The Middle East has historically depended on oil wealth, but many countries in the region are now making significant investments in renewable energy, particularly solar power, in a bid to diversify their economies and address climate objectives.

This report examines the transition strategies of several leading Middle Eastern countries—namely the UAE, Saudi Arabia, Egypt, Morocco, Jordan, Oman, Algeria, and Kuwait—focusing on major national projects, current solar capacity, governmental incentives, and the impacts on local economies and climate goals.

The United Arab Emirates (UAE) has emerged as the region’s frontrunner in solar energy generation.

Major projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for a capacity of 5 GW, and the Al Dhafra Solar PV Plant, expected to reach 2 GW and become the world’s largest single-site solar power facility.

The UAE’s total operational solar capacity stands at approximately 2.6 GW, the highest in the Arab world.

The country has committed over $163 billion to clean and renewable energy projects, targeting net zero emissions by 2050 in alignment with its Energy Strategy 2050 and Green Economy Initiative.

The UAE’s policy mix includes funding from bodies like the Abu Dhabi Fund for Development, project models that encourage private investment, and supportive regulations to foster innovation and digitalization.

Saudi Arabia’s Vision 2030 places renewable energy at the center of its economic transformation.

The country set a target for 50% of its energy mix to come from renewables by 2030 and aims for carbon neutrality by 2060.

Major projects include the NEOM city, a planned car-free, carbon-neutral urban area, and large-scale solar deployments.

While Saudi Arabia’s current operational solar capacity is yet to rival the UAE’s, the government plans to reach more than 5 GW by 2030.

Government support is channeled through national strategies like the Saudi Green Initiative, procurement auctions, investor entry policies, and competitive feed-in tariffs.

Egypt’s clean energy strategy sets a goal of 42% renewable electricity by 2035.

Its solar capacity has reached 1.9 GW, anchored by the Benban Solar Park (1,800 MW), which consists of 41 solar plants and represents a $4 billion investment.

The government’s incentives include a Feed-in Tariff program, tax exemptions for solar equipment, support for public-private partnerships, and financing programs for household solar installations.

These initiatives not only promote energy independence but also stimulate local manufacturing, as seen with the Silicon Production Complex for solar panel production.

Morocco is also globally recognized for its renewable energy legislation and sizable solar resources.

It has established around 1.9 GW of solar capacity, highlighted by the Noor Ouarzazate Solar Complex, one of the world’s largest concentrated solar power arrays.

Morocco’s regulatory environment ensures investor-friendly licensing and grid access for renewables.

These efforts are increasingly linked to the green hydrogen sector, expanding solar energy’s role in the broader economy.

Jordan provides a model of societal-level solar adoption, reaching about 1.7 GW in installed capacity.

Comprehensive incentives include subsidized and interest-free loans, project financing through public and private banks, as well as special grants and subsidies for low-income families and rural communities.

The Renewable Energy and Energy Efficiency Program, for instance, subsidized thousands of solar PV and solar water heater installations, benefiting both residential and commercial sectors.

Oman is advancing policies to increase clean energy capacity to 2.6 GW by 2025.

Government measures include regulatory reform, licensing streamlining, plans for large-scale solar auctions, and international partnerships as part of Vision 2040 and its energy master plan.

Algeria and Kuwait are also intensifying investment; while specific operational capacity figures are unavailable, both nations are progressing towards large public sector and rooftop solar projects.

Kuwait’s policies encourage distributed rooftop solar and allow customers to sell surplus electricity back to the grid.

While high upfront costs slow widespread adoption, government investment in large-scale plants and net metering mechanisms are gradually supporting broader uptake.

The regional commitment to solar energy is clear: Arab countries plan to construct more than 73 GW of utility-scale solar and wind projects by 2030, with five leading countries (UAE, Saudi Arabia, Oman, Egypt, and Morocco) accounting for about 72% of this growth.

Solar and wind projects are anticipated to fulfill over 90% of the Arab League’s 2030 renewable goals.

Solar adoption has a multifaceted impact on local economies.

Major projects bring foreign and domestic investment and boost the development of local supply chains, as seen in Egypt’s panel manufacturing and the job creation associated with constructing and operating large solar installations.

Incentives for distributed solar help reduce household energy expenses, particularly in Jordan and Kuwait, and decrease national costs for imported fuels.

Countries not traditionally rich in energy resources, such as Jordan, have benefited from enhanced energy security and economic diversification.

These strategies are integral to achieving regional and national climate goals.

For instance, Egypt’s renewable capacity expansion is projected to reduce millions of tons of CO2 annually.

The UAE’s and Saudi Arabia’s ambitious decarbonization targets require large-scale solar integration, and flagship projects such as NEOM and Dubai’s solar park are designed to demonstrate practical pathways toward net-zero urban development and national carbon neutrality targets.

In summary, Middle Eastern countries are rapidly advancing solar adoption through major national projects and comprehensive policy incentives.

The resulting economic and environmental benefits are already observable, and continued growth in solar capacity positions the region as an emerging leader in the global energy transition.

The Middle East has historically depended on oil wealth, but many countries in the region are now making significant investments in renewable energy, particularly solar power, in a bid to diversify their economies and address climate objectives.

Title:

Content: Fossil fuels, which have powered the industrial growth and development of civilisations for centuries, are facing a looming deadline of depletion. Moreover, they have caused severe environmental and social problems, such as climate change, conflicts, and pollution. The need for alternative and sustainable energy sources is clear and urgent. However, the transition to a post-fossil fuel era is not easy or straightforward. It requires innovation, investment, cooperation, and vision.

This article explores the challenges and opportunities of global energy transformation, focusing on the dual nature of fossil fuels, the countdown to their exhaustion, and the promise of renewable energy sources. It also highlights the progress and potential of some countries in the Middle East and North Africa (MENA) region, which is one of the most dependent regions on fossil fuels in the world.

