power production and mobility.
The project supports the UAE ’ s goal of acquiring a 25% share of the low-carbon hydrogen market, which is expected to be worth more than $400 billion.
The project supports the country ’ s efforts to achieve global competitiveness in the green hydrogen market.
The project supports DEWA ’ s efforts to diversify energy sources and increase investment by supporting innovation, research and development in energy storage technologies, including green hydrogen, which some describe as “the fuel of the future ”, and will play an important role not only in the global energy mix, but also in mitigating the effects of global warming.
The project also supports the Dubai Green Mobility 2030 initiative, which aims to stimulate the use of sustainable transport.
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DEWA is also piloting lithium-ion battery storage (1.21 MW/8.61 MWh) and building CSP with 15-hour thermal storage as part of a 950 MW complex to deliver dispatchable solar.

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Dubai Electricity launches a pilot project to store energy using lithium-ion batteries
Dubai Electricity and Water Authority (DEWA) has launched a pilot project at the Mohammed bin Rashid Al Maktoum Solar Park to store energy using Tesla ’ s Li-ion battery systems with a storage capacity of 1.21 MW, a capacity of 8.61 MWh and a life span of up to 10 years.
HE Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said: “The project is part of DEWA ’ s efforts to diversify energy sources and enhance energy storage technologies. It aims to assess the technical and economic capabilities and characteristics of this technology within the operational framework of solar photovoltaic power plants and to test the role of this technology in integrating clean energy and storage to achieve maximum efficiency and reliability. ”
Al Tayer pointed out that the Authority is working on other storage projects, including the use of concentrated solar energy in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, which combines concentrated solar energy and solar photovoltaic technologies with a capacity of 950 MW and will include the largest solar storage capacity in the world for 15 hours, which will allow the production of power 24 hours. In the Arabian Gulf region, electricity will be produced using water stored in the Hatta Dam with a storage capacity of 1,500 MWh; and the Green Hydrogen project, implemented by DEWA in collaboration with Expo 2020 Dubai and Siemens Energy, is the first of its kind in the Middle East and North Africa to produce green hydrogen using solar energy at the R & D facilities of the Mohammed Bin Rashid Al Maktoum Solar Park.
Waleed bin Salman, Executive Vice President, Business Development and Excellence Sector, pointed out that this is the second project launched by the Authority at the Mohammed bin Rashid Al Maktoum Solar Park, where it launched the first project in cooperation with Amplex Emirates to install and test NaS systems with a storage capacity of 1.2 MW and a capacity of 7.5 MWh.
He explained that the two pilot projects allow the storage of energy from the electricity grid or from solar power stations with the connection of storage systems to the TRA network.

Abu Dhabi’s 2 GW Al Dhafra Solar Power Plant uses double-sided panels and cuts emissions by 2.4 million tons annually, complementing Noor Abu Dhabi’s 1 million tons per year reduction and Shams 1’s 175,000 tons per year. [40].

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Content: Aweidah Al-Murar Head of the Department of Energy:
Abu Dhabi invests $40 billion in clean and renewable energy in 15 years
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Eng. Aweida Murshed Al Marar, Chairman of the Department of Energy in Abu Dhabi, said that Abu Dhabi has a future vision towards sustainability represented by many pioneering initiatives and projects that reflect the keenness of the Emirate and the wise leadership to build a more sustainable future.
In an interview with the UAE News Agency (WAM) on the sidelines of the World Future Energy Summit 2022 held in Abu Dhabi, he said that Abu Dhabi ’ s investments in clean and renewable energy for 15 years amounted to about $40 billion, which is reflected in many important projects, which are a key pillar to achieve sustainable economic development in the emirate.
He said that we are in the process of finalizing the clean energy targets for the Emirate of Abu Dhabi for 2035 and we will reveal the details soon, stressing that the key element of this plan will be targeting 60% of the Emirate ’ s electricity pumped into the grid to be generated from clean energy sources.
As for future projects...
He explained that Abu Dhabi is considering the construction of two additional solar photovoltaic plants by 2027 with a total capacity of 2 gigawatts, as part of the announcement of plans to build two waste-to-energy plants in Abu Dhabi with a capacity of 90 megawatts and Al Ain with a capacity of 60 megawatts.
Abu Dhabi Projects
Abu Dhabi projects to produce electricity from clean and renewable energy.
Aweida Al Marar said that Abu Dhabi has many clean and renewable energy projects, which are pioneering global projects such as the Al Dhafra Solar Power Plant, which is one of the largest plants of its kind in the world with a capacity of 2 gigawatts of electricity and will use nearly 4 million solar panels to generate enough electricity for nearly 160,000 homes across the country.
In addition to the Noor Abu Dhabi plant, it has a capacity of 1,177 gigawatts of electricity, enough to cover the needs of 90,000 homes.
In addition to the Shams 1 plant and the photovoltaic power plant in Masdar City, which is the largest of its kind in the Middle East.
As well as the Barakah Nuclear Energy Plant, which is one of the UAE ’ s most important achievements in the field of clean energy.
The percentage of carbon emission reductions achieved by electricity and water production projects in the Emirate of Abu Dhabi.
The Chairman of the Department of Energy said that renewable energy projects achieve a significant reduction in carbon emissions, for example the Al Dhafra solar plant will contribute to reducing carbon dioxide emissions in Abu Dhabi by more than 2.4 million tons annually, equivalent to removing approximately 470,000 cars from the roads.
This is in addition to the Noor Abu Dhabi plant, which reduces the emirate ’ s carbon emissions by one million tons per year, which is equivalent to removing 200,000 vehicles from the roads.
Shams 1, the largest CSP plant in operation in the world, is a major contributor to Abu Dhabi and the UAE ’ s efforts to reduce carbon emissions by 100,000 MW of renewable solar energy. Since its operation in 2013, the plant has reduced carbon emissions by 175,000 tonnes of CO2 per year.
Climate neutrality
He pointed out that in 2019, the Department of Energy launched the Abu Dhabi Strategy for Demand Side Management and Energy Rationalization 2030 to address supply and demand issues through the implementation of programs that contribute to reducing electricity consumption by 22% and water by 32% by 2030.
equivalent to reducing harmful emissions by 9 million tons.
He added that the strategy has achieved good results so far, as these programs have contributed to saving 6,183 GWh of electricity in 2019-2020, which is equivalent to reducing the emission of approximately 3.2 million tons of carbon dioxide, saving electricity consumption to more than 200 homes in one year, and achieving savings in the short term estimated at 400 million dirhams.
The role of the Department of Energy in supporting the UAE ’ s efforts to reduce carbon emissions.
He said the DoE is committed to further supporting the sector to achieve climate neutrality for the UAE by 2050.
The sector has pioneering projects and policies that can double the effort to achieve good results in terms of reducing carbon emissions while enhancing the security of supplies and promoting sustainable economic growth.
Nine projects are in place and under planning, focusing on clean solar and nuclear power generation, reverse osmosis electrification of water production systems, and the adoption of enabling policies and energy efficiency measures that will reduce emissions from power generation and water production by at least 50% in the next 10 years.
He pointed out that the Noor Abu Dhabi plant contributed to increasing the share of renewable energy in our energy mix to 6% of the total installed capacity of the Emirate in 2021, and the launch of the first Barakah nuclear power plant contributed to raising the share of carbon-free energy production in the energy mix to 7% in 2021.
With future renewable energy projects such as the 2 GW Al Dhafra Solar PV Project in Abu Dhabi due to be launched by 2023 and the Barakah plant fully operational, the emirate ’ s total clean energy capacity will reach 8.8 GW by 2025, raising the share of clean energy capacity in the energy mix from 13% in 2021 to 31% by 2025.
He explained that these projects will increase electricity generation from solar to 7% and nuclear to 47% by 2025, which means that 55% of Abu Dhabi ’ s electricity in 2025 will be from clean sources, which will of course reflect on the performance of the UAE in general and contribute effectively to achieving climate neutrality while completing our future projects.
Production capacity
Abu Dhabi ’ s production of electricity and water.
Awaida Al-Murar said that the total production capacity of water in 2020 reached 4.14 million cubic meters per day, while the total produced water reached 1,225 million cubic meters in 2020, equivalent to 3.35 million cubic meters per day of water.
The total electricity capacity available to the energy sector in the Emirate of Abu Dhabi was 16,701 MW and the total electricity generated was 84,740 GWh in 2020.
These figures reflect a good performance of the energy sector in Abu Dhabi, as our production capacity was not affected in 2020 in light of the Coronavirus pandemic that is witnessing the world, which reflects the readiness of the sector to deal with all the global changes.
On the efficiency of Abu Dhabi ’ s integrated energy model and its role in rationalizing consumption.
Aweida Al-Marar said that the importance of the model comes from the fact that it provides a common framework and a road map for the future and falls within the framework of the Department ’ s efforts to lead, guide and define the strategies and foundations of work in this vital sector in the next phase.
He pointed out that there are updates on the model to increase its efficiency in order to help us adopt new policies that will have a noticeable impact on raising the productive efficiency of the energy sector with various sources in the next two decades and thus increase the contribution of the sector to increasing national income and economic development.
Energy Cube
He explained that the updates were to extend the model to a number of other dimensions.
The ESI, which creates a basic structure for assessing the impact of energy sector policies in various socio-economic aspects, has been linked to the model, enabling the Department to arrive at policies that deliver the best results for the community. ESI, the Energy Cube, generates a range of socio-economic outputs such as GDP, including energy sector GDP, other sectors ’ GDP, employment levels, inflation, and other instrument outputs.
The tool also enhances the capacity of the Energy Department to assess the social and economic impact of alternative energy policies and coordinate social and economic outcomes with sector stakeholders.
The integrated water model, the first of its kind in the emirate, is an extension of the Abu Dhabi integrated energy model. The water model plays a key role, such as a computer program, in providing a comprehensive overview of the emirate ’ s three water sources, including desalinated and recycled water and groundwater, to guide water distribution policy and enhance the ability to develop integrated water resources management plans.
He pointed out that the integrated water model provides a water dimension to the Abu Dhabi integrated energy model and the integrated water model is based on the same technology used in the energy modeling capacity building model prepared by the Department of Energy in cooperation with the international company Energy Exemplar.
This would provide sufficient flexibility to add water-related variables, and potentially link the model in the future to the Abu Dhabi Integrated Energy Model to apply an interlinked approach when developing energy, water and food scenarios needed by policymakers.
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Abu Dhabi has invested $40 billion in clean energy over 15 years, targets 60% of electricity from clean sources by 2035, and expects clean energy to reach 8.8 GW and 55% of electricity by 2025.

Nationally, the UAE has invested over $50 billion in renewables, aims to double its renewable supply by 2030, and to achieve net zero by 2050.

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Content: Friday 8 December 2023 Abu Dhabi UAE
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Massive clean energy projects boost UAE ’ s climate efforts
Suhail Al Mazrouei
December 8, 2023 01: 29
His Excellency Suhail Mohammed Al Mazrouei
The UAE has seen rapid and sustained growth in renewable energy production over the past decade and has increased its investment in international renewable energy projects, placing it at the forefront of the world ’ s transition to clean energy.
Located just 35km from Abu Dhabi, Al Dhafra Solar Power Plant is the largest single-site solar power plant in the world.
The newly commissioned plant has about 4 million solar panels spread over an area of 20 square kilometers and provides enough power for more than 160,000 homes.
This milestone is part of the UAE ’ s ambitious plans to diversify its energy sources and is one of the latest achievements in a 15-year journey in which the country has established itself as the world ’ s largest solar producer and the second largest consumer of solar energy by population.
The Al Dhafra Solar Power Plant contributes significantly to the UAE ’ s strategic goal of achieving climate neutrality by 2050.
This is a goal that the country is moving steadily towards thanks to its huge investments.
To date, the UAE has fulfilled its commitments to invest more than $50 billion in renewable energy projects, both inside and outside the country.
In July 2023, the UAE unveiled additional plans to double its renewable energy supply and investment by $54 billion over the next seven years to meet growing energy demand.
The UAE has already begun to reap the benefits of its commitment to these pledges.
By 2030, the country will have doubled its renewable energy capacity and the share of clean energy in its diverse energy sources will increase by 30% with a total capacity of 19.8 GW.
Thanks to the UAE ’ s year-round sunny climate, solar energy is one of the most important and prominent sources of energy in the country.
In addition to the Al Dhafra solar plant, the Noor Abu Dhabi solar plant generates 1.2 gigawatts of electricity and provides power to 90,000 homes while reducing emissions by 1 million metric tons per year, enough to remove 200,000 vehicles from the roads.
The Shams plant in the Al Dhafra region of Abu Dhabi is one of the largest concentrated solar power plants in the Middle East and helps eliminate 175,000 tons of carbon dioxide annually, equivalent to planting 1.5 million trees.
In Dubai, the Mohammed bin Rashid Al Maktoum Solar Park comes with a production capacity of 5,000 megawatts by 2030, enough to power 800,000 homes by 2030 and reduce more than 6.5 million tonnes of carbon emissions annually.
Despite the country ’ s large and diversified investments in clean energy, its transition to clean energy is based on a long history and track record in sustainability that put his first daughters, the founding father of the late Sheikh Zayed bin Sultan Al Nahyan, who was the forerunner in preserving the environment before increasing interest in this important topic.
Recently, the UAE has begun to take advantage of technological development to establish itself as a leading innovation hub based on a sophisticated system aimed at finding solutions to some of the world ’ s biggest challenges.
Although solar power is abundant, nuclear power contributes even more to efforts to reduce carbon emissions.
At the Barakah Nuclear Power Plant in the Emirate of Abu Dhabi, the first nuclear power project in the Arab world, three of its four units have started commercial operations.
Once the fourth reactor is operational, the plant will generate 5.6 GW of clean energy, providing 25% of the UAE ’ s electricity needs.
The UAE has also succeeded in introducing wind energy on a large scale in its diverse energy sources by launching the UAE Wind Energy Program, where wind farms are located in three locations in Abu Dhabi and one in Fujairah, with a production capacity sufficient to power more than 23,000 homes annually.
Low-emission hydrogen is expected to play a key role in the UAE ’ s renewable energy portfolio, as the country prepares to strengthen its leadership in the production and export of low-emission hydrogen, with a target of 1.4 million metric tons per year by 2031 and 15 million metric tons per year by 2050.
In line with the UAE ’ s National Hydrogen Strategy announced in July 2023, it will establish two hydrogen-producing oases by 2031 and increase the number to five by 2050.
There are also plans to establish a dedicated hydrogen research, development and innovation centre.
The UAE has made significant progress in this area by entering into a number of important partnerships, with Abu Dhabi Future Energy Company (Masdar) signing a Memorandum of Understanding (MoU) with four Dutch companies to develop a green hydrogen supply chain between Abu Dhabi and Amsterdam.
ADNOC also sent its first shipment of hydrogen ammonia to Germany in October 2022 as part of a landmark agreement between the UAE and Germany to increase energy security, decarbonize and tackle climate change.
At the same time, the UAE is developing its infrastructure to facilitate the manufacture of clean hydrogen.
This includes ADNOC ’ s plans to build a world-class blue ammonia plant in the Tamkeen industrial zone and chemicals hub in Ruwais.
This is in addition to the agreement signed by Abu Dhabi-based VertiGlobe, a joint venture between ADNOC and USSI, registered in the Netherlands, with Masdar and France to develop a competitively priced green hydrogen production facility in Ruwais with a potential capacity of up to 2 MW scheduled for operation by 2025.
Domestically, the UAE is making significant progress in meeting its energy needs, but its vision for a sustainable future transcends its borders.
In 2022 alone, the UAE allocated nearly $36 billion in foreign direct investment to renewable energy projects around the world.
Since its launch in 2006, Masdar has invested or committed to investing in projects around the world worth more than $30 billion.
These investments include the partnership agreement it recently signed with Egypt to build a 10GW wind farm, which is expected to become one of the largest projects in its class.
In addition to producing 47,790 gigawatts of clean energy annually, the farm will create 100,000 jobs during construction and 3,200 more once the project is completed.
It will contribute a 42% share of Egypt ’ s diverse energy sources by 2035 and help save $5 billion a year in natural gas costs.
Masdar also formed a new consortium to build a $1 billion solar power plant in Saudi Arabia after signing a power purchase agreement with EDF Renewables, Nesma and Saudi Power Purchase Company.
Under the agreement, the consortium will develop the 1,100-megawatt (MW) Hannakiya solar power plant, which, when completed, will power more than 190,000 homes a year and avoid the release of more than 1.8 million tonnes of carbon emissions annually.
While the UAE ’ s ambitious clean energy projects have proven to have a significant impact on reducing emissions, the country ’ s expansion of its clean and diverse energy sources promotes the development of sustainable development on a larger scale, creating jobs, increasing access to clean, affordable, reliable and safe energy, and paving the way towards a thriving sustainable economy.
Minister of Energy and Infrastructure
All rights reserved to Union News Center 2023 ©

The UAE plans to reach 14 GW of clean energy by 2030, invest AED 150–200 billion in renewables, and reduce 6.5 million tonnes of CO2 annually through its solar build-out. [11].

