The Middle East has significant potential for large-scale solar power, with several countries investing heavily in solar energy.

Saudi Arabia has invested in solar energy, including 10GW of batteries and a 7.8GWh energy storage project.

Iran has over 920 megawatts of solar power capacity from 6,674 plants, with $115.8 million allocated for renewable energy.

Egypt's Benban Solar Park spans 37 square kilometers, has 41 plants, and a capacity of 1,800 megawatts, valued at $4 billion.

The UAE has 2.6 gigawatts of solar energy capacity and plans to invest 150-200 billion dirhams in renewables by 2029.

The region's renewables capacity is expected to increase by 62 GW by 2028, driven mainly by solar PV.

Arab states aim to reach 80 GW of renewable energy by 2030, led by Egypt, Morocco, and the UAE in solar development.

The UAE aims to reduce CO2 intensity by 40% by 2030 and achieve climate neutrality by 2050, driven by solar energy.

Egypt aims to generate 42% of its electricity from renewables by 2035, with 26% from solar energy.

The region's solar energy market is expected to continue growing due to government incentives, declining costs, and increasing demand for clean energy.

Solar-generated electricity is now a competitive option, costing less than half the current rate.

The Emirates Development Bank finances solar projects to support the UAE's clean energy transition.

Masdar develops large solar power plants in the UAE to support the country's renewable energy targets.

Arab countries, like Jordan, support solar energy through legislation and loans to promote clean energy adoption.

Egypt and Kuwait have initiatives to promote solar energy use, including subsidy programs and selling excess electricity.

The growth of the solar industry in the Middle East is expected to boost the local economy and support climate goals.

The Middle East has significant potential for large-scale solar power, with several countries investing heavily in solar energy.

Title:

Content: In numbers...
Arab countries race to double their renewable energy production by 2030
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DUBAI, United Arab Emirates — (CNN) Arab countries are on track to grow their utility-scale wind and solar capacity by more than 500% by 2023, according to a report by Global Energy Monitor.
According to the report, the Middle East and North Africa (MENA) region has enormous potential for large-scale wind and solar power projects because of its favorable climate and sunny weather for most of the year.
Arab countries are planning more than 73 gigawatts of utility-scale solar and wind projects, a more than fivefold increase in current capacity, which together with operational projects will account for 91% of the Arab League ’ s renewable energy goals for 2030.
The UAE is at the top of the list of Arab countries that produce the most electricity from solar energy, with solar plants producing 2.6 gigawatts of electricity.
Egypt is among the Arab countries that produce the most electricity from wind power at 1.6 gigawatts.
Egypt produces 1.9 gigawatts of electricity from solar power plants.
Egypt ’ s total electricity production from both places it at the top of the list of Arab countries with a production capacity of 3.5 gigawatts.
Thanks to its huge investments in solar electricity production, the UAE ranks second in wind and solar electricity production, followed by Morocco in third place with 1.9 GW and Jordan in fourth place with 1.7 GW.
While Egypt, the United Arab Emirates, Morocco and Jordan are the first Arab countries to initiate wind and solar power plants, Oman, Algeria and Kuwait are poised to follow suit, ranking first in expected solar and wind power production in the near future.
Here are the top Arab countries in terms of the current operation of solar and wind energy on the scale of utilities and the capacity of wind and solar energy expected to be produced at the level of each country in the Arab region.

Saudi Arabia has invested in solar energy, including 10GW of batteries and a 7.8GWh energy storage project.

Title:

Content: Land solar energy investment set off the "Middle East fever" total amount of nearly 100 billion
China's new energy investment set off the "Middle East fever", solar industry giants Jingke Energy, TCL Central almost at the same time announced cooperation with Saudi Arabia (Saudi Arabia) sovereign fund solar projects, a total investment of about 3 billion US dollars (about NT $97.5 billion).
In addition, inverter giant Sunlight Power announced the successful signing of the world's largest energy storage project with Saudi company ALGIHAZ, with a capacity of up to 7.8GWh.
Analysts pointed out that the above case means that in addition to the continued investment of Middle East funds in the mainland, in the solar industry is subject to overcapacity criticism, mainland funds choose to go to the Middle East to develop the solar industry.
Founded in 1971, PIF is one of the largest and most influential sovereign renewable wealth funds in the world. Its wholly-owned subsidiary, RELC, is one of the largest and most influential renewable wealth funds in the world. and a leader in green energy technology manufacturing.
Founded in 2021 by two major conglomerates, Abunayyan and Al Muhaidib, VI aims to build a new energy industry chain manufacturing capacity in Saudi Arabia to meet the huge demand for new energy in the Middle East and the world, and is an investor and developer of green energy industrial projects to support the localization of supply chains.
Among them, JinkoSolar ’ s joint venture company plans to set up a joint venture company in Saudi Arabia to build 10GW of high-efficiency batteries and components, with a total investment of 7.157 billion yuan.
JinkoSolar has a market share of more than 50% in the Middle East in 2023, including more than 70% in Saudi Arabia.
The joint venture company of TCL Central has an annual output of 20 GW of solar wafer projects in Saudi Arabia, with a total investment of about RMB15.1 billion.
It is also TCL ’ s first overseas solar wafer factory in Central.
After the project is launched, it will become the first solar wafer project in Saudi Arabia and the largest wafer factory in the world.
Vision Group ’ s joint venture will manufacture wind turbines and critical components locally. Helping Saudi wind power value chain achieve 75% localized production by 2030.
And Vision is the global wind power leader, overseas wind orders for two consecutive years accounted for 70% of the orders of mainland China's wind power enterprises.
At the same time, Sunlight Power also announced three sites in the Middle East energy storage project, in the Najran, Madaya and Khamis Mushait regions of Saudi Arabia, with deliveries starting in 2024 and full capacity grid operation in 2025.
However, Sun Power did not disclose the contract amount in the announcement.
TCL Middle East Wealth
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Iran has over 920 megawatts of solar power capacity from 6,674 plants, with $115.8 million allocated for renewable energy.

Title:

Content: March 2, 2022 at 2: 30 PM
Journalist ID: 3077
News Code: 84668402
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TEHRAN, March 02 (IRNA) - Iran's Renewable Energy and Energy Efficiency Organization announced that about 415 new solar power plants with a total capacity of 2.4 MW have been put into operation in the past two months.
IRNA: Iran ’ s Renewable Energy and Energy Efficiency Organization announced that about 415 new solar power plants with a total capacity of 2.4 MW have been put into operation in the past two months.
So far, Iran has 6,674 solar power plants in operation.
Iran's renewable power plants have a generating capacity of more than 920 megawatts, of which solar power plants account for the largest share, followed by wind power plants.
Of Iran's total electricity generation, electricity accounts for 90%, and hydropower accounts for about 7%.
In January, Iran ’ s Ministry of Energy and private companies signed a memorandum of understanding on cooperation in the construction of 10,000 megawatts of renewable energy power stations across the country.
The Iranian government has allocated more than 30 trillion riyals ($115.8 million) for the development of renewable energy in its budget for the next year (starting March 21), the highest level on record.
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Egypt's Benban Solar Park spans 37 square kilometers, has 41 plants, and a capacity of 1,800 megawatts, valued at $4 billion.

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Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
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Mohamad Elbaz
Economy: Benban and the Gulf of Suez are among the largest renewable energy projects
Economic Middle East magazine, which specializes in economics and energy, said that the Benban solar park and the Gulf of Suez wind project in Egypt are considered among the largest renewable energy projects in the Middle East.
Renewable Energy Projects in the Middle East
The Middle East has long relied on oil and gas, not only for revenue but also for power generation, but in the past years, the region has positioned itself as a leader in the renewable energy sector, boasting numerous renewable energy projects.
From 2023 to 2028, Mordor Intelligence expects the renewable energy market in the Middle East to grow by 13.43% annually.
The Arab Clean Energy Initiative was launched by the International Renewable Energy Agency (IRENA), and during the Arab Economic and Social Development Summit of 2013, the League of Arab States adopted the initiative, with leaders pledging to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.
Benban Solar Park
Located in Aswan, Egypt with a capacity of 1,800 megawatts, Benban Solar Park is valued at $4 billion and includes 41 solar power plants, one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels, this initiative is a component of Egypt ’ s Renewable Energy Feed Tariff (FiT) program, which was unveiled in September 2014.
Gulf of Suez Wind Power Project
In November last year, ACWA Power and the Sovereign Fund of Egypt (TSFE) signed a memorandum of understanding, and together they will invest in a 1100 MW wind power project in Jebel Zeit and the Gulf of Suez. The project is one of the largest onshore wind farms in the world, and aims to provide power to more than one million households and reduce annual CO2 emissions by 2.4 million tons.

The UAE has 2.6 gigawatts of solar energy capacity and plans to invest 150-200 billion dirhams in renewables by 2029.

Title:

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 region's renewables capacity is expected to increase by 62 GW by 2028, driven mainly by solar PV.