Fossil Fuels: A Double-Edged Sword

Fossil fuels, comprising oil, coal, and natural gas, are ancient energy sources that have been central to the development of various industries and sectors. They have enhanced transportation, manufacturing, agriculture, and electricity generation. They have catalysed global trade, commerce, and innovation, elevating the quality of life for millions.

However, this ascent has been coupled with profound challenges. Fossil fuels have been a source of geopolitical strife, epitomised by wars and conflicts over their control and distribution. They have also exacerbated environmental issues, such as greenhouse gas emissions, global warming, and climate change. Incidents like oil spills, gas leaks, and fracking have inflicted severe damage on ecosystems and public health.

The Countdown to Depletion

The finite and non-renewable nature of fossil fuels leaves humanity facing a daunting deadline. Predicting the exact exhaustion of these resources is a complex endeavour, influenced by reserves, consumption rates, technological advancements, and price fluctuations. Nonetheless, projections based on current data paint a concerning picture.

According to Octopus Energy, the year 2060 may mark the twilight of fossil fuels, based on current consumption and reserve estimates. In 2020, global oil production reached 91.7 million barrels per day (b/d), with key players like the United States, Saudi Arabia, and Russia at the forefront. Simultaneously, natural gas production stood at 3.94 trillion cubic meters (bcm). Although the Covid-19 pandemic temporarily curtailed production, a resurgence is anticipated. In contrast, natural gas consumption steadily rises by over 3% each year.

Should additional oil reserves remain elusive, known deposits could be depleted by 2052. The stark reality is that demand for oil has surged, nearly doubling the average annual rate observed over the preceding decade in 2018.

Toward a Sustainable Energy Paradigm

The global imperative for alternative energy sources is clear. Sustainable options, even if not entirely devoid of environmental impact, have become a linchpin of energy discussions. The quest for sustainability is no longer optional; it is fundamental to securing a prosperous future.

Embracing alternative and sustainable energy solutions is our paramount responsibility. The adverse consequences of persisting with fossil fuels are increasingly undeniable. Furthermore, incidents such as oil spills, gas leaks, and fracking have grievously scarred ecosystems and human health.

The geopolitical maelstrom surrounding fossil fuels is a testament to their strategic importance. By reducing our dependence on these finite resources, we can contribute to global stability and peace.

The Promise of Sustainable Energy

Investing in sustainable energy is not merely an ecological commitment; it is a strategic move to safeguard long-term energy security. Renewable sources like solar and wind power do not suffer the same spectre of depletion as fossil fuels, offering a reliable and sustainable energy future. Moreover, technology’s relentless march is enhancing the efficiency and cost-effectiveness of these alternatives, ensuring a seamless transition.

In this era of unprecedented global challenges, the unsustainable trajectory of fossil fuels is no longer tenable. Transitioning to renewable and sustainable energy sources is both a moral imperative and an economic necessity. As we confront the relentless march of climate change, endeavouring to secure long-term energy stability and foster global peace, embracing this transformation is our only viable path toward a sustainable and prosperous future. It is a journey we must embark upon with unwavering determination and foresight.

The MENA Region: The abundance of wisdom

The MENA region stands as an interesting case study for global energy transformation. The region is one of the most dependent regions on fossil fuels in the world. According to the World Bank, the region accounted for 36% of the global oil production and 20% of the global gas production in 2018. However, the region also faces many challenges and risks related to its reliance on fossil fuels, such as price volatility, environmental degradation, social unrest, and geopolitical conflicts.

Therefore, some countries in the region have started to prepare for the transition to a post-fossil fuel era by diversifying their economies, investing in renewable energy sources, and promoting innovation and sustainability. According to a report by the International Renewable Energy Agency (IRENA), the MENA region has a huge potential for renewable energy development, especially solar and wind power. The report estimates that the region could generate more than 60% of its total electricity from renewable sources by 2030.

Some of the countries that have made significant progress in this field are:

• UAE: The UAE has been a leader in innovation and sustainability in the region, with a vision of becoming a global hub for green economy and clean energy. The UAE has set a target of increasing its share of clean energy to 50% by 2050. The UAE has invested in various renewable energy projects, such as the Shams 1 solar thermal plant, which is one of the largest of its kind in the world, and the Mohammed bin Rashid Al Maktoum Solar Park, which is planned to be the largest single-site solar park in the world by 2030. The UAE is also home to Masdar City, which is a planned city that aims to be one of the most sustainable cities in the world. Also, UAE is one of the 10 largest oil producing countries with a proven reserves, according to BP statistical reviews, of 100 billion barrels.

• Morocco: Morocco has been a pioneer in renewable energy development in the region, with a target of achieving 52% of its electricity from renewable sources by 2030. Morocco has invested heavily in solar power projects, such as the Noor Ouarzazate complex, which is the largest concentrated solar power plant in the world. Morocco also has a strong wind power sector, with a capacity of over 1.2 gigawatts (GW) as of 2019.

• Egypt: Egypt has also been pursuing an ambitious renewable energy strategy, with a goal of reaching 42% of its electricity from renewable sources by 2035. Egypt has a large potential for solar and wind power, especially in the Sinai Peninsula and the Red Sea coast. Egypt has launched several large-scale projects, such as the Benban Solar Park, which is expected to be the largest solar photovoltaic (PV) plant in the world when completed, and the Zafarana Wind Farm, which is one of the largest wind farms in Africa.

These are some examples of countries in the MENA region that are prepared for after fossil fuels era. However, there are still many challenges and barriers that need to be overcome, such as policy and regulatory frameworks, financing and investment mechanisms, public awareness and participation, and regional cooperation and integration.

The world is at a crossroads in its energy choices. Fossil fuels have been instrumental in driving industrial growth and development, but they have also caused severe environmental problems. Their finite nature also poses a threat to long-term energy security. The need for alternative and sustainable energy sources is clear and urgent.