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Content: The United Arab Emirates launched the Al Dhafra solar farm ahead of COP28, which is currently the largest single point solar farm in the world.
The 2 gigawatt (GW) solar farm is 22 miles (35 kilometers) from Abu Dhabi and has nearly 4 million double-sided solar panels.
It will power nearly 200,000 homes and reduce carbon emissions by more than 2.4 million tons per year.
It created 4,500 jobs at the peak of construction, with solar panels installed at an average rate of 10 megawatts (MW) per day during construction.
Al Dhafra is jointly developed by Abu Dhabi Future Energy Company (Masdar), Abu Dhabi National Energy Company (TAQA), EDF Renewable Energy and Chinese solar developer Jingke Power.
TAQA owns 40% of the project, while Masdar, EDF Renewables and JinkoSolar each own 20%.
Under the 2020 power purchase agreement, the solar power plant will supply electricity to the UAE Hydropower Company (EWEC).
Now that Al Dhafra is online, the UAE ’ s solar power capacity has increased to 3.2 GW. In September, EWEC solicited a proposal to develop a 1.5 GW solar power plant in Al Khazna, near Abu Dhabi.
The UAE aims to triple its renewable energy capacity to 14 GW by 2030.

Saudi Arabia targets 50% of power from renewables by 2030 and net zero by 2060, and it has adopted programs to mitigate emissions while leveraging vast sites for solar and wind. [16][18].

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Content: Middle East Climate Week looks at renewable energy transition and carbon reduction
During a panel discussion focused on the Kingdom ’ s high energy and efficiency records
The “Middle East and North Africa Climate Week 2023 ”, hosted by the Kingdom of Saudi Arabia, in coordination and cooperation with the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, discussed on the third day the transition of renewable energy and the reduction of carbon emissions.
The panel discussion, entitled “Accelerating the Transition of Renewable Energy and Reducing Carbon Emissions ”, tackled carbon emissions mitigation and climate change, and the programs and initiatives adopted by the Kingdom to address climate change.
The speakers – Senior Sustainability Advisor to the Minister of Energy, Chief Negotiator of the Kingdom ’ s Climate Agreements, Dr. Khalid Al Meheid, Undersecretary of the Ministry of Energy for Electricity Nasser Al Qahtani, SPPC CEO Mazen Al Bahkali, ACWA Power ’ s Vice Chairman and Managing Director Raad Al Saadi, and Saudi Energy Efficiency Center General Manager Nasser Al Ghamdi – discussed the objectives of the Kingdom ’ s energy programs, priorities, needs, resources and funding sources. and current solutions.
They addressed the Kingdom ’ s high energy and efficiency records, touching on hydrogen from manufacturing to strengthening regional and international supply chains, pointing to the vast areas that enable solar and wind energy projects and clean energy exports with international connectivity.
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At NEOM, Saudi Arabia is building a 2.2 GW solar PV plant integrated with 2 GW of electrolysis to produce 600 tons of green hydrogen per day, supported by 400 MWh of storage and total investment of $8.4 billion.

Title:

Content: It produces 600 tons of green hydrogen per day.
NEOM is preparing to launch the largest photovoltaic power plant in the Middle East
Thursday 10 August 2023 9: 57 AM
The Citizen - Translated by Hala Abdulrahman
NEOM Green Hydrogen Company plans to produce 600 tons of environmentally friendly gas per day, generating a demand of at least 4 watts of solar PV and wind power, as the management of the mega project contracted with a Chinese company to ensure that the plant is fully operational on a daily basis.
NEOM deal with a Chinese company
In a statement, China ’ s Sungrow announced that it has signed a contract with Larsen & Toubro to supply inverters for the 2.2GW solar PV plant, the largest utility-scale single-site solar PV plant in the Middle East, designed to power the NEOM Green Hydrogen Production Project in Saudi Arabia by the NEOM Green Hydrogen Company (NGHC).
The NEOM project will produce carbon-free hydrogen using renewable energy sources from wind and solar power to produce up to 600 tonnes per day of green hydrogen by the end of 2026.
The project will mark a milestone in Saudi Arabia ’ s progress towards achieving Vision 2030 and creating a clean and sustainable energy future.
NEOM Green Hydrogen Package Details
Sungrow is heavily involved in the NEOM green hydrogen project, and earlier Sungrow signed a contract with Larsen & Toubro to supply 400 MWh energy storage systems that include 536 MWh / 600 MWh DC capacity for the NEOM project.
Sungrow ’ s supply of 2.2GW Sungrow 1 + X Modular Inverter for the solar PV plant is a strong contribution of its kind to a historic and giant project such as the NEOM Green Hydrogen Project.
NEOM Green Hydrogen Project Objectives
NGHC ’ s giant Neom Hydrogen plant in Oxagan, Saudi Arabia, is expected to produce up to 600 tonnes per day of carbon-free hydrogen by the end of 2026, and will supply 4 watts of wind, solar and battery power, using more than 2 gigawatts of hydrogen electrolysis.
The project is the cornerstone of Saudi Arabia ’ s Vision 2030 project, which promises investments of up to $500 billion to build a linear city called Neom, 170 kilometers east of the Red Sea.
Importance of NEOM for Europe and Asia
The NGHC aims to produce green hydrogen on a large scale for global export in the form of green ammonia with a total investment of $8.4 billion.
Supported by 23 local, regional and international banking and financial institutions, the project achieved a full financial closure in May 2022, leading to the award of long-term contracts.
Saudi Arabia also has sun and air, infrastructure, ports and geographical proximity to Asian countries, as well as fossil fuels, which are an important component of hydrogen production, making it Asia ’ s preferred customer for green hydrogen.
Europe also needs 20 million tons of green hydrogen annually, of which at least 10 million tons are imported from outside the European Union, according to the latest European studies.

Saudi projects include a 400 MW PV plus 1,300 MWh battery storage system at NEOM, with ACWA Power and Huawei collaborating on advanced storage to optimize cost and performance. [75].

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ACWA Power : and Huawei to Spur Innovation in Local Renewable Energy and Storage Development

06/16/2023 | 05:36am EDT
16
June
2023
|
11:29
Europe/Amsterdam
ACWA Power and Huawei to Spur Innovation in Local Renewable Energy and Storage Development
MoU Signing Ceremony 2
MoU Huawei Signing Ceremony
Summary
  • MOU agreement to enable joint development of innovative technologies and solutions to significantly enhance renewable energy efficiency and optimize implementation costs
  • Partnership to also foster technology transfer and support socio-economic growth in Saudi Arabia by investing in renewable energy initiatives.

Riyadh, Saudi Arabia - June 16 2023 - ACWA Power, a developer, investor and operator of power generation, water desalination, and green hydrogen plants, has announced a significant milestone in its pursuit of renewable energy excellence. The company has signed a memorandum of understanding (MoU) with Huawei Digital Power, a leading global provider of digital power products and solutions, to establish a joint-innovation program, to drive the growth of local industries and expedite decarbonization targets of the Kingdom of Saudi Arabia.

The joint initiative between ACWA Power and Huawei Digital Power will focus on developing cutting-edge technology that optimize the efficiency and reduce costs associated with renewable energy projects. By leveraging local expertise and resources, the partnership aims to drive advancements in renewable energy production and energy storage projects, enabling a sustainable and economically prosperous future.

"

Collaboration is a key pillar of our approach to renewable energy development in Saudi Arabia, aligning with the objectives outlined in Vision 2030. This partnership with Huawei not only supports our ambitious renewable energy goals but also contributes to the development of a thriving research and innovation ecosystem locally. By joining forces with one of the world's top digital power companies, we ensure that our projects are optimized to meet the Kingdom's renewable energy needs, providing affordable and sustainable power solutions for our communities.

Thomas Altmann, EVP of Innovation & New Technology at ACWA Power
"

The research and development program will yield groundbreaking solutions to enhance renewable energy projects in Saudi Arabia. The collaboration will focus on the design of photovoltaic (PV) strings, maximizing solar module capacity while reducing the number of strings required for each project. This innovation will significantly lower the balance of system (BOS) costs, reducing installation and maintenance costs.

Additionally, the partnership will explore the implementation of microgrid simulations to optimize performance based on specific energy needs. The development of advanced controllers will improve energy management, load balancing, and grid stability, enabling microgrids to seamlessly adapt to changing conditions. These advancements will increase renewable energy utilization, promoting a reduced reliance on fossil fuels. ACWA Power will be able to implement these controllers in any project that integrates and hybridizes power generation, energy storage, and loads.

"

As renewable energy deployment scales up significantly in the Kingdom and the wider Gulf region, ACWA Power is taking a step further by enhancing project outputs and addressing cost considerations. We are honored to work with ACWA Power and contribute to the low-carbon vision and strategy of the Kingdom, leveraging our expertise in providing combined digital technology and power generation solutions.

Yao Jiang, President of Huawei ME&CA Digital Power Business Department
"

Huawei Digital Power is currently collaborating with ACWA Power and Chinese engineering firm SEPCOIII on the development of a 1,300MWh battery energy storage system (BESS) for The Red Sea Project's energy storage facility. This project exemplifies the ongoing collaboration between ACWA Power and Chinese entities, which have played a pivotal role in supporting ACWA Power's growth over the years.

Since 2009, Chinese firms have been integral partners in ACWA Power's business development, strategic procurement, investments, financing, insurance, and project execution. To date, Chinese entities have contributed over USD$10 billion in equity and financing, as well as over USD$26 billion in EPC value and USD$5.3 billion worth of solar equipment across 47 landmark renewable and seawater desalination projects worldwide.

The partnership between ACWA Power and Huawei Digital Power represents a significant milestone in the advancement of renewable energy in Saudi Arabia. Through joint innovation and collaboration, the two entities are set to make substantial contributions to local economic growth, technology transfer, and the optimization of renewable energy projects, further solidifying their commitment to a sustainable future.

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ACWA Power Company published this content on 16 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2023 09:35:07 UTC.

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The Kingdom aims to reduce emissions by 278 million tons of CO2 by 2030, and hosted MENA Climate Week 2023 to advance regional transition dialogue. [26].

Egypt targets 42% renewables in power by 2035 and has the Benban complex, the largest solar plant in Africa and the Middle East, with 1,808 MW implemented and 720 MW underway.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
First in the area.
How has Egypt become one of the largest sources of renewable energy?
Egypt has sought to diversify its energy mix in recent years, especially renewable and clean energy sources, which has placed it in a leading position in the renewable energy sector in the region, and is making strides towards leading the region in green hydrogen as it has previously sought to lead in the renewable energy sector. Egypt ’ s Sustainable Climate Change Strategy 2050 enables the country to plan and manage climate change at different levels through a flexible and low-carbon approach.
Renewable Energy
Egypt aims to reach 42% of its renewable energy capacity by 2035, including 14% wind power, 21% solar photovoltaics, hydropower and concentrated solar power, and has already succeeded in raising the share of renewable energy in electricity generation capacity to about 20% by 2022.
Wind Energy
In terms of wind capacity, Egypt has three large wind farms, including the largest wind farms in the region, the Jabal al-Zeit plant, located in the Jabal al-Zeit area on an area of   100 kilometers, as part of a range of renewable energy projects all the way from Cairo to the Red Sea, passing through Zafarana, Hurghada and other Egyptian cities.
The first project of the plant includes about 120 wind turbines with a capacity of 240 MW, and connect about 100 of them to the national electricity network, while the second project includes 110 turbines, with a capacity of 220 MW, and the third phase 60 turbines to the electricity network, with a capacity of 120 MW.
Solar Energy
In terms of solar energy, Egypt has launched a number of vital projects, including the Benban solar power plant in Aswan governorate, which is the largest solar power plant in Africa and the Middle East, which will become the largest in the world once completed, and one of the largest investment projects in the clean energy sector, where 90% of the energy produced will be generated from the High Dam.
The project aims to produce 2,000 megawatts of electricity, and the size of the solar panels used in the plant is about 200,000 solar panels that produce 50 megawatts of clean energy, enough to light 70,000 homes.
The volume of energy generated from the already implemented solar projects is about 1808 MW, and projects are underway to provide another 720 MW.
Egypt ranked first in the Arab region to produce electricity from wind and solar power, with production rates of around 3.5 GW and a target of around 6.8 GW by 2024.

Egypt had 1.59 GW of installed solar by 2022 and plans to develop 24 GW of wind power to strengthen its renewable mix.