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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).

Arab states aim to reach 80 GW of renewable energy by 2030, led by Egypt, Morocco, and the UAE in solar development.

The UAE aims to reduce CO2 intensity by 40% by 2030 and achieve climate neutrality by 2050, driven by solar energy.

Title:

Content: Sunday 26 March 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
The Role of Solar Energy in Changing the Future of the UAE ’ s Energy Sector
The Role of Solar Energy in Changing the Future of the UAE ’ s Energy Sector
March 26, 2023 02: 39
Othman Juma Al Ali *
The UAE has a huge potential in the field of solar energy, with more than 90% of its land area capable of producing solar energy efficiently, making it one of the leading countries in this field globally.
In recent years, the importance of balancing the three most important pillars in the energy sector has been highlighted: first, security, reliability and reliability of supplies and systems, second, economic and cost of electricity services, and third, environmental and sustainability requirements and standards.
These axes constitute the most prominent challenges facing the world today, despite the seriousness of efforts and intentions in the field of sustainability, but they remain the main priorities that cannot be compromised and must be taken seriously and carefully.
EWEC continues to drive the development of pioneering global strategic projects that will enhance the UAE ’ s journey towards a more sustainable future and make it a model for sustainable, efficient and efficient water and electricity production.
By 2030, we will see a 600% surge in EWEC solar power plants with installed capacity of 7.3 GW. During this period, the average CO2 intensity of electricity generation will be reduced by more than 40%. We will continue to invest in reverse osmosis desalination plants to increase the production of low-carbon water.
Abu Dhabi is currently home to the world ’ s largest single-site solar power plant, Noor Abu Dhabi, with a capacity of 1 GW (AC), and the Al Dhafra 1.5 GW (AC) solar PV plant, which will be the world ’ s largest single-site PV plant once it enters commercial operation, is under development.
The 1.5 gigawatt (GW) Al Ajban Solar PV Plant is our third solar PV plant and, once commercially operational, will generate enough electricity for 160,000 homes and reduce Abu Dhabi ’ s CO2 emissions by more than 2.4 million tonnes per year, equal in size and capacity to Al Dhafra Solar Power Plant.
Our growing portfolio of renewable and clean energy projects accelerates efforts to reduce and decarbonize the UAE ’ s energy sector, in line with the Strategic Initiative to Achieve Climate Neutrality by 2050, and supports the requirements to achieve the Department of Energy ’ s Clean Energy Targets – Abu Dhabi 2035.
Increasing solar power generation capacity is one of our top strategic priorities to achieve the country ’ s sustainability goals.
EWEC continues to lead the transformation of the energy sector and is responsible for ensuring the economic, sustainable and reliable supply of water and electricity in Abu Dhabi and the UAE.
In the next 10 years we will work to increase the production capacity of solar energy, we have the necessary solutions, and our latest report outlines the road map for its implementation.
Through innovation and collaboration, we will make solar energy the cornerstone of the UAE ’ s energy mix and contribute to the country ’ s strategic initiative to achieve climate neutrality by 2050.
* Chief Executive Officer, Emirates Water and Electricity Company
All rights reserved to Al Ittihad Newspaper 2023 ©

Egypt aims to generate 42% of its electricity from renewables by 2035, with 26% from solar energy.

Title:

Content: Sunday 23 June 2024
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
NEWS
“Renewable Energy ”: Supporting the Sustainable and Integrated Energy Strategy in Egypt until 2035
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The New and Renewable Energy Authority (NREA) said that the energy sector in Egypt (electricity, renewable energy and petroleum) has prepared a study of the optimal technical and economic mix for energy production until 2035 in cooperation with the European Union through the Technical Support Program for the Restructuring of the Energy Sector in Egypt (TARES).
The Authority confirmed that this study includes a set of scenarios for the energy mix with different hypotheses to assess the impact of the entry of renewable energies in different proportions to the electricity generation mix from the technical and economic perspective in order to choose the optimal scenario.
In October 2016, the Supreme Council of Energy adopted the Egyptian Energy Strategy until 2035, and selected scenario (4-b) to be the reference for the energy planning in Egypt during the coming period, which aims to reach 42% of the total electricity produced in 2035, as follows: - Solar concentrates 4% - Solar cells 22% - Water energy 2% - Nuclear energy 3% - Renewable energy 42% - 55% Temperature Stations
Electricity stressed that Egypt has pioneering experiences in the early use of modern technologies through the many awards received by its projects in Benban for solar energy and the Gulf of Suez in the wind and the small solar cells project implemented by Egypt won the award of the best projects in terms of reducing carbon emissions from the British Energy Institute.
“Air conditioning is the most energy-intensive activity ”
The Egyptian Electricity Holding Company and its subsidiaries have adopted the project of constructing rooftop solar power plants and connecting them to Egypt ’ s national electricity grid. Air conditioning is one of the most energy-intensive activities in the world, with the majority of cooling systems usually operating from small residential air conditioning systems.
Where people rely on air conditioners when the temperature rises to mitigate it so that life and work can proceed normally, but it consumes a large amount of electricity and so many are looking for ways to reduce their consumption rates. Solar air conditioners provide about 50% of the monthly consumption of electricity and they work on the type of environmentally friendly freon. Once a suitable space is provided to install and install the panels, you can take advantage of all the features of that air conditioner, which needs solar panels for a certain type of air conditioners, where you can use separate air conditioners or central air conditioners, and you can take advantage of the solar panels for air conditioners to feed other electrical loads, such as lighting, during non-operating times of air conditioners.
Solar air conditioners have witnessed a remarkable spread in Egypt in recent years, especially in areas far from the national electricity grid, and have become the subject of continuous follow-up by the leaders of the electricity sector to identify the technological development and seek these solar adaptations to put them within the future energy strategy and make them available to citizens to rationalize consumption and provide them in the local market to reduce consumption and preserve the environment. To encourage citizens to set up solar cells on their rooftops to save part of their consumption and meet the requirements of agriculture, industry and other sectors with an affordable interest of less than 5% and grace periods encourage citizens to participate in this initiative to rationalize dependence on petroleum fuel, preserve the environment and provide permanent electricity capacity for citizens.

The region's solar energy market is expected to continue growing due to government incentives, declining costs, and increasing demand for clean energy.

Title:

Content: Sunday 30th June 2024 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
ECONOMY
Accelerated growth of solar energy globally
Accelerated growth of solar energy globally
June 30, 2024 01: 44
Hassouna Al Tayeb (Abu Dhabi)
After being limited to a few uses in the past, solar power is expected to provide about 6% of the world ’ s electricity this year.
Interestingly, this growth continues at an accelerated pace worldwide, and added capacity is doubling every three years, almost 10 times per decade, and this sustained growth rarely occurs in any other sector.
Solar cells, the single largest source of electricity in the world, are likely to be by the mid-2000s, and by the mid-2000s, they may represent not only the largest source of electricity, but energy as a whole.
At the same pace as now, the cost of solar-generated electricity is less than half the current cost, but it does not help to stop climate change, but will significantly reduce its speed, and most countries in the world, including Africa, where some 600 million people are without electricity, are starting to feel energy rich.
Considering the economics of solar energy, we find that when the quantity of manufactured goods increases, the cost decreases, and when the cost decreases, the demand increases, and therefore the production increases and the cost decreases again by a greater proportion.
The abundance of silicon-rich sand, the brightness of sunlight and trained human cadres support the sustainability of solar energy, although the manufacture of solar panels requires electricity, which can be generated by solar energy in abundance and speed.
In terms of demand, the demand for solar energy will be high, as its cost is low and the cost continues to decline.
Among the difficulties facing solar energy is the disappearance of sunlight, which means it must be supported by storage and other technologies, as most solar panels and almost all the pure silicon from which they are made come from China.
China ’ s solar energy sector is highly competitive, although most of its production is consumed domestically.
But even though nearly all solar panel demand is still in the future, the rest of the world has ample opportunities to enter the market.
The sector could be bolstered if the US unleashes demand by making it easier to connect solar panels to homes, where the country has one terawatt of new solar capacity ready for connections.
Emphasis should be placed on the cycle and speed of solar energy production, as it provides less expensive energy for uses that cover most aspects of life, from lighting and heating homes and workplaces, to electric vehicles and data centres, among others.
All rights reserved to Union News Center 2024 ©

Solar-generated electricity is now a competitive option, costing less than half the current rate.

The Emirates Development Bank finances solar projects to support the UAE's clean energy transition.

Title:

Content: Emirates Development Bank: Committed to Growing Solar Market
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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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Masdar develops large solar power plants in the UAE to support the country's renewable energy targets.

Arab countries, like Jordan, support solar energy through legislation and loans to promote clean energy adoption.

Title:

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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Egypt and Kuwait have initiatives to promote solar energy use, including subsidy programs and selling excess electricity.

The growth of the solar industry in the Middle East is expected to boost the local economy and support climate goals.