Renewable energy sources offer a promising solution to this challenge. They are abundant, reliable, and sustainable. They can reduce greenhouse gas emissions, mitigate climate change impacts, and foster global peace. They can also create new opportunities for economic growth, innovation, and social welfare.

— Dr Abdullah Belhaif Al Nuaimi is a former UAE minister of Infrastructure Development and for Climate Change and Environment

This report examines the transition strategies of several leading Middle Eastern countries—namely the UAE, Saudi Arabia, Egypt, Morocco, Jordan, Oman, Algeria, and Kuwait—focusing on major national projects, current solar capacity, governmental incentives, and the impacts on local economies and climate goals.

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 United Arab Emirates (UAE) has emerged as the region’s frontrunner in solar energy generation.

Title:

Content: In numbers...
Arab countries race to double their renewable energy production by 2030
ECONOMY
Publish
3 minutes read
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.

Major projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for a capacity of 5 GW, and the Al Dhafra Solar PV Plant, expected to reach 2 GW and become the world’s largest single-site solar power facility.

Title:

Content: New technologies to achieve sustainability goals and address climate change
Science and Technology
Huawei
Copy Link https: / / en.rt.com / u0x4
Existing renewable energy initiatives in the Middle East are strengthening their role in supporting international efforts to address climate change.
In particular, the region is one of the largest contributors to the oil and gas sector globally, and at the same time is the cradle of a number of major and ambitious initiatives and projects aimed at enhancing the reliance on clean energy.
In the UAE, the Mohammed bin Rashid Al Maktoum Solar Park is the world ’ s largest IPP solar site, and the Al Dhafra Solar PV Plant is being built as the world ’ s largest solar power plant with a capacity of 2 GW.
Masdar City is the most sustainable urban community in the world.
ADFD is committed to funding innovative projects to accelerate access to sustainable energy as part of a joint initiative with the International Renewable Energy Agency (IRENA).
In Saudi Arabia, Neom recently launched The Line, the world ’ s first car-free, carbon-free city with 100% renewable energy.
King Abdullah University of Science and Technology (KAUST) leads green energy projects designed to manage the recycling of grey water for reuse for plant irrigation and other purposes, and also has large area photovoltaic panels that produce clean electricity.
In Egypt, hydropower is the second source of energy after thermal, wind and solar, and the country has developed a number of future projects that seek to exploit solar energy and replace non-renewable energy.
Other green projects in Egypt include the cities of Jebel Galala and El Alamein.
The Bahrain World Trade Centre is one of the world ’ s leading examples of sustainable architecture, taking the lead in being the first skyscraper in the world to introduce wind turbines to provide total energy consumption.
Morocco, famous for its huge and world-leading solar arrays, has made a big name for itself as a leader in the fight against climate change, renewable energy makes up nearly two-fifths of the country ’ s electricity, and the country implements some of the world ’ s largest clean energy projects.
Since 2012, Jordan has turned to solar power to generate electricity and government policies have pushed citizens and investors to turn to renewable energy to reduce carbon dioxide emissions, by offering financial facilities to investors and reducing the electricity bill.
Sustainability initiatives in the Arab countries contribute effectively to building a diversified digital economy that achieves the national visions of these countries, and the green economy initiative launched by the UAE, and the Saudi Green Initiative is a good example of this.
Today, the ICT sector is increasingly playing a role in achieving sustainability through new technologies such as 5G, cloud computing and artificial intelligence that will play a key role in implementing clean energy initiatives as they enhance productivity, improve efficiency, reduce costs and waste, evaluate business systems, analyze waste, track problems and develop solutions.
The International Telecommunication Union (ITU) says ICT will contribute to achieving the UN ’ s Sustainable Development Goals and improving the quality of life.
According to the United Nations, ICT can be relied upon in two ways: reliance on clean information and communication technology, and clean energy generation based on information and communication technology.
In the first scenario, ICT solutions that contribute to environmental safety and carbon reduction are designed.
In the second scenario, ICT solutions such as those in grids, buildings, smart logistics and industrial processes help promote sustainability and energy efficiency.
The sustainability efforts of tech companies have been recognized globally, Huawei is an example of companies that have adjusted their business in line with sustainability goals, and recently received an award from the International Mobile Phone Association for their contributions to achieving the United Nations Sustainable Development Goals through mobile devices.
The company aims to rely on innovative technologies to drive clean development across various sectors and industries, and in 2021 it used more than 300 million kWh of electricity produced from renewable sources, an increase of 42.3% compared to 2020.
Huawei ’ s digital power solutions have generated 482.9 billion kilowatt-hours of clean energy and reduced electricity consumption by 14.2 billion kilowatt-hours, equivalent to 230 million tons of carbon emissions.
In parallel with efforts to promote a sustainable approach to technology, the ICT industry must not lose sight of the issue of enhanced security.
Technology providers should focus on protecting user privacy when working to provide modern, seamless technology and communications.
Certainly, we will not be able to grow the business and ensure its sustainability if we do not provide safe and reliable technologies to protect cybersecurity, which is a shared responsibility of all stakeholders involved in sustainability.
The current digital divide could isolate millions of people around the world from contributing to the development of a clean economy.
Tech companies can contribute to making technology accessible to all thanks to their technical capabilities and resources.
Through initiatives such as TECH4ALL, Huawei has relied on digital technologies to implement programs aimed at enhancing the leadership capabilities of more than 110,000 people in 2021.
The digital divide in global talent could undermine sustainability efforts, so greater emphasis should be placed on redressing it and priority should be given to strengthening collaboration between tech companies, academia and government institutions in order to bridge the digital skills gap.
By investing in programs to prepare local technical cadres, hone skills and enhance practical experience, more bridges of cooperation between the public and private sectors can be built to prepare the future generation of sustainability leaders with the help of technology.
Huawei has established 163 ICT academies in the Middle East.
More than 3,500 students participated in the Seeds for the Global Future program, while more than 37,000 students received Huawei certifications.
The company has also provided training to more than 120,000 ICT talents in the region who are expected to contribute to the advancement of sustainability in the countries of the region by making the most of technology.
In light of the increasing challenges of reducing carbon emissions facing various countries around the world, we all have a responsibility to strengthen cooperation and work together to build a sustainable and prosperous future for future generations.
By: Ammar Taba, Huawei Vice President for Public Relations and Media in the Middle East
Agree.
This website uses cookies. You can read the terms of use to activate this feature by clicking here

The UAE’s total operational solar capacity stands at approximately 2.6 GW, the highest in the Arab world.