Title:

Content: The Middle East and North Africa have significant investments in wind energy
The Middle East and North Africa have significant investments in wind energy
Renewable energy throughout the Middle East and North Africa is usually talked about from one point of view: the sun shining strongly on the region ’ s deserts.
Solar energy is indeed a great source of energy and is designed to power equipment and appliances, but wind also blows through the plains, hills and seas of the Middle East, and megaprojects harness the power of wind and turn it into energy.
Political analyst Robin Mills says the Middle East and North Africa (MENA) region actually started using modern wind energy on a commercial scale a decade before using solar power, with projects in Morocco, Egypt, Israel and in Tafileh in Jordan, where the turbines are slowly spinning near the ancient fortress of Karak.
The cheapest electricity in the world is generated from solar power in the UAE and Saudi Arabia, and global projects such as the largest single-site solar farm in Al Dhafra in Abu Dhabi, with a power of 2 GW, and two of the largest multi-project sites, the Mohammed bin Rashid Solar Park in Dubai (5 GW) and Banban in Egypt (1.8 GW), can also be installed. solar on a smaller scale on the shelves of homes and factories.
Despite the lack of consistency unlike Northwest Europe, there are excellent wind resources in the MENA region.
Winds are blowing in southern Morocco and the areas around the Gulf of Suez and Aqaba in Egypt, Jordan, northwestern Saudi Arabia, southern Egypt and the southeastern coast of Oman.
Parts of Libya, southern Tunisia, the Algerian desert, inland Iran and Kuwait also experience strong winds, and in contrast to most parts of Europe, the region has open spaces where the construction of wind stations will not be rejected by some segments of society.
Egypt, which hosted the COP27, benefits from having projects that produce 1.59 GW currently installed, 0.75 GW under construction and 1.6 GW planned, and has signed a series of projects in recent weeks, which have included memorandums of understanding with Norwegian developer Skatek for 5 GW, with UAE clean energy company Masdar for 10 GW, and with Saudi energy development company Aqua for 10 GW.
It will be the second largest wind farm in the world, and the largest is Gansu, which produces 20 gigawatts in China.
Aqua is already building a 1.1 GW wind farm at Jebel Zeit on the Gulf of Suez, which will be the largest in the region when it comes into operation in late 2026, with Egypt ’ s total projected production capacity of 24 GW, the seventh largest national capacity in the world according to current figures.
In addition, Egypt, Saudi Arabia, Oman, Morocco and Mauritania will need huge wind farms to build their planned green hydrogen projects, which use renewable electricity to analyze water with electricity.
Under MENA conditions, wind power is likely to be more expensive than solar, even if Saudi Arabia gets a very competitive tariff of 2.13 cents per kilowatt-hour for its first wind farm in Dumat al-Jandal (which was the lowest solar contract in the region at 1.03 cents per kilowatt-hour).
Wind power also takes longer to build, and production cannot be predicted after a few days.
But wind has many advantages: it is clear that it often blows at night more strongly than during the day, making it complementary to solar energy.
This is especially useful in hot early autumn evenings, when people need air conditioning even after sunset.
Solar energy in the region has achieved a capacity factor, which is the average output of the source as a proportion of its peak output, and is about 20 percent over the year, allowing work at night and different seasons, Egyptian wind power manages 53 percent, and solar and wind power in the best locations can have a combined capacity factor of more than 70 percent.
And there are still some vital questions about the location of turbines and mega projects planned in Egypt?
Wind lanes around Sinai are relatively confined and surrounded by mountains, and areas to the south on the Red Sea coast, or inland areas with difficult logistical hurdles, will have to be considered.
And will the region venture out and explore offshore wind power, as Northwest Europe has successfully done?
There are stronger and more consistent winds, and much more room to develop them, albeit at higher costs.
Will current project announcements overlap with green hydrogen projects?
If this is done, the wind requirements will be much greater, and will provoke competition for good sites and equipment.
Can countries in the Middle East and North Africa that are less exposed to wind power, particularly the UAE, Qatar and Bahrain, benefit economically from improved turbines for slower wind speeds?
Will other wind-blowing countries with low energy, such as Iraq, Kuwait, Libya and Tunisia, start adopting this technology?
If those questions can be answered with a yes, the spinning turbines and shimmering solar panels in the Middle East and North Africa will become a symbol of the region ’ s shift to clean energy.
arabic

Egypt has signed $83–84 billion in renewable and green hydrogen agreements, set a 61 GW renewables capacity target by 2035, and aims for 100 GW of renewables within 10 years. [45].

Title:

Content: Egypt News
84 billion investments in Egypt.
Details of the largest dollar deal in the coming period
Egypt faces many economic challenges over the past years, and within the framework of the Egyptian government ’ s search for solutions and overcoming difficulties, the ministers of planning, economic development, finance, international cooperation, and the Postal Authority succeeded in concluding important deals and agreements to achieve a dollar return, while the Egyptian Post achieved a surplus of profits exceeding $4 billion.
9 agreements worth $84 billion
For her part, Dr. Hala Al-Saeed, Minister of Planning and Economic Development, participated in the side event organized by PepsiCo, in cooperation with the League of Arab States entitled “Unlocking Opportunities in the Middle East.
Transition to renewable energy ”, which was held on the sidelines of the United Nations Climate Change Conference “COP28 ′ ′, held in the UAE.
She stressed that the transition to renewable energy is not just an environmental necessity but has many benefits, as it is a strategic opportunity for the Middle East to create a diversified economy, enhance its global competitiveness, create new jobs, and exploit the region ’ s abundant renewable energy resources to export clean energy to the world and not just local sufficiency.
During her remarks at the conference, Al-Saeed revealed that 9 framework agreements worth $84 billion for the production of green hydrogen with regional and international developers, in addition to 22 memorandums of understanding with relevant government stakeholders and major international developers, to develop a green hydrogen seamless, including renewable energy, electrolysis facilities, and green fuel production.
The Minister of Planning pointed out that the government is actively promoting green data centers and attracting investments to facilities that use renewable energy sources in order to reduce energy consumption and operating costs that consume a lot of fuel.
Minister of Finance Mohamed Moait stressed that the transformation of the green economy, adaptation to climate change and flexible dealing with it in light of the current global economic challenges, requires new financing tools and large investment flows for emerging economies, with the need to take into account the social and environmental dimensions and sustainability standards to meet future and current needs.
Maait explained, in his meeting with representatives of HSBC banks.
On the sidelines of the climate summit held in the United Arab Emirates, we look forward to a greater role for global banking institutions in supporting the development goals of emerging economies by pushing for huge investments that contribute to improving the lives of citizens and improving the level of services provided to them.
Dr. Sherif Farouk, Chairman of the Board of Directors of the National Postal Authority, said that the Board of Directors approved the budget of the Authority for the fiscal year 2022 / 2023 with a net surplus of 4 billion and 422 million pounds.
During the past three years, the Authority has succeeded in achieving many achievements at all levels, where financial inclusion and digital transformation have been applied to all procedures and transactions, which contributed to improving the quality and diversity of services, developing existing post offices and establishing new post offices along with mobile post cars and post kiosks. With the continued support of Dr. Amr Talaat, Minister of Communications and Information Technology.
The conference, which was held in Dubai, discussed strengthening cooperation between the government and the World Bank, as the latter seeks to consolidate its role as a knowledge bank in the field of development and expand partnerships to address the global challenges that are expected to occur in the future, especially climate change.
The discussions at the conference dealt with strengthening the role of the World Bank in the field of financing for development and climate action in member countries, and ways to strengthen the role of the Bank in addressing the challenges of development, eradicating poverty and enhancing shared prosperity in developing and emerging economies.
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An Egypt–Saudi Arabia HVDC interconnection (3,000 MW, $1.8 billion) is due by 2025, enabling bidirectional power exchange and improving grid reliability.

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Content: ...
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...
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Energy.
Orascom Construction: 20% of our share in the construction of the project linking Egypt and Saudi Arabia
$5.2 billion of the company ’ s business in progress as of the end of June
Posted in: Last Updated:
Ossama Beshay, CEO of Orascom Construction, said that the part of the alliances that will implement the construction of the electrical interconnection project between Egypt and Saudi Arabia ranges between 40 and 50% of the total of $1.8 billion, while the company ’ s share of that percentage is 20%.
He explained in an interview with Al-Arabiya on Wednesday that the rest is the cost of constructing the submarine cable and the lines of connection in both Saudi Arabia and Egypt.
He continued: "Our part relates to the equipment of the center in Egypt, which is a control center and its own buildings with control devices to transfer electricity from Egypt to Saudi Arabia and vice versa."
The contracts, which were signed simultaneously between Riyadh and Cairo, included contracts with three alliances of international and local companies, to implement the connection project, which has a capacity of 3000 MW HVDC technology 500 kV, consists of the establishment of three high voltage conversion stations: East of the city station, Tabuk station in the Kingdom, and Badr station east of Cairo, linking them air transport lines up to 1350 kilometers, and sea cables in the Gulf of Aqaba. The total cost of the project was $1.8 billion.
Orascom Construction B.L.
Orascom Construction ’ s alliance with Hitachi ABB Power Grids on Tuesday signed a contract with the Egyptian Electricity Transmission Company (EETC) to carry out all works in Egypt to connect the national electricity grids in Egypt and Saudi Arabia, while a separate alliance of Hitachi ABB Power Grids and Saudi Electro-Mechanical Services (SEM) will carry out the works in Saudi Arabia.
The CEO of Orascom Construction noted that the first part of the project is expected to be completed in 2024, with the project to be completed a year later.
He explained that the hardest part, which requires the longest duration, is not the part that Orascom Construction is responsible for, but the submarine cable.
In addition to the importance of providing accurate technical information by electricity companies in both Egypt and Saudi Arabia to contractors in order to do the exact design of the project, because everything depends on linking the two networks to each other, which requires taking all the details, which takes time.
The first of its kind.
“What we do know is that there is a similar project between the United States and Canada, but not on this scale.
The project of linking Egypt and Saudi Arabia is the first in the world with a size of 3 gigawatts. ”
"It is as if an additional huge plant is being built that enables the use of energy at peak times by the needy side."
He also pointed out that the project itself creates a model of cooperation to be easily implemented between other parties such as Saudi Arabia, Iraq, Saudi Arabia, Syria or Lebanon, Egypt, Sudan, Egypt and Libya, adding: "Currently there is a link from Egypt to Jordan, but not with the same technology that enables the transfer of energy in both directions."
He attributed the fact that Saudi Arabia and Egypt were the first countries to implement such a project, due to the population density, high consumption and large energy available in the two countries.
Business Size
On the other hand, on the volume of work in progress for Orascom Construction, the CEO of the company said that the results will be disclosed in two weeks, but as of the end of June the volume was at $5.2 billion, adding: "We expect to remain at the same level even with our consumption in each quarter."
He also said that Egypt has expressed the need to establish desalination plants to provide sufficient water for drinking, and to limit the use of Nile water to agriculture and other activities.
"We have expressed our readiness to invest in this program based on our previous projects, discussions are ongoing and we are waiting for guidance from the state."
The Biden Plan
Orascom Construction has activities in America, making it one of the potential beneficiaries of the infrastructure plan that the Biden administration is seeking congressional approval.
Beshay explained that Orascom Construction ’ s business in America accounts for 30% of its business volume.
He continued: "The plan will have a positive impact on all contracting companies that work in the field of infrastructure, and we are waiting for the decision of Congress and the announcement of the plans."
“I think the states in which we operate will have a share of these investments. ”

Egypt supports renewables with tax exemptions, a feed-in tariff, subsidies and grants, and subsidized land allocation, backed by a clear legal framework under Electricity Law No. 87 of 2015.

Title:

Content: Egypt ’ s move towards renewable energy represents a major shift in its energy policy, reflecting global sustainability trends and local environmental needs.
This detailed analysis explores Egypt ’ s legal framework for renewable energy projects, highlighting growth opportunities and regulatory challenges that must be overcome.
Aspirations for renewable energy and strategic plans
Egypt has set targets looking to increase its renewable energy production in line with global initiatives such as the Paris Agreement to combat climate change, and this commitment is reflected in Egypt ’ s strategic plans, which outline the goals and mechanisms needed to integrate renewable energy into the national electricity grid.
The legal framework governing renewable energy in Egypt
Central to Egypt ’ s renewable energy policy is the Electricity Law No. 87 of 2015 and its subsequent amendments. These legal provisions create a regulated environment for the development and regulation of renewable energy sources. The law gives the Egyptian Electricity Regulatory Authority the authority to oversee and implement regulations, ensuring effective and sustainable management of the sector ’ s growth.
Government incentives and international cooperation
The Egyptian government has provided various incentives under these laws to encourage investment in the renewable energy sector, including tax exemptions, tariff exemptions, and other financial incentives designed to make renewable energy projects more feasible and attractive to investors.
Emerging investment landscape in renewable energy
Egypt ’ s move towards renewable energy has opened up new investment opportunities, especially in the solar and wind sectors, as the liberalization of the energy market has made it accessible to private investors, both local and international. Successful renewable energy projects in Egypt are a testament to the sector ’ s potential, as they provide useful insights into market dynamics and future growth trajectory.
Detailed legal framework for renewable energy
The Electricity Law No. 87 of 2015 and its amendments form the basic legal structure governing the production, distribution and regulation of electricity, including renewable energy. This law defines the roles of various government agencies, such as the Egyptian Electricity Regulatory Authority (ERA), in overseeing the sector, paving the way for private sector participation and introducing regulatory mechanisms such as feed-in tariffs, which have been effective in attracting investments.
Renewable Energy Law and Investment Law
Egypt ’ s Renewable Energy Law and Investment Law form an important part of the state ’ s approach to advancing the renewable energy sector, and the Renewable Energy Law specifically addresses the development, promotion and use of renewable energy sources such as solar, wind and hydropower.
It also provides a legal framework for various renewable energy initiatives, detailing the responsibilities of both public and private entities involved in the production and distribution of renewable energy, and plays a key role in establishing regulatory mechanisms, including the establishment of feed-in tariffs, which are designed to offer attractive prices for renewable energy that feeds the national grid, thus stimulating private investment.
The Investment Law, especially Law No. 72 of 2017, complements the Renewable Energy Law by providing a set of financial incentives to promote investment in the renewable energy sector, including tax exemptions, where new investments in renewable energy can be exempted from certain taxes for a specific period.
In addition, the law provides for lower tax rates on profits generated by renewable energy projects, making these projects more financially attractive, and other benefits under the investment law may include exemptions from customs duties and other fees on equipment and machinery imported for use in renewable energy projects.
Together, these laws aim to create a supportive and financially viable environment for renewable energy projects and encourage local and international investors to participate in Egypt ’ s renewable energy sector. The government ’ s focus is not only to increase renewable energy production, but also to ensure that these projects contribute to sustainable economic growth and environmental conservation.
Regulatory Challenges and Bureaucratic Obstacles
Despite the supportive legal framework, developers often face challenges in dealing with the bureaucratic landscape, where the process of obtaining licenses and approvals can be complex, involve multiple government bodies and rigorous environmental assessments, and delays in these processes can hinder project timelines and affect the overall viability of renewable energy projects.
Andersen Egypt has expertise in liaising with government bodies and obtaining the necessary permits and approvals for large-scale renewable energy projects.
Environmental impact assessments and approvals
Despite the supportive legal framework, developers often face challenges in dealing with the bureaucratic landscape, where the process of obtaining licenses and approvals can be complex, involve multiple government bodies and rigorous environmental assessments, and delays in these processes can hinder project timelines and affect the overall viability of renewable energy projects.
Andersen Egypt has expertise in liaising with government bodies and obtaining the necessary permits and approvals for large-scale renewable energy projects.
Environmental impact assessments and approvals
Despite the supportive legal framework, developers often face challenges in dealing with the bureaucratic landscape, where the process of obtaining licenses and approvals can be complex, involve multiple government bodies and rigorous environmental assessments, and delays in these processes can hinder project timelines and affect the overall viability of renewable energy projects.
Andersen Egypt has expertise in liaising with government bodies and obtaining the necessary permits and approvals for large-scale renewable energy projects.
Environmental impact assessments and approvals
EIA ensures that environmental considerations are integrated into project planning and implementation. Obtaining approval for EIA can be a major hurdle, and requires thorough documentation and adherence to environmental standards.
Incentives to develop renewable energy
The Egyptian government offers several incentives to encourage the development of renewable energy in Egypt. These include tax incentives, duty exemptions and preferential tariffs under the “feed-in tariff ” system. These incentives aim to ease the financial burden on developers and make renewable energy projects more economically viable.
The following incentives can also be applied to large-scale renewable energy projects in Egypt:
A feed-in tariff system (FiTs) is a system of prices set by the Egyptian government that allows producers to sell renewable energy to the national grid, providing long-term contracts and ensuring a stable and predictable revenue stream for renewable energy projects.
• Tax incentives: Reductions in corporate income tax rates, exemptions from customs duties and sales taxes on imported renewable energy equipment, and other tax-related benefits are available to encourage investment in renewable energy
• Government subsidies and grants: direct financial contributions to reduce the initial capital costs of establishing renewable energy projects.
Land allocation: The government may offer land at subsidized prices or on special terms for the construction of renewable energy facilities, especially in areas with high renewable energy potential.
Regulatory support: Simplified approval and licensing procedures help reduce bureaucratic hurdles and accelerate the implementation of renewable energy projects.
Opportunities in the Renewable Energy Sector
Egypt ’ s evolving legal and regulatory environment offers significant opportunities for growth in the renewable energy sector. The government ’ s commitment to increasing renewable energy production has opened up prospects for investment, especially in solar and wind power. The sector ’ s potential is further enhanced by Egypt ’ s geographical advantages, such as high solar radiation and favorable wind conditions.
Challenges in Egypt ’ s Renewable Energy Sector
Dealing with the regulatory environment for renewable energy projects in Egypt poses many challenges.
They include:
Complex approval processes: Obtaining the necessary permits and approvals can be time-consuming and complex, involving multiple government bodies.
Infrastructure Development: Adequate infrastructure is still being developed to support renewable energy projects, including grid connectivity.
Despite government incentives, securing financing for renewable energy projects can be difficult due to anticipated risks and high upfront costs.
Market volatility: The renewable energy market is subject to fluctuations in technology costs, global energy prices and policy changes, which may affect the viability of the project.
• Technological advancements: Keeping pace with rapid technological advances in renewable energy while complying with regulatory standards is a major challenge.
Opportunities for growth and development
Despite these challenges, Egypt ’ s renewable energy sector offers many opportunities:
Government support and incentives: Strong government support for renewable energy, manifested in its legal framework and incentives, creates an enabling environment for growth.
Geographical advantages: Egypt ’ s geographical location provides an abundance of solar and wind energy resources, making it an ideal location for renewable energy projects.
• Private sector participation: The liberalization of the energy market has opened doors for private sector investment, both domestically and internationally.
• Sustainable Development Goals: In line with global sustainability goals, renewable energy projects in Egypt contribute to environmental conservation and economic diversification.
• Job creation and economic growth: The renewable energy sector has the potential to create jobs and stimulate economic growth, contributing to the overall development of Egypt.
Concluding remarks
The Egyptian legal framework for renewable energy projects, which is characterized by a mixture of opportunities and challenges, is a reflection of the country ’ s commitment to sustainable energy development, and although dealing with the regulatory trend may be complicated, the potential rewards and opportunities to achieve the desired goals are great.
As Egypt continues to improve its legal and regulatory environment, maintaining flexibility will be key for companies looking to take advantage of opportunities in this dynamic sector.
The content of this article is intended to provide a general guide to the subject matter.
Specialist advice should be sought about your specific circumstances.

Jordan achieved 31% renewables by 2023, aims for 50%, and provides 0% interest solar loans for farmers to accelerate deployment. [19].

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Content: Among them Iraq.
5 Arab Countries Leading Solar Energy Support Programs
2023-11-07 | 02: 22
Alsumaria News – Economy
Solar subsidy and loan programs in Arab countries continue at a time when the need for alternative energy sources is acute, as the effects of climate change intensify, and the global energy crisis that began with the Russian invasion of Ukraine on February 24, 2022 intensifies.
Solar energy in Iraq, Jordan, Lebanon, Egypt and Kuwait receives official support, either through direct legislation approved by the parliaments of these countries, or through loans made available by government and official banks there, or through national and national projects provided by the ministries of energy and electricity, according to the specialized energy platform.
In the coming years, support for solar energy in Arab countries is expected to gain momentum, with many declaring their commitment to achieving carbon neutrality by mid-century and plans to increase the contribution of renewable energy to their electricity mix by 2050.
* Support for solar energy in Jordan
The most prominent support received by solar energy in the Arab countries is that provided by Jordan, through a range of programs supervised by the Ministry of Energy and Mineral Resources, as the solar loan project in Jordan witnessed a new step on Sunday, October 29, as part of efforts to motivate citizens to adopt clean energy.
The Agricultural Credit Corporation signed an agreement with the Renewable Energy Promotion Fund to support the second phase of the program to install solar cell systems for farmers to cover the interest on the loans, according to a press release.
* Solar Loans in Jordan
The Minister of Agriculture and Chairman of the Agricultural Lending Corporation, Khalid Al-Hanifat, said that the agreement will reduce the cost of production for farmers, as it targets all animal and plant agricultural activities, as it covers beneficiaries with a ceiling of 20 thousand dinars (28.1 thousand US dollars) without interest.
At the same time, Jordan is preparing for the third phase of the strongest support program witnessed by solar energy in the Arab countries, the installation of solar cells in homes, the second phase of which ended in July 2023, according to information monitored by the specialized energy platform.
This program aims to support the use of solar energy in Jordanian homes, as well as the installation of solar heaters, which will reduce the cost of electricity for citizens, while reducing the energy import bill for the state.
* Solar Loans in Lebanon
As part of the efforts to support solar energy in the Arab countries, the Lebanese effort, which aims to alleviate the energy crisis, is highlighted through an important program to grant solar energy loans, which are an appropriate and sustainable solution to overcome the energy threat, as described by the Lebanese government a year ago.
The installation of solar energy in the homes of Lebanese will solve the crisis of high electricity bills, as these loans are provided to the low- and middle-income by the initiative "Loans to the low- and middle-income", in cooperation with the Lebanese Center for Energy Conservation.
Loans for the installation of solar energy systems and plants in Lebanon range from 75 million to 200 million liras ($2,590 to $6,900) per person, up to a maximum of 80% of the project cost, and at an interest rate of 4.99% per annum, depending on the specialized energy platform.
* Information on Solar Loans in Lebanon
It is noteworthy that the solar energy market in the Arab countries is witnessing increasing growth, especially in Lebanon, which, despite its major crisis, witnessed during 2020 about 313 projects authorized, with a capacity of 14 MW, before this number increased, and the country records 662 applications for the installation of solar plants, during the period from October 2021 to March 2022.
According to the Lebanese Center for Energy Conservation, the installation of solar power plants in Lebanese homes will save citizens the value of high bills, which makes them able to save the value of the loan within two to three years, especially since the repayment is limited to paper lira only.
Solar energy in Egypt
In August 2023, the Committee on Energy and Environment in the Egyptian House of Representatives set a number of rules to increase the number of small household units to consume electricity from solar energy, as part of its recommendations on the Economic and Social Development Plan for 2023-2024.
The Committee stressed the need to develop alternative renewable sources of energy, to take action to mitigate and adapt to climate change and its consequences, while working to reduce greenhouse gas emissions, and to accelerate the transition to low-carbon vehicles.
Solar energy in Egypt
Prior to these directives, Egypt witnessed one of the strongest solar energy subsidy programs in the Arab countries, with four banks, including government banks, providing loans of large amounts to support the installation of solar energy systems and their stations for homes, through various repayment programs.
HSBC Egypt, one of the largest solar loans in the Arab world, is offering EGP 2 million ($64,675) with a repayment period of about seven years, while QNB is offering a loan of EGP 400,000 ($12,930) for seven years.
Misr State Bank also offers a financing program worth up to EGP 500,000 ($16,168) and a repayment period of up to 10 years, while the Commercial International Bank (CIB) offers a loan worth EGP 350,000 ($11,300) with a repayment period of 5 years.
* Solar energy in Kuwait
As the State of Kuwait prepares to complete new phases of the Shaqaya CSP project, the State continues to encourage citizens to use solar energy in their homes, as part of its drive to achieve carbon neutrality and reduce emissions by mid-century.
The State of Kuwait adopts a unique approach that distinguishes it from all consumers of solar energy in the Arab countries, as it encourages citizens to sell electricity in excess of their consumption to the government, generated from solar panels installed on rooftops.
* Solar energy in Kuwait
According to an analysis by Mordor Intelligence, seen by the specialized energy platform, the solar energy market in Kuwait is expected to register a compound annual growth rate of more than 7%, especially as this market is achieving a significant recovery, despite the damage caused by the outbreak of the Coronavirus three years ago.
Despite this, Kuwait ’ s solar market is not growing in line with expectations, as initial spending is large, and there is a lack of multiple government programs during the forecast period, but over time internal subsidies continue, leaving the country with the most important solar projects in the Arab countries.
At the same time, the Kuwaiti government is working to provide solar energy to citizens by building huge power plants from an inexhaustible renewable source, especially as Kuwait enjoys a very high brightness, which qualifies it to enter this market from its widest doors.
Iraq to finance solar installation
As Iraq faces one of the difficult electricity crises, caused by the lack of Iranian gas supplies, and seeks alternative sources, both external (such as Qatari gas) and internal (such as the tendency to burn gas associated with electricity generation), Baghdad continues to provide one of the most important forms of solar energy subsidies in Arab countries.
In January 2022, the Central Bank of Iraq issued controls to finance electricity generation systems from renewable energy, as the governor of the bank signed the first circular that allows citizens and institutions to buy systems and power plants from solar energy.
Solar energy in Iraq
This initiative is in line with the State ’ s commitment to the decisions of the Paris Climate Conference, as the interest on loans provided to citizens to install solar power plants did not exceed 1%.
While the value of loans ranged between 7 million Iraqi dinars (4 thousand and 800 dollars) for stations 3 kilowatt hours, and one billion dinars (685 thousand dollars) for large projects in residential squares, according to the website of the Central Bank of Iraq.
Source: Energy Platform
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Oman targets 20% renewable consumption by 2030, operates the 607 MW Ibri PV plant, and aims to produce 1 million tonnes of green hydrogen by 2030. [13][39].

Title:

Content: MUSCAT: Renewable capacity expansion in the Middle East and North Africa (MENA) is projected to grow three-fold over the next five years (2023 – 2028), with the Sultanate of Oman ranked among the front-runners in driving this growth. According to a new report by the International Energy Agency (IEA), Oman’s renewables capacity growth is set to be the fourth largest in the region after Saudi Arabia, United Arab Emirates and Morocco.

These countries will account for the lion’s share of the 62 gigawatt (GW) increase in renewables capacity anticipated in the region by 2028, the Paris-based intergovernmental agency noted in its newly published report. “Over the next five years, the pace of growth is expected to accelerate to more than three times the previous five-year period, with solar PV making up over 85 per cent of the increase. Onshore wind and concentrated solar power also contribute,” said the IEA in its report, titled ‘Renewables 2023: Analysis and forecast to 2028’.

Driving much of this growth will be efforts by individual countries to decarbonize their electricity generation, but green hydrogen production is set to play a major role as well, according to the report. This is particularly the case in Saudi Arabia, UAE and Oman, it pointed out. “In fact, hydrogen accounts for more than 13 per cent of the region’s renewable capacity growth thanks to government policies to stimulate development for trade. Good solar resources, land availability and existing port infrastructure create favourable conditions for economically attractive renewable hydrogen to be shipped to demand centres in Europe and Asia,” the agency further stated.

Additionally, the report reaffirmed Oman’s positioning among the world’s top exporters of renewable hydrogen. It said: “By 2028, potential export countries could account for over one-fifth of hydrogen-driven renewable capacity deployment, led by Saudi Arabia, Australia, Oman and the United Arab Emirates. With the prospect of producing economically attractive renewable hydrogen to ship to potential demand centres in Europe and Asia, these countries aim to become major exporters of renewable hydrogen and hydrogen-based fuels.”

A revised Renewable Energy Plan enshrined in Oman’s 2040 Vision seeks to secure 16 per cent of electricity from renewables by 2025, rising to 30 per cent by 2030. Clean energy capacity is projected to rise to 2.6 GW by 2025 under the National Energy Master Plan. Supplementing this strategy is a commitment to embracing green hydrogen to, on the one hand, decarbonise the economy, and on the other to evolve into a major producer and exporter of renewable hydrogen. Green hydrogen output is targeted at around 1 million tonnes per annum by 2030.

2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).

Kuwait targets 15% renewables by 2030 (and 50% by 2050), endorsed IRENA in 2010, and operates the 50 MW Shagaya solar plant as a landmark project. [15].

Title:

Content: State of Kuwait Announces Modernization of its Renewable Energy Goals and Enhancement of Energy Efficiency Strategies
The State of Kuwait announced on Wednesday the update of its renewable energy targets and the promotion of energy efficiency strategies, stressing its prominent role in the global transition towards a zero-carbon future, as part of its ongoing commitment to sustainability and renewable energy.
This came in a speech delivered by the Director General of the Kuwait Institute for Scientific Research, Dr. Meshaan Al-Otaibi, during his chairmanship of the delegation of the State of Kuwait participating in the 14th International Renewable Energy Policy Lawmakers Forum organized by the International Renewable Energy Agency (IRENA) in Abu Dhabi under the title (The building blocks of a renewable future..
Accelerating progress towards tripling renewables).
Al-Otaibi reviewed Kuwait ’ s efforts to double the proportion of renewable energy in its production capacity from 15 to 30 percent by 2030 and to reach 50 percent by 2050.
He explained that these goals come within the strategy of the Ministry of Electricity, Water and Renewable Energy announced by the Minister of Electricity, Water and Renewable Energy Dr. Salem Al-Hajraf last March.
Al-Otaibi also pointed out that this step comes within the framework of Kuwait ’ s drive to promote a sustainable energy economy and stressed the importance of energy efficiency as a key pillar of the national strategy.
He pointed out that the State of Kuwait is working to implement a set of policies and provide incentives to reduce the growing demand for energy and reduce it by 10% by 2030 compared to 2020.
In this context, Kuwait has announced the start of the second and third phases of the Shaqaya Renewable Energy Complex, which will add about 5,000 MW to the national grid of the complex, in addition to 2,500 MW of energy systems distributed to consumer areas, thus enhancing Kuwait ’ s potential to achieve its stated renewable energy goals by 2030.
Al-Otaibi reiterated Kuwait ’ s commitment to achieving carbon neutrality by 2060, which was announced at the Sharm el-Sheikh summit (COP27), pointing out that it is a humanitarian duty towards the planet and future generations and Kuwait ’ s pledge to implement comprehensive strategies in line with global efforts to combat climate change.
The Kuwaiti delegation participating in the forum includes a number of officials and researchers from the Ministry of Electricity, Water and Renewable Energy and the Kuwait Institute for Scientific Research, noting that the forum of legislators of renewable energy policies is held within the works accompanying the 14th session of the General Assembly of the International Energy Agency, which is hosted in the capital Abu Dhabi.
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Iraq targets 12 GW of renewables by 2030, has a $680 million clean energy fund, abundant sunshine, and low-interest loans to support solar uptake despite grid constraints. [46].

Government incentives and finance are expanding, with the UAE offering subsidies and tailored financing through Emirates Development Bank to support solar market growth. [11].