The country has committed over $163 billion to clean and renewable energy projects, targeting net zero emissions by 2050 in alignment with its Energy Strategy 2050 and Green Economy Initiative.

Title:

Content: World Future Energy Summit to focus on providing ‘sustainability blueprint’

The three-day event will be held at the Abu Dhabi National Exhibition Centre from January 16 to January 18

Beta V.1.0 - Powered by automated translation

The 2023 World Future Energy Summit aims to provide a “crucial sustainability blueprint” amid a global focus on the energy transition and measures to boost investment in the renewables sector.

Energy industry leaders and policymakers from around the world will participate in the three-day event at the Abu Dhabi National Exhibition Centre from January 16 to January 18, organisers said on Wednesday.

The summit is the centrepiece of Abu Dhabi Sustainability Week, a global initiative championed by the UAE and Abu Dhabi's clean energy company Masdar to hasten sustainable development and advance economic, social, and environmental progress.

“This event has evolved just as the energy sector and our economies are transitioning,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“It has now morphed into the Middle East’s most important industry gathering, of which clean energy and infrastructure are key components.”

Countries in the Middle East such as the UAE, Saudi Arabia, Jordan, Oman and Egypt are boosting investment in the clean energy sector.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

It is building the world’s largest solar plant with a capacity of two gigawatts in Abu Dhabi's Al Dhafra region that is expected to be ready next year, as well as the Mohammed bin Rashid Solar Park in Dubai with a capacity of five gigawatts.

Saudi Arabia, the Arab world’s largest economy, also announced a number of new renewable energy projects as it seeks to become carbon neutral by 2060.

Egypt, the most populous country in the Arab world, aims to derive 42 per cent of its electricity mix from renewable sources by 2035. The North African country is hosting Cop27 next month.

“This newly transitioned event profile is in the right place at the right time, underlining a much-needed shift towards reaching our clean energy goals, as well as achieving sustainable governance and adopting consumption and [the] production of natural energy methods that ensure the quality of life for current and future generations,” Mr Al Mazrouei said.

Renewable energy investment continued to rise amid green transition efforts globally. Capital investments in renewables are set to surpass oil and gas spending for the first time in 2022 as high power prices prompt countries to further diversify their energy mix, according to a report by Rystad Energy.

Investment in renewable energy is set to hit $494bn in 2022, outstripping upstream oil and gas spending at $446bn for the year, the Oslo-based energy consultancy said this month.

In addition to the focus on energy, water, eco-waste, solar, smart cities, climate and the environment, next year's event will also preside over the launch of a dedicated hydrogen innovation centre as demand for the clean fuel picks up globally amid green transition efforts, organisers said.

The event takes place at a time when the UAE is preparing to host Cop28 next year.

Updated: October 19, 2022, 10:41 AM
EDITOR'S PICKS
NEWSLETTERS
MORE FROM THE NATIONAL

The UAE’s policy mix includes funding from bodies like the Abu Dhabi Fund for Development, project models that encourage private investment, and supportive regulations to foster innovation and digitalization.

Saudi Arabia’s Vision 2030 places renewable energy at the center of its economic transformation.

Title:

Content: People 's Network > > International
Sino-Arab green transformation cooperation is on the rise
December 8, 2022, 13: 09 | Source: Xinhua Network
Small number
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)
Share it so more people can see it.
Back to top

The country set a target for 50% of its energy mix to come from renewables by 2030 and aims for carbon neutrality by 2060.

Title:

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.
Khaled Hanafi calls for Arab Chambers to join the World Trade Organization
The Secretary General of the Federation of Arab Chambers, Dr. Khaled Hanafi, participated in the general meetings of the World Trade Organization held in Geneva, Switzerland, during the period 12-15 September, under the title: "It is time to act", in the presence of ministerial and economic figures from all countries of the world.
The 2023 Public Forum explored how trade can contribute to a greener and more sustainable future, by facilitating trade access to environmental goods, services and technologies and maintaining the ambition to limit temperature rises to 1.5 degrees above pre-industrial levels.
During his visit, the Secretary General of the Union met with a number of officials from the World Trade Organization, where he raised the idea of   joining the Union of Arab Chambers to the World Trade Organization as the real representative of the Arab private sector.
The idea was initially supported by relevant WTO officials, with accession mechanisms to be put into effect.
He added that the accession of the Union of Arab Chambers to the World Trade Organization will have a positive impact on the Arab private sector, as the Union puts at the heart of its concerns since its establishment the priorities of enhancing inter-Arab trade and enhancing Arab trade with the rest of the world.
The Secretary-General of the Union participated in the 63rd session of the World Trade Organization meetings entitled: "Comprehensive policies to promote green trade: the role of the Arab private sector in saving the planet", on 14 September.
He delivered a speech at the session, in which he considered that "the private sector plays a key role in the coming climate transformation, through innovation, investment in renewable energy, and corporate sustainability," stressing that "reduction and consumer awareness are all areas where the private sector is the basis."
“The key to achieving the goals of climate change and sustainability are the sustainable actions announced and implemented by companies to control and reduce greenhouse gas emissions with the aim of reaching net zero emissions by mid-century, ” he said.
He explained dr.
“In order to address the region ’ s multifaceted environmental, environmental and environmental problems, ensuring a more inclusive role for the private sector will be key to supporting a sustainable green transformation in the Arab world, while the public sector will provide an enabling environment, ” he said.“ The private sector must take responsibility by increasing investment in digitization, green investment, energy transition, green finance and taking advantage of the changing technological and environmental world. ”
“For renewable energy projects, Arab countries have high potential for wind and solar energy projects, as the natural conditions are favorable for them as most Arab countries are part of the solar belt, ” he said.
As for the abundance of natural gas reserves, this paves the way for Arab countries to lead green hydrogen projects, especially in light of the growing demand in the region for energy at a compound annual growth rate of 6.8%, while the global consumption rate is 2.3%, which means that the consumption of the region is about three times higher than the average global growth rate.
“Given the annual population growth, investments are significant in infrastructure as well as growth in the construction and transport sectors, so diversifying energy sources towards renewable energy sources is key for the region and its current energy needs, ” he said.
Arab countries have set targets within their national development agendas, such as Djibouti, Morocco, Jordan, Algeria and Egypt, and Saudi Arabia and the United Arab Emirates have announced a target of between 20 and 50 percent renewable energy by 2030.
The cumulative investment in renewable energy projects over the past decade (excluding hydropower) has reached about US $15 billion (7.2 gigawatts) compared to only US $1.2 billion (0.5 gigawatts) in 2008.