Title:

Content: Emirates Development Bank: Committed to Growing Solar Market
T + T - normal size
Emirates Development Bank (EDB), the main financial driver of the UAE ’ s economic diversification and industrial transformation agenda, has affirmed its commitment to stimulate the growth of the solar energy market in the country, in line with the government ’ s vision and strategies for sustainable economic growth and its directions in supporting the diversification of energy sources and the adoption of clean energy projects, especially renewable energy.
This came as the bank concluded its participation in the Water, Energy and Environment Technology Exhibition (WETEX) and Dubai Solar Energy 2023, which was organized by the Dubai Electricity and Water Authority (DEWA) under the theme “At the forefront of sustainability ”.
Ahmed Mohammed Al Naqbi, Chief Executive Officer, Emirates Development Bank, said: “WETEX Dubai Solar provides a key platform to engage with key players and experts in the energy and water sectors to discuss two of the most pressing issues of our time: energy system transformation and climate action.
As a development bank, we are keen to participate in this event. ”
Al Naqbi added: “The UAE has a favourable environment for investment in solar energy projects and this can be attributed to several reasons, the most important of which is the ambitious goals set by the country to increase its production capacity of clean and renewable energy to 14 gigawatts by 2030, in addition to the low costs of solar technology and the abundance of sunlight in the country.
We were pleased with the high turnout of companies and investors to contact us during the exhibition to discuss financing solutions to support their solar projects and contribute together to the growth of the renewable energy and climate technology market in the UAE. ”
Emirates Development Bank (EDB) offers competitive financing solutions to support companies ’ transition to clean and sustainable energy sources, with a primary focus on solar energy.
This is in line with the UAE Energy Strategy 2050, which aims to triple the contribution of renewable energy by 2030.
In early 2023, the year of sustainability in the UAE, the Emirates Development Bank added the renewable energy sector to its list of national priority sectors that it supports to contribute to a fair and equitable transition to renewable energy sources for all.
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Green finance in MENA reached $3.8 billion in 2020 and is rising, while renewables are expected to represent 34% of electricity investment in the region by 2026.

Title:

Content: Global News
The World Today - A pivotal and promising role for the countries of the region in the transition to renewable energy
You are now following the news of a pivotal and promising role waiting for the countries of the region in the transition to renewable energy from the news section of the world and now we leave you with full details
MARCH 3, 2023 02: 16 AM - The Middle East and North Africa (MENA) region has always played a pivotal role in the oil and gas markets, but this role will not stop if the world decides to move to low-emission sources of energy.
According to APRICORP, renewable energy investments are expected to account for 34 percent of electricity investment in the Middle East and North Africa between 2022 and 2026.
According to McKinsey & Company, the Middle East and North Africa receives 22 to 26 percent of the solar radiation energy on Earth, due to its geographical location.
Solar energy is not the only thing that distinguishes the region, as countries in this region are likely to be the source of 10 to 20 percent of the global hydrogen market by 2050, according to Roland Berger.
Hydrogen is likely to generate annual revenues of $120 billion to $200 billion by 2050, and many countries in the region have already started projects to transport and export hydrogen to energy-consuming countries.
The region has about 10 percent of global carbon capture and storage capabilities.
Despite the many challenges that countries in the region must face in this regard, the Middle East and North Africa (MENA) region has the potential to play a pivotal role in the global energy transition.
The most prominent question about green finance comes in this promising region.
Nael Amin, senior director of financial services at Arthur D. Little, said on this week ’ s episode of Dot Gulf ’ s World of Energy program that green finance in the Middle East and North Africa, including green bonds, had reached $3.8 billion in 2020.
This amount, according to Amin, has grown significantly during the year 2022, specifically in 4 countries, Turkey, the Arab Emirates, Egypt and Saudi Arabia, due to the development in the region and increased investments in this sector, as well as providing some important requirements in this sector.
Amin explained that besides financing, the region is witnessing progress in many areas in terms of dealing with environmental factors, which is an attractive factor for investors.
Over the past two years, banks have significantly increased their legislation in this area, as each of the Gulf countries has implemented the necessary standards and requirements to support the business environment in the field of green energy.
There are challenges, according to Amin, the most prominent of which is the data challenge, as he pointed out that banks are approaching the activities of customers to know the necessary data on funded projects, for example, in the case of financing the construction of a building, you must know the amount of energy that will be consumed by this building.
The Gulf States are working and collaborating with each other to understand the framework that must be adopted to develop infrastructure in the field of renewable energy and promote sustainability, which will positively impact and support green investment in general in the region.
We hope that we have succeeded in conveying the full details of a pivotal and promising role that awaits the countries of the region in the transition to renewable energy.
In God ’ s care and protection.
You may also read.

The Middle East is scaling grid and storage readiness, with batteries essential for integrating variable renewables and smart grids pivotal to achieving COP28 goals.

The UAE is building pumped storage at Hatta Dam (1,500 MWh) and advancing a combined CSP-PV complex with long-duration storage, while Qatar institutions develop safe large batteries for grid integration. [34][70].

Title:

Content: Connect with us

Tech

Latest Sustainability Technology – Five Notable Trends

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Latest Sustainability Technology – Five Notable Trends January 3, 2022

It is a well-known fact that technology and innovation are the keys to sustainability in the modern world. However, sustainability efforts around the world have been affected by the COVID-19 pandemic. R & D projects have been put on hold to counter the benefits of short-term emissions reductions due to blockades, the resurgence of disposable materials, and the disruption of recycling facilities. However, sustainability technology is once again in the limelight as the world’s gaze is directed to groundbreaking events such as the next United Nations Climate Change Conference 2021 (COP26), boosted by economic recovery.

In the Qatar Foundation’s Research and Development Innovation (QF RDI), sustainability means protecting and restoring the environment while balancing economic development and well-being. Here are some of the biggest innovation trends to watch in the coming years:

1. The rise and rise of electric vehicles We have all heard about electric vehicles, but in the coming years, the wider transportation sector will be set for a huge digital transformation. Transport accounts for about one-fifth of the world’s carbon dioxide (CO2) emissions and overtook energy production as the world’s largest pollutant a few years ago. But things are changing. For example, aviation, fleets, cargo, and ships are all set to benefit from improved accessibility and adoption of electrification and charging infrastructure, or advances in battery technology.

Developing intelligent transportation solutions is another good example of how the transportation sector can digitize. Based in QF RDI’s Qatar Science and Technology Park (QSTP), the Qatar Mobility Innovation Center (QMIC) is the region’s first independent innovation center. QMIC aims to increase mobility efficiency and minimize its environmental impact based on powerful R & D capabilities for developing and deploying intelligent mobility and smart city platforms and technologies.

2. Agtech becomes mainstream Agriculture has a reputation for being one of the world’s largest emitters of greenhouse gases, despite being an important sector, but it has greened the industry and has both climate and purpose. There are many agtech companies that want to have a positive impact on our dishes. McKinsey & Company predicts that the technology could bring $ 500 billion in global GDP by 2030, so connectivity in the industry could also benefit productivity. there is. The chain has highlighted the need for more local and sustainable procurement. Research on soil quality monitoring, water management systems, precision pollination, indoor agriculture, and dietary changes is just one part of how technology is revolutionizing this sector with our planet in mind.

3. Pandemic-led innovation The pandemic has disrupted our progress, focused on carbon emission targets and increased the use of disposable materials. But it has also catalyzed many areas of innovation. The new cooling technology is primarily developed for vaccine transport and storage, but has multiple uses that may be more sustainable than current options. Digital efforts are increasing reliance on data centers and demanding more sustainable ways to operate data centers using renewable energy and the Internet of Things (IoT). There is no doubt that more interesting inventions will come as we continue to escape from the COVID-19 storm.

The Qatar Foundation has launched an electric tram system that benefits everyone visiting the educational city, not just the QF community.

4. Micromobility A is not a very microtrend As the outlook for overseas travel has temporarily declined, the concept of micromobility has skyrocketed and the number of innovative companies leading this sector has skyrocketed. Many are in the MENA area. Globally, McKinsey & Company figures show that the e-scooter market is projected to grow from $ 3.7 billion in 2019 to over $ 40 billion by 2030.

The popularity of human-powered and two-wheeled or three-wheeled electric vehicles is skyrocketing and is far superior to the environment. There are considerable benefits. They have a low cost per use and can positively contribute to the health and well-being of users. In urban areas, micromobility can solve the long-standing problem of efficient first and last miles while also addressing the problem of congestion.

5. Scaling Energy Storage Today, renewable energy sources such as solar and wind are tightly integrated into the global energy production mix, with the prospect of optimizing energy storage technology. Hamad bin Khalifa University and its energy storage portfolio, which are part of the Qatar Foundation, such as the Qatar Institute for Environmental Energy, develop safe, reliable and cost-effective large battery technology that enables storage of surplus. And so on, real concrete innovations are happening. Energy and grid and renewable energy integration for residential, commercial and utility scale use.

Much of the complexity of managing energy storage and energy supply is in relation to the smart grid. QSTP’s partner, Iberdrola Innovation Middle East, is an innovation center that addresses practical technical challenges related to grid digitization.

Technology is the key to achieving the United Nations Sustainable Development Goals, addressing climate change and conserving natural resources.

A consistent strategic vision and sustainable funding in this area are essential to drive research, development and innovation to harness the power of technology to move forward. Another QSTP partner, the Gulf Organization for Research & Development (GORD), is leading the sustainability outlook for the MENA region. Through R & D and efforts in areas such as standards setting, green building certification and capacity building, GORD aims for sustainable low-carbon growth, an ambition that all of us should aim for for current and future generations. We aim to make it possible.

John Taylor McKentia, Director of Industrial Development and Knowledge Transfer (IDKT), Qatar Foundation Research and Development Innovation (QF RDI) Joined the Qatar Foundation in 2013 when the Intellectual Property and Technology Transfer Office was established, and John was the first in QF. IP policy and process. As director of the Industrial Development and Knowledge Transfer (IDKT) office, John leads a team of IP and commercialization experts to protect and sell technology, find partners, and license QF-owned IP worldwide. Offering inside. He has led the commercialization efforts of his ICT portfolio, which has been his focus for the past 25 years. He is currently acting as Energy and Environmental Commercialization Manager. He has negotiated and executed more than 25 licenses and sales agreements with large, medium, small and start-up companies around the world on behalf of the QF entities HBKU, QCRI and Texas A & M-Qatar. Within the QF RDI structure, he prepares the team to share the knowledge and expertise to lead the distributed mode effort. This will allow more hands across the QF infrastructure to support IP protection and commercialization.

Throughout his career, he has consulted with governments in Japan, Singapore and China on technology transfer and has led the Pacific Rim division of computer software and hardware distributors. He has been involved in launching several start-ups and has advised many other companies. He spent five years in Tokyo, Japan, representing, marketing and licensing the business interests of the United States throughout Asia.

Prior to joining QF, he was a five-year licensing expert at the Pacific Northwest National Laboratory (PNNL), managing the institute’s intellectual property portfolio of information technology. In this position, he created a lab policy on software use and dissemination and led efforts to protect and commercialize information technology. At PNNL, he developed the first comprehensive software IP policy at the US Department of Energy (DOE) Institute. It subsequently became the standard for federal laboratories and developed a model for handling export control reviews of software invention disclosures. During his time at PNNL, he taught International Marketing and Business at Washington State University in Richland, Washington, USA.

Prior to PNNL, he was responsible for copyright, software, and trademarks at the University of Illinois for over 12 years. So he started developing office operations plans, intern-based market triage models, and university open source software policies. He helped close the gap between industry and universities by facilitating collaboration.

John McEntire is a QFRDI expert. He holds a bachelor’s degree from Brigham Young University and an MBA from the University of Illinois.

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What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

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Saudi Arabia’s NEOM will host one of the world’s largest battery energy storage projects (about 1,300 MWh), underscoring the region’s storage-led integration strategy.

Title:

Content: Huawei explains the world's largest Saudi energy storage project: low electricity prices, fast model replication, can supply the whole city
2021 / 10 / 23 16: 55: 40 Source: IT House Author: Hanchi Editor: Ocean
IT Home News on October 23, October 16, 2021 Global Digital Energy Summit was held in Dubai.
At the meeting, Huawei Digital Energy Technology Co., Ltd. and Shandong Electric Power Construction Third Engineering Co., Ltd. successfully signed the Saudi Red Sea New City energy storage project.
The project is the world's largest optical storage off-grid energy storage project, and its energy storage system can reach 1300MWh.
On October 21, Huawei carried out an in-depth interpretation of this project.
The owner of the project is the Red Sea Development Company, the developer is ACWA Power, which is a Saudi company engaged in clean energy power generation, seawater desalination and supply, and the general contractor is Shandong Electric Power Construction Third Engineering Co., Ltd., a subsidiary of China Power Construction.
Huawei mainly provides the overall solution of optical storage in the project, which includes 1300MWh energy storage system, PCS, communication system and management system.
At the same time, Huawei is also involved in scheme design, power grid simulation and related design consulting services.
Huawei said that the economy of this world's largest optical storage off-grid energy storage project is particularly outstanding, and the overall system life cycle cost per kilowatt will be less than 10 cents, compared with the traditional power generation method used in Saudi Arabia has considerable advantages.
Chen Guoguang, chief operating officer of Huawei digital energy company and president of smart photovoltaic business, believes that the project can truly open the era of light storage parity, and has the advantages of quickly replicating its power system model, especially for remote areas with no grid or poor grid facilities in the world, and clean energy can solve the power supply problem.
IT House learned that Huawei said that this large-scale use of "photovoltaic + energy storage" to supply an energy project of a million population level city is the first time in the world.
At the same time, the Red Sea New Town project is also an attempt by Saudi Arabia to seek new economic growth points under the condition of decreasing oil resources.
As for why Huawei was able to win the bid, Huawei said that its company has two advanced technologies: one is to solve the problem of how to safely and stably operate a large-scale optical storage independent network; the other is to solve the problem of power supply costs.
Moreover, Huawei's overall delivery time is short, and it can also bring some reference value to customers in the operation and maintenance management of the later stage.
According to the agreement, Huawei ’ s smart light storage solution will begin delivery in June 2022 and is scheduled to be completed in March 2023.
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Cross-border infrastructure is advancing via the Egypt–Saudi HVDC link and broader initiatives to strengthen regional interconnections for balancing and flexibility.

Regional policy ambition is matched by global supply chain engagement, with Chinese firms exporting 11.4 GW of PV modules to the Middle East in 2022 and investing in local manufacturing and deployment.

Title:

Content: China 's orders surge' in the Middle East, hot money flows to more unicorns
Author: External Submission
Published: Updated:
The market and capital of the Middle East, the market and technology of China, are moving in both directions with enthusiasm.
The front foot of Saudi Arabia has just invested 40 billion in high-tech vehicles, and the rear foot of the United Arab Emirates has invested nearly 8 billion in NIO vehicles.
Why are the two oil giants looking at China's new energy?
Original text published in WeChat public account Ruicheng, Hong Kong 01 authorized to reprint.
Hot money from the Middle East is rushing to China for more unicorns.
Middle East out of money, domestic companies out of the project, what did they invest in?
At the same time, the heat of the Middle East market is also attracting attention.
Qatar Energy has promised to continue delivering liquefied natural gas to China for the next 27 years; China ’ s PV is heading out to the Middle East; and the North Gas Field, regarded as the world ’ s largest single gas field by Qatar, will receive a share in the next expansion project.
Chinese companies and the Middle East cooperation has been discussed one after another, what are the opportunities?
NIO Automotive showcases its automotive products in Wuhan in July 2022 (Getty)
01 Why did the new power of car building become a “hot spot ” for oil-producing countries?
On the evening of June 20, NIO announced that it has signed a share subscription agreement with CYVN Holdings, an Abu Dhabi investment institution. CYVN Holdings will make a total strategic investment of about US $1.1 billion (about 7.9 billion RMB) through the targeted issuance of new shares and the transfer of old shares.
What is CYVN Holdings?
It is a majority-owned investment institution by the Abu Dhabi government.
The Chairman of the Authority is the Minister of Finance of Abu Dhabi, and also serves as Vice Chairman of the Abu Dhabi Central Bank, Vice Chairman of the Sovereign Fund ADQ, and Director of the Sovereign Fund ADIA and the oil company ADNOC.
As we all know, Abu Dhabi is the largest of the seven emirates of the United Arab Emirates (UAE), accounting for 86% of the country's total area and 42% of the total population.
Therefore, CYVN Holdings' investment in NIO can be seen as a direct result of the UAE national team, which is an investment with a strong official color.
It means that the UAE believes in our electric vehicle enterprises in China and is optimistic about our development prospects in the field of new energy.
This is the second time in nearly half a month that Middle Eastern countries have extended an olive branch to Chinese new energy vehicle companies.
On June 11, the Saudi Ministry of Investment and China Express signed an agreement worth 21 billion Saudi riyals (about 40 billion RMB) to establish a joint venture in the development, manufacturing and sales of automobiles.
Saudi Arabia and the United Arab Emirates, two Middle East oil-producing countries, are clearly the biggest winners in the era of fuel vehicles, why invest a lot of money in new energy vehicles?
UAE: A flag of the United Arab Emirates flies in the wind on a boat at a Dubai pier on May 22, 2015. (Reuters)
There are two main reasons:
First, the resource curse crisis.
Oil reserves are capped, there is always a day to dig out.
Moreover, the current world energy landscape is also quietly changing, zero carbon background, countries are looking for cleaner solutions, shale gas, solar energy, hydrogen energy and many other energy technologies are continuing to develop.
This may further break the monopoly of the Middle Eastern countries in oil.
Therefore, it is only natural for the Middle East to consider economic restructuring in advance and avoid being abandoned by the times.
Today, most Middle Eastern countries, whether oil producers or non-oil producers, will develop a green economy, develop new energy and renewable energy as the basic strategy of national sustainable development.
For example, the UAE proposed its Energy Strategy 2050 as early as 2017.
In this context, new energy vehicles have naturally become a new investment hotspot and economic growth point for the Middle East market, especially Saudi Arabia and the United Arab Emirates.
Second, China has significant advantages in the field of new energy vehicles.
At present, China is the world's largest new energy vehicle market, whether it is technology, product or supply chain maturity, in the global context, have a prominent influence.
China has many new energy vehicle companies, global power battery leaders, intensive energy supply network, mature new energy vehicle industry chain, the competition has become white-hot intelligent cockpit and automatic driving technology... and these have also created China's new energy vehicles outstanding cost-performance ratio.
Therefore, whether it is investing in Chinese new energy vehicle companies, or introducing Chinese new energy vehicle brands, it is a valuable and potential option for investors in the Middle East.
02 Middle East Capital Flows to China ’ s Unicorn
The Middle East has capital, China has technology and market, such a scenario is not only in the new energy vehicle industry.
In other areas of China, money is pouring in from the Middle East as well.
At the just-held “China-Arab Entrepreneurs Summit ”, Hong Kong Stock Exchange CEO Au Guansheng said that by 2030, the investment capital of the Middle East sovereign fund is expected to increase to 10 trillion US dollars, by which time, more than 10-20%, or 1-2 trillion US dollars of investment, will be invested in China.
Chinese venture capital firms are receiving money from the Middle East.
What kind of investment and opportunities in China do Middle East investors prefer?
Among the top 10 sovereign wealth funds in the world, the Middle East countries occupy four seats.
According to research by alternative asset research organization Preqin, as of 2022, the total asset management scale of sovereign wealth funds in the Middle East reached 3.64 trillion US dollars, accounting for one-third of the total global sovereign wealth funds.
From the public data, it can be seen that since the beginning of 2023, capital from the Middle East is flowing into China, with special attention to cutting-edge technology, biopharmaceuticals, new consumer trends and other areas.
For example, the Public Investment Fund (PIF) of Saudi Arabia, the largest country in the Middle East, submitted a QFII (Qualified Foreign Investor) application to the China Securities and Futures Commission at the end of 2021, and by February 2022, its Hong Kong office had opened.
Previously, PIF has been investing frequently in China.
According to incomplete statistics of the Sovereign Wealth Fund “Saudi Model ”: Globalization and Localization of PIF, published by Gao Hao, director of the Global Family Enterprise Research Center of the School of Wudaokou Finance of Tsinghua University, PIF ’ s total overseas equity investment in 2017-2021 was about US $60.8 billion, of which the total investment in China was about US $12.2 billion, accounting for 20%.
In terms of industry distribution, there are 13 equity investments in China (including additional investment), 4 investments in online education (3 assignments, 1 head to 1), 4 investments in the Internet (1 Little Red Book, 1 word of mouth, 2 road trips), 2 investments in software services (Keep 1, 1 truck), and 1 investment in commercial real estate (WeWork). One pen goes to medical and health care (Ping An Good Doctor) and one pen goes to retail (melon seeds used car).
More recently, there has been a larger flow of money between the Middle East and China.
According to media reports, on the first day of the China-Argentina Entrepreneurs Summit, investment agreements worth 10 billion US dollars (about 71.6 billion yuan) were signed, covering more than 30 industries, including technology, renewable energy, agriculture, real estate, minerals, supply chain, tourism and healthcare.
Outside of the summit, investments continue to take place, such as in late May, when Saudi Aramid-backed venture capital firm Prosperity7 announced that it was investing “tens of millions of yuan ” in Shanghai-based driver-assistance technology startup Hyperview.
In addition to Saudi Arabia, the UAE is also investing heavily in China.
In May this year, the UAE hosted a conference specifically for Chinese entrepreneurs.
According to the country ’ s state media, the country hosted China ’ s “top 50 unicorns ” (startups valued at more than $1 billion) and launched a“ secret Arab-Chinese unicorns investment conference. ”
This is a win-win cooperation.
Over the past few years, governments across the Middle East have announced plans to invest heavily in reshaping their economies to achieve sustainable growth in the future.
Being deeply involved in the transformation of the Middle East is an opportunity that all countries want to fight for, and Chinese companies with valuable infrastructure and manufacturing technologies are naturally among them.
For the Middle East countries, China has technology and a market, and cooperation with China is also one of the key driving forces for the successful transformation of the Middle East countries.
A clear trend is that, based on the strategic planning of the Middle East countries themselves, there is more and more investment in China to meet the needs of the industry.
Many Middle East LPs want to drive local industry development through investment and economic transformation.
Industrial investment has become a "two-way drive" between China and the Middle East.
Xi Jinping and Saudi Crown Prince and Prime Minister Mohammed meet in Riyadh, Saudi capital, in December 2022 (Reuters)
03 Outbound Middle East Heat
At the same time that the capital of the Middle East looks to the "East", the Middle East has become a popular area for Chinese companies to go overseas.
For example, when Europe and the United States began another round of strikes on Chinese PV, Chinese PV companies set their eyes on the Middle East market, which is opening its enthusiastic arms to us.
According to InfoLink data, in 2022, the Middle East imported 11.4 GW of PV modules from China, an increase of 78% compared to 2021.
In the past, the import of components in the Middle East market was mainly Pakistan and Israel, while in 2022, the United Arab Emirates and Saudi Arabia saw significant growth.
Saudi Arabia ’ s imports from China increased tenfold in 2022 compared to 2021, while the UAE grew by 340% year-on-year in 2022, making it the largest component customer in the Middle East.
Moreover, it is not only the supply of components, Chinese photovoltaic companies have been on the move, directly to the Middle East, to strive for the development of photovoltaic solar independent power generation projects in the Middle East.
As mentioned above, on June 11, the first day of the China-Argentina Entrepreneurs Summit, the two countries signed an investment agreement worth $10 billion, which covers the renewable energy sector.
This is a great market opportunity for Chinese photovoltaic companies.
According to the Middle East Photovoltaic Industry Association (MESIA), the low-carbon energy industry in the Middle East and North Africa region will be worth $257 billion by 2030.
Among them, PV accounts for 50% of the project value, which means that the Middle East PV market is nearly trillion.
Opportunities in the Middle East market are not only in the photovoltaic sector, in the case of Saudi Arabia, there are also other rich opportunities in a number of technology sectors, including energy technology.
Examples include new digital infrastructure such as data centers, supply chain solutions for consumer goods, and fintech.
Of course, the rich Middle East is a hot land and a jungle, with countless opportunities and brutal competition.
For example, in addition to establishing cooperative relationships with local companies, enterprises must also build their own teams in the local area, such as the maintenance of relations with the government.
In short, do the brand well or do the local scarce supply chain, but either way, it takes time to accumulate.
Going to the Middle East also requires long-termism.

Engineering firms such as Larsen & Toubro are executing multi-gigawatt solar EPCs (3.5 GW), reinforcing the region’s capacity to deliver large projects.

Title:

Content: L&T Secures Mega Renewable Energy Project in Middle East

Larsen & Toubro's renewable energy division has landed a significant project in the Middle East, entailing the construction of two Gigawatt Scale Solar PV plants. With these new orders, the company’s renewables portfolio is projected to reach a cumulative capacity of 22 GWp.

Devdiscourse News Desk | Updated: 08-07-2024 12:17 IST | Created: 08-07-2024 12:17 IST
  • Country:
  • India

The Renewable energy arm of Larsen & Toubro (L&T) has clinched a major energy project in the Middle East, the company announced in an exchange filing on Monday. The project involves building two Gigawatt Scale Solar PV plants with a key developer in the region.

These solar plants will have a combined capacity of 3.5 GW (Gigawatt). The orders also encompass grid interconnections, including pooling substations and overhead transmission lines. Engineering and initial construction work for the project is slated to commence shortly.

Last month, the company announced securing a solar-cum-storage plant project in India. With the addition of these new mega orders from the Middle East, L&T's renewables portfolio is expected to reach 22 GWp (Gigawatt Peak) in cumulative capacity, comprising both solar and wind projects. 'The successive order wins stand as a testament to our engineering and project management capabilities,' noted T Madhava Das, Whole-time Director & Sr Executive VP (Utilities) - L&T.

Larsen & Toubro is a USD 27 billion Indian multinational enterprise engaged in EPC (Engineering, Procurement, and Construction) Projects, Hi-Tech Manufacturing, and Services. 'The Middle East is leading in sustainable energy infrastructure. These orders are valuable additions to our green portfolio as we envision the future with next-generation technologies,' said S N Subrahmanyan, Chairman & Managing Director - L&T.

Shares of the company stood at Rs 3602.45 on Monday at the time of the report filing. (ANI)

(Disclaimer: With inputs from agencies.)

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Economic impacts are substantial, with $879 billion in energy investments expected over five years and 5.6 GW of renewable capacity added in 2022 toward 33 GW by 2026.

Title:

Content: BasicEnvironment
US $9 BILLION ARAB ENERGY INVESTMENTS
The Arab Petroleum Investment Company (APICORP) expects total planned and committed investments in the energy sector in the region to exceed $879 billion over the next five years, an increase of $74 billion from last year ’ s investments of $805 billion.
According to the Middle East and North Africa Energy Investment Outlook for 2022-2026, the impact of the Russian-Ukrainian war on the region ’ s energy sector is mixed, with energy exporting countries leading the way in spending on renewable energy projects, benefiting from windfall gains in oil and gas revenues after the war led to a sharp rise in prices.
However, geopolitical volatility and unfavorable global conditions will not slow the growth of oil, gas and petrochemical investments in the region over the next five years.
Committed Projects
In the GCC, committed projects represent about 45 percent of total energy investment in the Arab region, 50 percent higher than the overall regional average of 30 percent for this category of projects.
For countries that import most of their energy needs in the Levant and North Africa regions, energy investments have declined, as these countries are more vulnerable to the geopolitical risks of war, exacerbated by economic pressures imposed by inflation and debt burdens.
Rami Ashmawy, senior energy specialist at Apicorp, said: “The latest report reveals that the region is on its own path to energy transformation, with the region taking the largest share of future global oil and gas investments to ensure global energy security and avoid the imminent risks of accelerated growth that pose a major threat to the global economy.
At the same time, the region continues to invest in clean and renewable energy and decarbonization technologies, as part of a long-term strategic vision to build a low-carbon future through a cleaner, more balanced and more sustainable energy mix. ”
Hydrogen
Apicorp forecasts that blue and green hydrogen will dominate emerging hydrogen markets across the region in the near term, as the fundamentals of hydrogen markets will lead to their expansion.
For the Middle East and North Africa (MENA) region – and the GCC countries in particular – the focus will be on exporting low-carbon hydrogen via ammonia shipments to demand centers in Europe and Southeast Asia.
Suhail Shatila, senior energy specialist at Apicorp, said: “Blue hydrogen has proven to be a more attractive option for the MENA region in the medium term, with a relatively low production cost and limited impact on existing business models of national and international oil companies.
This is a key measure in the energy transformation journey, given the important role of hydrocarbon producers in supporting decarbonisation efforts in oil and gas exploration and achieving net-zero emissions targets by mid-century. ”
Diversification of energy sources
Countries in the region are seeking to integrate renewables into their energy mix, in line with their shared goal of diversifying the mix of power generation with low cost and low carbon sources, to enhance the security of energy supply.
The report predicts that the Arab region will boost the total installed capacity of renewable energy sources by 5.6 gigawatts during the current year 2022, which is double the capacity that was put into operation in 2021, which amounted to 3 gigawatts.
By 2026, the region is expected to add 33 gigawatts of installed capacity from renewables, of which about 26 gigawatts are in the form of electricity and distributed solar photovoltaic panels.
Apicorp predicts that natural gas, the dominant fuel in power generation, will continue to grow and maintain 70 to 75 percent of the region ’ s power generation by 2024.
As a positive sign of sustainability, the use of oil-fired energy sources is expected to decline from 24 to 20 percent of total power generation by 2024.
In Saudi Arabia, the report points to an increase in electricity generation by gas over the next five years, and a decrease in oil generation during the same period, predicting that the share of electricity generation by oil in the energy mix will fall to less than 30 percent in 2022, compared to 32 percent in 2021.
In the UAE, the share of natural gas in the power generation mix is expected to fall from around 90 percent to less than 60 percent over the next five years as it seeks to diversify its energy supply through the use of nuclear and renewable energy.
Nuclear energy production levels in the Middle East and North Africa remain relatively modest, accounting for only 3 percent of the total energy mix in 2021.
Regulations, equities, capital markets and the private sector
With oil and gas companies facing tighter financing terms, ever-changing regulations, and striving to contribute to socio-economic development and affordable energy, governments are shouldering the bulk of hydrocarbon investments to ensure the security of energy supplies.
Sustainability bonds and green bonds issued in the Middle East and North Africa (MENA) region in 2021 more than tripled compared to 2020, reaching a total value of $18.64 billion.
2021 also saw the birth of the first voluntary carbon trading program in the MENA region, by the Saudi Stock Exchange (Tadawul), paving the way for the development of a formal market for trading and exchanging carbon insurance and compensation.
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The transition is set to create 225,000 regional jobs by 2030, support GDP growth, and diversify economies through new industries like green hydrogen. [49].