Major projects include the NEOM city, a planned car-free, carbon-neutral urban area, and large-scale solar deployments.

While Saudi Arabia’s current operational solar capacity is yet to rival the UAE’s, the government plans to reach more than 5 GW by 2030.

Title:

Content: Qatar launches first solar power plant in partnership with France ’ s Total Energy and Japan ’ s Marubeni
Qatar, one of the world ’ s largest producers of liquefied natural gas (LNG), on Tuesday inaugurated its first solar power plant in partnership with France ’ s Total Energy and Japan ’ s Marubeni Group, in a project costing QR1.7 billion (about $466 million).
Minister of State for Energy Affairs and CEO of the state oil company Qatar Energy, Saad bin Sherida al-Kaabi, said the plant, located in Khorasah, west of Doha, is “one of the largest solar power plants in the region. ”
The plant covers an area of 10 square kilometers and includes more than 1.8 million solar panels using the technology of tracking the movement of the sun from east to west, and will be carried out by robots cleaning at night using treated water.
The plant has an installed capacity of 800 megawatts and will provide about 10% of electricity consumption during the peak period.
The plant, which has been operational since June, is owned by a joint venture launched in 2016 between subsidiaries of Qatar Energy Renewable Solutions (60%), Japan ’ s Marubeni (20.4%) and France ’ s Total Energy (19.6%).
Organisers of the 2022 World Cup have made a promise that the tournament in Qatar will be carbon neutral, using solar energy in the stadiums.
But Kaabi told a news conference on Tuesday that he had no information on the matter.
In late August, Qatar, which aims to generate more than 5 gigawatts of solar power by 2035, announced a project to build two solar power plants that would allow it to double its production capacity within two years.
The minister explained that the concrete solar power plant will be “expanded ” by 2035.
But the wealthy emirate ’ s moves are lagging behind compared to the Gulf states.
Saudi Arabia announced this year that it plans to increase its solar capacity to more than 5 gigawatts by 2030, while the UAE has been using solar power plants for nearly a decade.
Source
AFB
Related Articles
Go to the top button

Government support is channeled through national strategies like the Saudi Green Initiative, procurement auctions, investor entry policies, and competitive feed-in tariffs.

Egypt’s clean energy strategy sets a goal of 42% renewable electricity by 2035.

Its solar capacity has reached 1.9 GW, anchored by the Benban Solar Park (1,800 MW), which consists of 41 solar plants and represents a $4 billion investment.

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
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 government’s incentives include a Feed-in Tariff program, tax exemptions for solar equipment, support for public-private partnerships, and financing programs for household solar installations.

Title:

Content: LEBANON
Lebanon 24: Well done.
The advance is a heresy and a trick and only solution to electricity
by Nawal al al Achkar
|
06-02-2022 | 04: 00
A-
A +
photos 0
A +
A-
Prime Minister Najib Mikati did it, standing up to the electricity advances and insisting that they be separate and within a comprehensive plan to promote the electricity sector.
If it had been taken in previous years, we would not have reached a waste of more than $43 billion, which accounted for about half of the public debt.
The ministers of the Free Patriotic Movement (FPM) who followed the Gaza Strip have not heard of the overthrow of the treasury ’ s predecessor, their traditional weapon, which they used to blackmail the Lebanese “advance or darkness ”, and the darkness has fallen on the Lebanese thanks to their performance, so what will they threaten us with?
The former Director General of the Ministry of Energy and Water, Ghassan Baydoun, praised the position of the Prime Minister in an interview with Lebanon 24, "the remarkable boldness of Mikati in the Council of Ministers, who knows them the most, they suffered from their performance when he brought the Kuwait Fund to finance projects to produce electricity, and their minister refused, and they went to borrow treasury bonds.
But the eye on the House of Representatives, and if they restore the style of maneuvers and pressure and fight for the advance, the result will be zero, and even more negative than we are today. ”
Treasury advances are illegal.
The treasury advances granted to EDL over the past years did not solve the electricity crisis, but rather exacerbated waste, drained treasury funds, and extended to depositors ’ funds in recent years.
As for the legal side, it is a heresy and a trick, and contrary to the law, according to the description of Beydoun "as the definition of the treasury advances in the Public Accounting Law based on articles 203 and 204, is a supply of treasury assets, given to feed the funds of public institutions, to be returned later, and given on the assurance of the Minister of Finance of the possibility of payment by the importer. Laffa will have in its budget the necessary funds to repay the advance.
When the period exceeds one year, it requires the approval of the legislative authority.
Therefore, the advance must be registered as a debit on EDL.
But what happened in reality, that the institution spent advances on fuel and repayment of loans, and that it does not recover from the tariff funds that cover the cost of fuel, it is unable to refund the advance, from here the advances turned into a final expenditure on the treasury account.
On the other hand, the treasury had to pay the advances from its assets, and being empty, it borrowed to finance the advances.
In conclusion, these advances are contrary to the law by nature and in the way they are processed in the accounts of the state, and are placed outside the spending of the state, while they are not recoverable, and the treasury incurred significant benefits, and constituted a high proportion of the public debt. ”
Beydoun asks where the new loan will be funded from?
The treasury is empty, and its financing from the Banque du Liban is a disaster, as these funds are the rest of the deposits, and the depositors are more entitled to their money.
Since 2017, they began to suggest ostensibly to adjust the treasury advances, by setting a ceiling of 2100 billion, to be paid according to a mechanism agreed between the two ministers concerned, and then reduced to one billion and 500 million dollars, before the deputies presented Cesar Abi Khalil Farid al-Bustani and ruled Deeb proposed a strange law to increase them by 642 billion, to be paid with papers and documents in accordance with the law of the institution, all of which are fraud, maneuvers and camouflage.
The parliament, which required reforms each time it approved the advance, but only verbally, without writing it down and issuing it as a recommendation. ”
The only solution is solar power.
In the current circumstances, Baydoun believes that reforming electricity has become impossible, if it is not possible to develop plans and finance them, and reform requires increasing production, securing nutrition, raising tariffs and achieving the financial balance of the institution, and these requirements have become impossible.
All that can be done now is to ease the crisis.
How is that?
“Through two factors, the first is to strengthen the status of the institution administratively, and the second is to move towards the private sector to implement solar energy projects.
This is the only solution available, as it is the least expensive and fastest to implement, and does not need external funding, so that it can be financed from within through businessmen, factory owners and expatriates willing.
It remains for the state to put at their service the vast land it owns in various regions, estimated at millions of square meters, the most important of which is in the Bekaa.
There is an existing book of conditions, under which a tender was held under the Minister Abi Khalil, the results of which were not disclosed, and remained in the drawers.
Therefore, the government can launch tenders through the Tenders Department, and not by the Minister ’ s Office, and to place the land in the service of production, especially since Law 129 / 2019 grants it the authority to replace the regulatory authority for the sector, which gives production licenses to the private sector.
This solution enables the production of between 500 and 1,000 megawatts through the private sector. ”
Solar energy in homes
On the other hand, Baydoun believes that citizens should be encouraged to adopt solar energy in their homes, as they were previously encouraged to use solar energy to heat water and were granted subsidized loans, especially that the government took an important step by exempting solar energy equipment from taxes and fees.
The law does not require permission or authorization.
There is only a condition not to harm the environment, public health and safety, these conditions can be set by the ministers of health, environment and interior, to be collected by the government in a single decision, and instruct municipalities to monitor the implementation of solar energy projects for private use, the most important of which is public safety by ensuring the durability of the structure that holds the panels.
As for the citizen who is financially unable, incentives should be provided to him, including loans and facilities, and here Beydoun points out that the citizen can only produce energy during the day, which provides him with the subscription of generators to charge batteries. "We are in an exceptional and difficult stage, and this is the best reform step that would solve half the crisis over 3 years or more, giving the state time for comprehensive solutions, after its reform program stabilizes. and their financial situation. ”
The Minister of Energy ’ s promises are not guaranteed
The Minister of Energy ’ s proposed solutions based on converting Iraqi oil to fuel, Egyptian gas and Jordanian electricity, and obtaining an advance to buy fuel, all these things if achieved together, will not provide electricity more than ten hours of feed, in addition to the fact that access to all these channels is not guaranteed, as the funding authorities require real reforms, contrary to the cosmetic and unconvincing reforms currently on offer. The citizen considered, and if the promises are fulfilled by ten hours, he will need 14 hours of feeding through generators, and the cost will be increased by two high bills for the electricity company and generators.
This is the perfect solution through solar energy. ”
The dilemma of electricity: waste, corruption and arrogance of ministers
I made many suggestions, but the type of autocratic and absurd ministers in the Ministry of Energy destroyed the sector, we always told them to resort to the laws, change your thinking, their response was the minister who exercises the powers alone, we witnessed an arrogance without limits.
When the state had tens of billions of dollars of reserves, they drained them and circumvented the laws and did not provide electricity, what is the situation today, given the state ’ s financial situation, about what promises are they talking about? ”
Baydoun pointed out that the Ministry of Energy has become empty because of the vacancy, the building of the institution is damaged and unusable, and there are managers assigned not to dare to object, and the Minister's advisers control the decisions, and the financial situation of the institution is ambiguous and complex.
Everything they do is out of logic and it won't pay off. "
Go ahead.
Our news via your email
SIGN UP
by Nawal al al Achkar
Softimpact
All rights reserved © Lebanon24
All rights reserved © Lebanon24
Softimpact

These initiatives not only promote energy independence but also stimulate local manufacturing, as seen with the Silicon Production Complex for solar panel production.

Title:

Content: Egypt News
China is the world ’ s top solar power producer with 584.2 TWh
Mohamed Ismail - Cairo - Cairo - A:
The Information and Decision Support Center at the Council of Ministers issued a new analysis highlighting solar energy and its role in the transition towards sustainable energy, as well as the most important international markets in the field of photovoltaic energy, the most important elements of Egypt in the field of solar energy production, and the Egyptian efforts towards localizing the solar panel industry.
Solar energy in Egypt has seen remarkable growth in recent years driven by high demand for clean energy, the achievement of Egypt ’ s 2030 vision to shift towards renewable energy, and the Egyptian state ’ s support for green projects. It is about 7 times more renewable.
The analysis of the center at the beginning dealt with the manufacture of solar energy systems, as it explained that solar cells (photovoltaics) are the main component of solar energy panels, where solar energy is converted into electrical energy, through photovoltaic effect, so that the cell is made of semi-conductive materials, which acquires electrical properties when exposed to light, such as: electric current, resistance, voltage, and the solar cell must also be able to absorb light. And the production of electrons, and the default ages of solar cells of different types range from (10 to 30 years).
Solar cells are generally made of semiconductor materials, for example crystalline silicon, which is extracted from sand processing, and silicon production makes up nearly 90% of the solar cell industry.
According to a recent report by the International Energy Agency (IEA) in April on these markets in 2024, the global cumulative capacity of PV has grown to 1.6 terawatts in 2023, compared to 1.2 terawatts in 2022, with 446 gigawatts of PV systems being used in 2023, up from 407.3 gigawatts.
The analysis indicated that PV has played an important role in reducing CO2 emissions from electricity in 2023, with more than 75% of new renewable capacity installed in 2023, and about 60% of generation from new renewable capacity.
China accounted for the largest share of cumulative PV capacity with 43% of total PV capacity globally in 2023, followed by the Asia-Pacific region with 19%, Europe with 18%, and the Americas with 15%.
In terms of the largest countries in solar electricity generation in the world, China was the highest in solar energy production (584.2 terawatt-hours) in 2023, followed by the United States (238.1 terawatt-hours), India (113.4 terawatt-hours) and Japan (109.4 terawatt-hours).
The IEA ’ s latest report, released in June 2024, looks at global energy investments, with global energy investment expected to exceed US $3 trillion for the first time in 2024, of which US $2 trillion is dedicated to clean energy technologies and infrastructure.
Investment in clean energy has accelerated since 2020, and spending on renewable energy is now higher than total spending on oil, gas and coal.
Solar panel costs have fallen by 30% over the past two years, and the prices of metals essential for energy transitions, especially those needed for batteries, have fallen sharply.
The IEA report warns that energy investment flows continue to be disrupted, especially insufficient clean energy investments in emerging markets and developing countries outside China, although there are initial signs of recovery, with clean energy investments expected to approach US $320 billion in 2024, up more than 50% since 2020.
In 2024, the share of global clean energy investment in emerging market economies and developing countries outside China is expected to remain at around 15% of the total, which – both in terms of volume and share – falls far short of what is needed to ensure full access to modern energy and meet growing energy demand in a sustainable manner.
The energy sector ’ s investment in solar PV technology is also expected to exceed US $500 billion in 2024, surpassing all other sources of generation combined, and although growth may slow slightly in 2024 due to lower PV prices, solar remains central to the energy sector ’ s transformation.
The analysis pointed out that Egypt has enormous natural, geographical and economic potentials that make it an ideal destination to become a regional and global center for solar energy production.
The analysis reviewed the most important of these elements: first, the natural resources where Egypt has the potential of solar photovoltaic energy, and is expected to maximize the benefit of natural geography and the potential of local solar energy, in addition to the availability of silicon ore, which is used in the manufacture of solar panels. Fourth, solar energy exploits the promotion of the private sector: the state supports private sector companies in the field of new and renewable energy to enable them to enter strongly into the production of new and renewable energy, through its management and operation.
The competitiveness of Egypt in the field of human resources is its ability to provide skilled and trained workers in the field of manufacturing and production of solar energy, and Egypt is the main regional source of skilled labor in many sectors, including the new and renewable energy sector, especially in light of the adoption of national programs to prepare and train skilled workers.
Sixth, advanced and modern infrastructure: There are many elements in the field of infrastructure in Egypt, where Egypt has achieved unprecedented achievements in the field of infrastructure projects that have contributed to strengthening its regional and international role and making it one of the most important countries in the Middle East and Africa.
The analysis pointed out that within the framework of the Egyptian state ’ s interest in national projects, especially renewable energy projects, the state adopted an integrated and sustainable development strategy until 2035 to support the capacity of the electricity and renewable energy sector, and implement its pledge to reach 42% of renewable energy by 2030 instead of 2035, compared to 20% in 2022.
The analysis highlighted the most important major projects to localize the solar panel industry: the Silicon Production Complex in New Alamein City, comprising four phases, where the detailed feasibility study of the first phase was completed, which aims to produce metallic silicon with a production capacity of 45,000 tons per year, at an investment cost estimated at $172 million, based on ultra-pure Egyptian quartz ore instead of exporting it as a raw material.
The second phase of the project includes the production of intermediate silicon derivatives that enter the industries of insulating materials, construction and construction, rubber, medical uses, and others, while the third phase of the project aims to establish a factory for the production of polysilicon, which enters the manufacture of solar cells and electronics, with a production capacity of about 10 thousand tons annually.
The launch of the Egypt Solar Platform is one of the most important major projects and was launched during the current year, in order to automate and facilitate the installation of small solar plants, and through the platform to identify the follow-up of the installation of "solar power plants" for citizens, individuals and companies, and connect them to the national electricity network through various distribution companies.
The platform was established in cooperation between the New and Renewable Energy Authority, the Egyptian Electricity Holding Company, the Small and Medium Cell Systems Project of the Industrial Modernization Center, and the Electricity Utility and Consumer Protection Regulatory Authority.
ACWA Power ’ s Kom Ombo solar project is one of the most important projects, with a capacity of 200 MW of clean energy that contributes to the reduction of carbon dioxide by 280 thousand tons annually, and meets the needs of about 130 thousand housing units, in addition to the project contains the latest technology of solar panels, in addition to 952 electric reflectors on an area of 4.8 square kilometers.
The project aims to expand the production of clean energy produced, create jobs for young people, contribute to the diversification of electricity sources for citizens, and reduce 2 million tons of carbon emissions annually. The project includes 32 solar plants to generate electricity with a capacity of 1.47 thousand megawatts.
The Cabinet approved the offer of Amia Power, a subsidiary of the UAE ’ s Al Nowais Investment Group, to implement additional renewable energy projects, bringing the total capacity planned to be added from Amia Power ’ s projects before summer 2025 to 2,000 megawatts, including a battery storage system.
The analysis pointed out that Egypt has huge potential in the field of solar energy production thanks to these promising elements; to become a regional and global leader in solar energy production, as well as targeting the Egyptian state ’ s strategy to increase the contribution of renewable energy in the electricity mix, diversify the sources of electricity production, and exploit natural resources, especially new and renewable energy sources.
Advertisements
You may also read.