Title:

Content: Contribution ｜ Explore Hong Kong ’ s role and opportunities in the development of renewable energy in the Middle East
Author: 01 More Voices
Published: Updated:
In recent years, Hong Kong has actively promoted the development of renewable energy and launched a number of related products in the financial market.
In addition, more and more Hong Kong enterprises have also started to participate in the development of this industry, especially in the financial market, and launched a number of financial products to support the development of renewable energy.
At the same time, many countries in the Middle East, such as the United Arab Emirates, Jordan, Saudi Arabia, Oman and Turkey, are also actively engaged in various large-scale projects to promote the development of renewable energy, and expect to see a different energy mix and economic development model in 2030 or 2050.
For Hong Kong, China and other countries, the development opportunities of the Middle East market cannot be ignored, and Hong Kong ’ s participation in this area cannot be underestimated.
Submitted by: Kwong Cheuk-wui
Recently, I had the opportunity to participate in several seminars on economic and energy development in the Middle East, and have in-depth exchanges with government representatives in charge of foreign affairs and trade from various Middle Eastern countries and Azerbaijan.
These exchange experiences provide the author with a wealth of insight.
After many in-depth talks, to understand the interest and momentum of the development of renewable energy in many countries in the Middle East, the author synthesized the information from various parties and came to the following insights: The reason why the major oil producers in the Middle East are actively developing renewable energy is to achieve economic diversification and get rid of dependence on oil and related industries.
They hope to turn the country ’ s surplus renewable energy into new, dependable foreign revenues (i.e., revenues generated from natural resource exports; “Rents ”) through innovative technologies.
For other non-oil producing countries, they want to achieve economic sustainability through the development of renewable energy, reduce dependence on traditional fossil fuels or electricity imports, and convert renewable energy into new external rental income to boost the country ’ s economic development.
From this, it can be seen that the Middle East countries are very concerned about the development of renewable energy, but also hope to complete the energy transformation as soon as possible, and look forward to renewable energy can produce more and greater economic benefits, create new dependent income, promote economic diversification and modernization, but also benefit thousands of people.
As a result, many countries in the Middle East have invested heavily in and promoted energy transformation and clean energy development.
Although many countries have made extraordinary achievements in driving renewable energy development, they also face many challenges.
Jordan, for example, has a wealth of renewable energy resources, including solar, wind, geothermal and bioenergy, as well as state-of-the-art renewable energy laws, regulatory mechanisms and development frameworks.
Earlier this year, Jordan successfully achieved its national roadmap, originally set for 2030, with renewable energy accounting for 31% of total energy.
The Jordanian government also plans to increase this target to 50%, and is committed to building the country into a regional renewable energy development center and exporting environmentally friendly power to neighboring countries to increase the country ’ s foreign revenue.
However, like other Middle Eastern countries, Jordan faces a host of challenges.
These challenges include lagging energy infrastructure, imperfect grid planning, an over-concentration of resources on solar and wind with less focus on geothermal energy, and a lack of energy storage systems and foreign investment.
In addition, there is the debt problem of the national power company.
These difficulties not only affect Jordan ’ s progress in developing renewable energy, but also act as a barrier to modernizing and diversifying the country ’ s economy.
Some Jordanian officials and scholars are concerned about whether the development of renewable energy is progressing as expected.
They are concerned that if the development of renewable energy and its core economic development model are not carried out smoothly, or if the newly set targets are not successfully achieved, the country ’ s economic sustainability will be adversely affected.
At the same time, it can undermine the credibility and governance of the government.
In particular, those political forces that have been opposed to the use of renewable energy to promote economic development and diversification may take the opportunity to launch opposition actions, further endangering the political stability and regional security of the country and the Middle East as a whole.
It is worth noting that these challenges are not only in Jordan, but also in Middle Eastern countries such as Morocco and Egypt.
Other countries such as the United Arab Emirates, Oman, Saudi Arabia and Qatar have also made great efforts to develop solar and wind power in recent years, but in addition to the above concerns and challenges, there are also concerns that the development of renewable energy will have some impact on the high dependence of these countries ’ economies on oil and gas markets, which may affect existing incomes and lead to economic and social instability.
Other factors include the huge demand for capital, the need for foreign technology and talents, the need for talent training, economic feasibility, etc. These are also issues of concern to the officials of these Middle Eastern countries.
These challenges are in fact a valuable development opportunity for Hong Kong.
The key is to make good use of our strengths, especially in the Belt and Road Initiative, to work with the Middle East countries to promote renewable energy and green economy development.
This not only helps these countries diversify their economies, but also creates development opportunities for Hong Kong businesses and governments, and indirectly promotes the development of other industries.
I suggest that Hong Kong can establish cooperation platforms and channels of communication with transnational organizations in the Middle East and North Africa, such as the Arab Parliamentary Union, the Gulf Cooperation Council, the Turkic Parliament and the Arab Maghreb Union.
Such a platform could be used to explore free trade agreements and to help Middle Eastern countries provide services such as finance, advisory, legal, education or training, and energy infrastructure.
This will not only help Hong Kong consolidate its leading position in the professional services sector and the financial sector, but will also directly or indirectly create many development opportunities, especially in Islamic finance.
Finally, Hong Kong can consider providing financial support to the Middle East countries by assisting in the issuance of Islamic financial bonds to promote the development of renewable energy, and can also take the opportunity to develop Islamic finance in Hong Kong as a new financial center outside the Islamic world.
Of course, Hong Kong should not only cooperate with major countries such as Saudi Arabia and the United Arab Emirates or the above-mentioned multinational organizations and platforms, but also consider other regions with development potential and worthy of investment, such as Turkey, Azerbaijan, Morocco, etc.
This diverse collaboration will help Hong Kong expand its international presence and contribute to global sustainability in the renewable energy sector.
The author, Mr Kwong Cheuk-rui, is the Executive Director of the Hong Kong Group of Ideas, a Master of Arts from the Australian National University, and has worked at the Australian Institute of International Affairs.
The article is only the opinion of the author and does not represent the position of Hong Kong 01.
Please email us at 01view @ hk01.com.
Please attach the author ’ s real name and contact details.
If not applicable, without prior notice.

The MENA region is projected to supply 10–20% of the global hydrogen market by 2050, with annual revenues estimated at $120–200 billion as costs fall below $2/kg by 2030. [10].

Title:

Content: Atef Abdullah (Abu Dhabi)
Global interest in green hydrogen as the fuel of the future and the “optimal ” source of clean energy has recently increased at the level of governments and companies, in a hybrid phase of energy fuel compatible with new environmental regulations and laws that also include oil and gas (carbon free) and hydroelectric.
A host of factors have spurred investment in green hydrogen, including pledges by major industrialized nations to cut emissions to zero by 2050 under the Paris Agreement on climate change.
To achieve these goals, countries need to produce massive amounts of solar, wind, and hydro to meet industry, transportation, and electricity sectors, while hydrogen provides flexible solutions to store, send, and charge energy when needed.
Hydrogen is also the most abundant element in the universe, and is produced, the green type of it, through the electrolysis of water, where this method uses an electric current to separate hydrogen from oxygen in the water, and feed electricity from renewable sources (wind and sun), while oxygen, the second component of water, is produced and released into the air, where it is a positive factor for the atmosphere.
Hydrogen economy
According to a report by Goldman Sachs, hydrogen is expected to meet about a quarter of the world ’ s energy needs by 2050, and the sector is expected to attract an estimated $11.7 trillion in investment, a forecast that is in line with a previous Bank of America study that projected an injection of $11 trillion over the period 2020-2050.
Hydrogen is likely to generate $2.5 trillion in direct revenue and $11 trillion in associated infrastructure by 2050, especially with production expected to double sixfold.
Role of the region
Although the Arab world holds about 57% of the world ’ s crude oil reserves and 26% of the world ’ s natural gas reserves, according to the statistics of the Organization of Arab Petroleum Exporting Countries (OAPEC), it also has several elements that can make it a major player in the field of renewable energy due to the large area of   the desert and sunshine most of the year.
According to a study by the Friedrich-Ebert-Stiftung (FES), the Middle East and North Africa (MENA) region is blessed with abundant wind and wind energy, which is essential for the production of low-cost green hydrogen, which in turn supports local industries, the economic and social development of the region and the creation of more new jobs.
The study stressed that the Middle East region has the potential to become a center for green hydrogen production, both for its regional and global markets, as the opportunities that exist will outweigh all challenges.
The region is home to major energy players led by ADNOC, Mubadala, Masdar, Abu Dhabi Holding, Dubai Electricity, ACWA Power and NEOM, who can accelerate the transition to a low-carbon economy in the Arab world with their physical capabilities, qualified technical staff and global expertise.
In addition to international initiatives, there are regional initiatives focused on the development of the sector such as the Middle East and North Africa Hydrogen Alliance (Dii Desert Energy), which implements initiatives aimed at the prosperity of the green hydrogen sector and sustainability by creating a strong market with local jobs and industries linked to the transformation of the energy sector.
Cost of production
At present, producing green hydrogen costs three times the cost of producing natural gas, and producing it is more expensive than gray hydrogen naturally because of the electrolysis process required to manufacture it.
But according to a recent report by the International Renewable Energy Agency (IRENA), hydrogen produced with electricity generated from renewable sources could rival conventional energy sources in terms of production costs from 2030 onwards.
This is due to the continuous decline of a range of costs such as solar and wind power production, as well as the improvement of operational and production performance in general, as well as the expansion of the production of electrolysis devices, which is reflected positively over time in reducing their costs by 40% in the short term and up to 80% in the long term.
According to the Bernstein Investment Group ’ s projections, the cost of producing green hydrogen could fall below $2 per kilogram by 2030, versus $1 per gallon of gasoline.
Fuel cell costs are likely to drop 80 percent over the same period, to $30 per kilowatt, as the hydrogen industry grows.
By the mid-2000s, hydrogen fuel-cell heavy cargo vehicles may be more competitive than diesel trucks, and by 2030 fuel-cell vehicles could compete with electric vehicles in terms of total cost.

The UAE expects the green transition to save $191 billion and is targeting 1.4 million metric tons of low-emission hydrogen by 2031. [23].

Solar PV offers some of the world’s lowest power costs in the UAE and Saudi Arabia, strengthening competitiveness and energy security.

Despite progress, integrating variable renewables at scale remains a challenge due to grid limitations, underscoring the need for storage, HVDC links, and regulatory reforms to reduce interconnection delays. [3][64].

Title:

Content: Q&A with ESS’ Director of Europe Alan Greenshields

Addressing grid interconnection delays & the role of Long Duration Energy Storage to reach net zero, ESS’ Alan Greenshields sits down with Energy Digital

Around the world, there is great pressure on grid modernisation to ensure its resilience and to keep up with ever-increasing demand. But unprecedented delays are stopping these plans to secure grids’ futures in its tracks, potentially bringing up new problems when it comes to energy storage. In the UK, for example, the Enviromena battery project was slammed with a connection delay until 2036, a setback of 14 years.

This highlights the urgent need for grid modernisation and follows the news that the CEO of Octopus Energy is threatening to shift billions of pounds in energy investment overseas to avoid the UKs 200GW connection queue, and the 15 year wait for connecting renewable power projects to the grid.

Alan Greenshields, Director of Europe at ESS, is an expert in energy technology. He brings more than 20 years of experience in the rechargeable battery space. He started his career in high-volume manufacture of computer electronics with IBM and later worked as a senior manager in the Instrumentation Division of VDO Adolf Schindling, a world-leader in automotive instrumentation and now part of Continental.

Alan stresses the reason for the dire need for grid modernisation is because there has been no significant change to the grid for the last three decades, which is limiting renewable energy's mass deployment and threatening net-zero goals.

He believes the timelines to get these projects live could be significantly reduced with ample provision of Long Duration Energy Storage (LDES) to accelerate the transition to net-zero, improve energy security and lower consumer costs.

In this interview with Energy Digital, Alan will explore the root causes of these delays and discuss how LDES solutions can expedite the transition to renewable energy, and how ESS’ groundbreaking battery system is set to power Europe’s largest clean energy hub.

In your own words, what is ESS and what services does it provide?

ESS is accelerating global decarbonisation by manufacturing and deploying safe and sustainable LDES systems.

The company is backed by Bill Gates’ Breakthrough Energy Ventures, Honeywell International and SB Energy, and has developed iron flow batteries which deliver up to 12 hours of storage for commercial and industrial-scale projects. ESS iron flow technology uses safe, sustainable chemistry and simple earth-abundant materials – just iron, salt and water. ESS' iron flow technology leverages a broad and flexible supply chain, is largely reusable or recyclable at the end of life and has the lowest life cycle footprint of any competing storage technology according to the University of California - Irvine, supporting customers in achieving their sustainability commitments.

As well as sustainability benefits for customers, ESS technology offers cost-effective energy storage. This is especially true at scale when the benefits of a technology with an inherently low cost entitlement become increasingly apparent. Where Li-ion system costs increase roughly in proportion to storage capacity, iron-flow batteries rely upon a low-cost electrolyte made of iron, salt and water allowing the cost-effective addition of capacity. In addition, ESS’ iron flow chemistry overcomes challenges associated with Li-Ion batteries, such as toxic electrolytes, cooling requirements and fire risks.

Fundamentally, ESS’ iron flow batteries enable the clean energy transition. Our customers deploy iron flow technology to store excess renewable energy when available and use it when needed. It can support a wide range of applications — time-shifting renewable energy, ancillary grid services, smoothing the intermittency of renewables, supporting capacity needs and more. Due to the inherent safety of iron flow technology, there is no risk of thermal runaway, meaning iron flow batteries can safely operate in wildfire-prone and populated areas.

What factors do you believe are primarily responsible for the grid interconnection delays, and what potential solutions do you see to mitigate these delays?

The challenge primarily lies in an outdated grid and an outdated bureaucracy.

A predominantly renewable grid will look different than the fossil-based system upon which we have relied to date. While the UK’s National Grid has historically had 40 to 50 applications for connections a year, as we usher in the era of renewables, this number has risen to around 400 a year, representing ~234GW of renewable energy waiting to be connected to the grid.

Regulators have been criticised for grid interconnection delays potentially hindering this shift away from fossil fuels, with renewables groups sounding the alarm over UK grid connection delays of up to 13 years. The bureaucracy that manages grid interconnections needs reform to keep pace with the volume of requests. In the short term, transmission grid connections for power projects can be sped up by the UK enacting actions laid out in The Government and Ofgem's jointly published Connections Action Plan. This was released in November and includes key areas of action for the government, Ofgem, the Electricity System Operator (ESO) and network companies.

The plan raises entry requirements to improve the quality of projects applying for transmission connections. For example, the ESO will now require a landowner Letter of Authority to evidence permission from a landowner for a transmission network connection on their land. Both these steps are vital to ensure stalled or ‘zombie’ projects are ejected from the queue, and that capacity is made available for viable projects.

Fortunately, as energy experts continue to highlight the risks to decarbonisation targets, practical actions are being taken to decrease grid connection delays. For example, in November, the National Grid announced that it was accelerating the connection of up to 20GW of clean energy projects, meaning 19 battery energy storage projects worth around 10GW would be offered dates to plug in, averaging four years earlier than their current agreement. This was based on a new approach which removes the need for non-essential engineering works prior to connecting storage.

To limit grid interconnection delays, changes to help regulators slash red tape need to continue, with new policies implemented quickly and effectively.

How crucial is the provision of LDES in accelerating the transition to net-zero, and what role do you envision battery storage playing in addressing the challenges of grid connection delays?

As the world transitions to decarbonised energy systems, emerging LDES technologies will be critical for supporting the wide scale deployment of renewable energy sources. The LDES Council predicts that LDES need to be scaled up dramatically over the next 20 years to build a cost-optimal net-zero energy system, and that by 2040, LDES will need to have scaled up to ~400 times present day levels to 1.5 to 2.5TW (85 to 140TWh).

For all the energy that humans consume on this planet each year in homes, transport and industry, it takes just two minutes of the sun shining on the earth for the same energy to be replenished. But today, we are just not very good at harvesting and utilising this energy.

This is largely due to the inherent intermittency of renewable power generation and a grid designed to rely upon centralised, stationary fossil generation. To date, dispatchable fossil fuels — mostly natural gas — have enabled renewables by managing the variation in wind and solar generation to maintain grid stability. This no longer needs to be the case, as LDES systems can shift electricity from times of high supply to times of high demand, smoothing fluctuations in generation and providing increased flexibility, reliability and stability to the power system.

This is essential when addressing grid connection delays, as LDES can be used to ease transmission congestion by storing excess energy during periods of over-generation and deploying it when needed.

What strategies do you propose for incentivising investment in energy infrastructure while ensuring timely grid connections for renewable projects?

The House of Lords Science and Technology Committee recently released its report, ‘Long-duration energy storage: get on with it’, highlighting that the government must act fast to ensure LDES technologies can scale up and contribute to the decarbonisation of the electricity system.

It highlights that developers need a clear business case, supporting infrastructure — such as grid connections — and financial support in order to invest the substantial amount needed to scale up storage to tens of terawatt hours. Energy infrastructure projects can take years to build and the committee’s report outlined that a coordinated effort is needed to unlock the necessary up-front capital investment to build these projects and protect the UK from future energy supply shocks.

Similarly, the government has also recognised that additional financial support mechanisms are needed to enable investment in LDES. The Department for Energy Security & Net Zero set out some parameters of a proposed cap and floor scheme in a consultation in January.

A cap and floor subsidy works by setting an overall revenue cap and floor for a given facility in a contract between the storage facility and the government. If revenues exceed the cap, the extra is returned to the government. If revenues are less than the floor, the government pays the difference to the storage facility. The cap and floor mechanism limits risk by ensuring a minimum revenue, while incentivising the storage facility to operate to reach the revenue cap. This guarantee can drive private investment in necessary infrastructure without the expense of a blanket subsidy.

Contracts for difference, another policy intervention explored in the consultation, work in a similar way and involve agreeing a long-term contract with a ‘strike price’ for electricity usually set through a competitive auction. When the storage facility sells electricity into the wholesale market, the subsidy supplements the sale price to match the strike price — if the sale price exceeds the strike price, the storage owner pays the difference back. The revenue per MWh thereby becomes predictable.

What are the potential benefits and challenges associated with replacing coal-fired power stations with large-scale battery systems?

The transition from coal to clean is taking place worldwide. With existing transmission infrastructure and available land, existing coal power stations are providing ideal locations for future clean energy hubs. With around half of European power plants predicted to be retired by 2030, there is a huge opportunity for existing brownfield sites to be transformed into renewable energy hubs to support the clean energy transition.

This is not merely hypothetical. In eastern Germany, major electricity company Lausitz Energie Verwaltungs (LEAG) plans to transform its Boxberg power station into Europe’s largest-ever clean energy hub. ESS will be supplying a 50MW/500MWh battery system to the energy hub, which is expected to become a standardised building block in LEAG’s plan to ultimately deploy 7 to 14GW of renewable generation, 2 to 3 GWh of long-duration energy storage and up to 2GW of green hydrogen production.

We know that climate change is an urgent problem and that addressing it will require the deployment of clean energy capacity to continue to accelerate. As renewable and energy storage projects scale up, so too must the regulators and bureaucracies that enable them. With pioneering examples such as LEAG’s clean energy hub to light the way and policy frameworks such as CfD and cap and floor, regulators have clear examples to follow that will enable decarbonization while ensuring reliable, resilient energy systems.

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Content: 900 exhibitors showcase their innovations at Middle East Energy in Dubai
T + T - normal size
His Excellency Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority (DEWA), inaugurated yesterday Middle East Energy 2023, the region ’ s leading energy event with over 900 suppliers from around the world showcasing their latest innovations and new technologies to the market.
The 48th edition of the exhibition, which runs until March 9 at the Dubai World Trade Centre and is attended by more than 35,000 energy professionals, will feature an exhibition and three separate conferences, including Intersolar Middle East, the Strategic Conference and Technical Seminars, which explore plans and policies to shape the region ’ s energy sector and inform attendees of its current reality.
During his tour, Al Tayer spoke to a number of leading exhibitors from the region and the world to take a closer look at the latest products and trends in the industry, including Fanar and the German National Pavilion.
Sibylle Bfaff, Consul General of the Federal Republic of Germany in Dubai, stressed that Germany has been keen to participate in the Middle East Energy Show for years, and the German pavilion returns with the largest area in the history of the exhibition this year with the participation of 58 companies, reflecting an increase of 20% compared to last year.
She said: “We were delighted that His Excellency Saeed Al Tayer visited our stand, where he was particularly interested in energy efficiency and sustainability in line with the objectives of the UAE Year of Sustainability.
The UAE is our largest trading partner in the region and is a destination for companies looking to do business in the region and looking forward to the opportunities the region offers. ”
Future Expectations
Nicholas Daher, Principal Energy Analyst at The Economist Intelligence, opened the strategic conference by talking about the current state of energy consumption in the region and the world and the outlook for the future: “Fossil fuels in the Middle East and North Africa account for 98% of total energy consumption, with energy demand in the region expected to grow by 1.8% annually, making it the second fastest growing region in the world after Asia.
The Middle East needs to strike a balance between decarbonising efforts and meeting growing energy demand. ”
Change of Directions
At the Intersolar Middle East Conference, Ahmed Nada, President of the Middle East Solar Industry Association, highlighted the rapidly changing energy trends in the Middle East.
“The cost of solar energy was very high decades ago, and landowners across the region did not trust the vision of a world-leading solar ecosystem, as other fuels such as oil and gas were abundant at the time, ” he said.
But things have changed considerably faster than we can imagine, as the Middle East is now poised to make a real contribution to global energy security by replacing existing resources with renewable resources.
“Several countries like Egypt, Algeria, Libya and Turkey are competing to supply Europe with energy, and this cannot be achieved without coordinated efforts and cooperation.
The Middle East will certainly play a key role in enhancing energy security in the future, especially with regard to renewables.
We have also seen a shift in the supply chain away from reliance on China as the sole source, if the COVID-19 crisis teaches us that no single country can take over supply, prompting Europe to invest heavily in production processes while the United States has enough assets and high demand to rely on itself in domestic manufacturing.
The 48th Middle East Energy Show will see the return of the previously successful Global Buyers Programme, bringing together key industry stakeholders, investors and suppliers from around the world by connecting with more than 100 direct procurement influencers.
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Climate outcomes are central, with the Al Dhafra and Noor Abu Dhabi plants jointly eliminating over 3.4 million tons of CO2 annually and Shams 1 cutting a further 175,000 tons per year.

The UAE targets net zero by 2050, Saudi Arabia by 2060, and Egypt aims for 42% renewables by 2035, aligning national goals with global climate commitments. [17][18].

Regional temperatures are rising roughly twice the global average, heightening the urgency of renewable expansion and emissions reduction.

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Content: The Guardian: The Middle East is facing a ‘ resurrection ’
And Mecca may not be livable by the end of the century.
Friday 29 October 2021 05: 27 pm / Jerusalem time + 2GMT
London / Sama /
Titled “Resurrection Soon: A Reluctant Middle East Forced to Awareness of the Climate Crisis, ” The Guardian ’ s diplomatic editor Patrick Wintour said that Hurricane Shaheen hit Oman some time ago, the first tropical cyclone to reach this point west into the Gulf.
In Basra, southern Iraq, power has been cut off frequently as a result of this summer ’ s temperature of 50 degrees Celsius, forcing residents to move in their cars to get cold.
Kuwait broke the record for the hottest day of 2016 of 53.6 degrees Celsius, and this summer temperatures were very high, with floods in Jeddah and more recently in Mecca at a time when temperatures in Saudi Arabia have increased by 2 percent and the maximum temperature of 2.5 percent since the 1980s.
Qatar is the world ’ s highest emitting country and the world ’ s largest producer of liquefied gas (LNG), and public spaces are equipped with air conditioners.
In Tehran, pollution annually kills 4,000 people a year, and in Khuzestan province, citizens have blocked streets and burned tires due to drought as a result of mismanagement, U.S. sanctions and a deadly atmosphere.
In the United Arab Emirates, the climate crisis is estimated to cost $6 billion a year, the highest in terms of health costs.
The salinity of the Gulf increased with the proliferation of desalination plants by 20%, which affected marine life and biodiversity.
Conditions are expected to worsen at a time of rising temperatures, humidity and sea levels.
Warming rates in the Middle East are twice as high as in the world.
By the end of the century, if the dangerous predictions are correct, Mecca may not be fit for life, making the Hajj season dangerous if not catastrophic.
Large swaths of the Middle East have come to resemble the Afar region of Ethiopia, a vast area without human settlement that pushes towards the Red Sea.
The glittering cities of the Gulf may face the dilemma of rising water levels themselves.
We do not speak of the day of judgment, but of the day of judgment.
Jim Crane, an energy researcher at Rice University in Houston, said: “This is really a difficult topic because the interests of the ruling elites are at odds with the interests of the citizens.
The ruling elite depends on oil resources for the survival of their regimes.
They want to keep the oil trade in order to keep them in power.
Their system is based on oil leasing, but the population ’ s ultimate interests lie in a sustainable climate. ”
Zeina Khalil Haj, founder of Greenpeace in the Middle East, believes that the region is suffering from double pressure: “With increasing demands for energy change, a region that relies on fossil energy, oil and carbon for its economic survival, but cannot continue this dependency.
There will be no oil market but with climate change, they are required to increase efforts to survive.
The extreme climate is changing people ’ s lives on a daily basis and there is no choice but to go green. ”
The West ’ s persistent appetite for fossil energy has led the region to build car-based cities, shiny skyscrapers filled with air conditioners and shopping malls.
It must look for ways to avoid self-destruction, and it must be, according to Thomas Friedman, the Prometheus moment for the Middle East and the search for creative and creative ways.
In fact, the region has been reminded for a decade that it has to make the transition from oil.
Although the moment when oil demand will reach its highest point remains controversial, and depends on a number of assumptions about regulation, technology and customer behavior, the point I mentioned is 2040, after which demand will decline.
But the International Energy Organization ’ s “Net Zero ” report sees the peak as 2050 and by comparison suggests a reduction in oil demand from 88 million barrels per day in 2020 to 72 million barrels per day by 2030, and 24 million barrels per day in 2050, a 75% decline between 2020-2050.
The report argues that the Gulf has three factors underpinning the transformation: capital, sun, and vast, empty spaces.
Until recently, the Gulf states, including Iran, did not feel the desire to shift away from fossil energy to this extent.
When asked, Saudi Oil Minister Prince Abdulaziz bin Salman said it was “a sequel to La La Land, ” meaning that the report and its writers do not know what is happening.
"If I wanted to worry about the IEA's expectations, I would be on Prozac all the time," he said.
Qatar ’ s Energy Minister Saad al-Kaabi said reducing oil and gas production levels would affect the supply process and laughed at “the enthusiasm surrounding the transition. ”
The Organization of Petroleum Producing and Exporting Countries (OPEC) forecasts that the process of oil demand will increase significantly through 2045 and the share of oil in global energy demand will fall from 30% to 28%, which is not a green revolution.
Gulf states still rely on gas and oil exports, accounting for 70 percent of goods exported from Kuwait, Qatar, Saudi Arabia and Oman.
Oil resources account for more than 70% of the total resources of Kuwait, Qatar, Oman and Bahrain.
In Vision 2030, published by Prince Mohammed bin Salman in 2016, he promised to turn the country into an important industrial hub.
World Bank figures show that Saudi Arabia relies on 75% of its oil resources for its budget.
Aramco, which is making its mark on global carbon emissions, is not diversifying at the same pace as Shell or BP.
Instead, it announced it would increase crude oil production capacity from 12 million barrels per day to 13 million barrels per day by 2027.
Haj believes that the shift away from oil may require a psychological shift from the consumer mentality, “The Gulf has not yet reached this kind of discussion.
If you see the way of life in the UAE and Qatar, it is based on inexhaustible consumption, and I fear we are still a long way from that in terms of politics and readiness. ”
Iran is the largest country in the world in terms of carbon emissions by population, followed by the UAE in second place and Saudi Arabia in 13th place.
Of course, Gulf rulers at events such as the Glasgow climate conference can defend themselves by saying that their region is not the primary source of carbon emissions, and historically, collectively, accounts for 4.7% less than carbon emissions and pollution from the United States, Europe and China.
The Middle East exports oil, but pollution is the responsibility of those who import it.
But the region ’ s leaders have come to grips with the problem not because of Western pressure but in response to citizens ’ demands, the goose has realized that the eggs, the oil, are no longer golden but brown.
The UAE is the first country to say it has moved to ratify the Paris Treaty and is the least dependent Gulf state on oil for its government resources.
Last week, she announced the “Net Zero by 2050 Initiative ” with an initial investment budget of $163 billion and appointed the Minister of Climate Change and Environment, Maryam Al Muhairi.
The announcement came after the government ordered awareness sessions in all its ministries since June for 80 days.
It was the first country in the Gulf to adopt a net zero domestic consumption policy.
The plan is still in its infancy and some of its features are unclear, but the direction is clear.
It promised to rely on renewable and nuclear energy by 50% to generate electricity by 2050.
Abu Dhabi ’ s national oil company said it would get 100 percent of its electricity from the nuclear reactor and solar power.
The Mohammed bin Maktoum Solar Park will be the largest in the world with a capacity of 5,000 megawatts.
Gulf states are competing with each other, with news reports that Qatar has appointed a climate minister, Bahrain aiming for net zero carbon by 2050 and Kuwait announcing a plan to reduce carbon emissions.
Saudi Arabia does not like to be late.
It announced that it would increase the proportion of renewable energy from 0.3% to 50% by 2030.
The plan is to plant 10 million trees in the coming decades.
Over the weekend, the kingdom organized a summit of the Green Middle East Initiative, attended by John Kerry and Britain ’ s Prince Charles.
It promised to reach net zero carbon emissions in its territory by 2060.
The main reason the Gulf states have been slow to shift away from oil and its commodities is that they have made them rich and helped them anesthetize their citizens.
Their loyalty was bought through a series of subsidies for water, electricity, fuel and tax breaks.
These dynamics were different from Iraq, Lebanon and to a lesser extent Iran, but the situation is changing with the emergence of local environmental groups.

Overall, the Middle East’s solar-led transition—anchored by mega-projects, targeted incentives, and grid-storage upgrades—is reshaping energy systems, advancing climate goals, and catalyzing new economic opportunities across the region. [1][3][11].