Morocco is also globally recognized for its renewable energy legislation and sizable solar resources.

It has established around 1.9 GW of solar capacity, highlighted by the Noor Ouarzazate Solar Complex, one of the world’s largest concentrated solar power arrays.

Morocco’s regulatory environment ensures investor-friendly licensing and grid access for renewables.

These efforts are increasingly linked to the green hydrogen sector, expanding solar energy’s role in the broader economy.

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).

Jordan provides a model of societal-level solar adoption, reaching about 1.7 GW in installed capacity.

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
> > Join Alsumaria on Viber to receive all new, click here
+ A
-A
Latest Episodes
Baghdad..
Mahmudiya District - Episode 140 | Season 6
04: 54 | 2023-11-07
Baghdad..
Mahmudiya District - Episode 140 | Season 6
04: 54 | 2023-11-07
Why Do People Blame Themselves? 7 / 11 / 2023
02: 30 | 2023-11-07
Why Do People Blame Themselves? 7 / 11 / 2023
02: 30 | 2023-11-07
Sports Star Islam Harb - Episode 35 | Season 2
14: 30 | 2023-11-06
Sports Star Islam Harb - Episode 35 | Season 2
14: 30 | 2023-11-06
Bulletin of 6 November 2023 | 2023
12: 45 | 2023-11-06
Bulletin of 6 November 2023 | 2023
12: 45 | 2023-11-06
Internet addiction is more dangerous than drug addiction in teenagers - Episode 143 | Season 2
08: 05 | 2023-11-06
Internet addiction is more dangerous than drug addiction in teenagers - Episode 143 | Season 2
08: 05 | 2023-11-06
Iraq in minutes 5-11-2023
16: 01 | 2023-11-05
Iraq in minutes 5-11-2023
16: 01 | 2023-11-05
The Aftermath of the Regional Earthquake and its Impact on Iraq - Episode 31 | Season 2
15: 30 | 2023-11-05
The Aftermath of the Regional Earthquake and its Impact on Iraq - Episode 31 | Season 2
15: 30 | 2023-11-05
Between Killing, Bombing, and Attacking Civilians: A Brief History of ISIS Crimes in Diyala - Episode 28 | Season 6
14: 30 | 2023-11-05
Between Killing, Bombing, and Attacking Civilians: A Brief History of ISIS Crimes in Diyala - Episode 28 | Season 6
14: 30 | 2023-11-05
The Green Plain: Salahuddin Province - Episode 21 | Season 4
13: 30 | 2023-11-04
The Green Plain: Salahuddin Province - Episode 21 | Season 4
13: 30 | 2023-11-04
From 4 to 10 November 2023 | 2023
02: 00 | 2023-11-04
From 4 to 10 November 2023 | 2023
02: 00 | 2023-11-04
Most Viewed
Drugs.
Drugs.
Poverty and unemployment
Poverty and unemployment
Weakness of authorities
Weakness of authorities
Foreigners in Iraq
Foreigners in Iraq
The results reflect the views of the participants and are not a measure of public opinion.
The results reflect the views of the participants and are not a measure of public opinion.
SUBSCRIBE TO OUR NEWSLETTER
Join millions of followers.
SIGN UP
Download Alsumaria App
The First Source of Iraq News
Subscribe to Telegram
Live and daily updates

Comprehensive incentives include subsidized and interest-free loans, project financing through public and private banks, as well as special grants and subsidies for low-income families and rural communities.

The Renewable Energy and Energy Efficiency Program, for instance, subsidized thousands of solar PV and solar water heater installations, benefiting both residential and commercial sectors.

Title:

Content: Saturday 07-10-2023
Energy: 4,570 solar cell systems to be installed in 2022
The Ministry of Energy and Mineral Resources has implemented many projects concerned with rationalizing energy consumption and improving its efficiency in various governorates and for various sectors through the Renewable Energy Promotion Fund, Energy Conservation and the Directorate of Electricity and Rural Electrification.
Add Announcement
Since the launch of the Renewable Energy and Energy Efficiency Program in 2020 until the end of 2022, 4,570 solar cell systems have been installed for homes, of which 750 were installed in 2022 and 1,625 solar heaters have been installed for homes, of which 520 were installed in 2022.
According to the ministry ’ s achievements report 2022, several agreements have been signed with Islamic and commercial banks, civil society institutions and local cooperative and charitable associations to implement the programs of installing solar heaters and solar energy systems for the domestic sector and to subsidize 30 percent of the cost of these systems.
Through this program, companies specialized in solar heaters systems of both types (pipes and mirrors) were rehabilitated through the development of technical specifications for solar heaters systems in cooperation with the Standards and Metrology Institution and the Royal Scientific Society, and the adoption of specific bases and standards to qualify citizens to benefit from the support of the installation of solar heaters and solar PV systems through this program. A request to benefit from the program, after the design of the program based on the adoption of specific criteria for the target groups.
A joint cooperation agreement was also signed with the Ministry of Planning and International Cooperation to install solar heaters systems for poor families, including a total of 235 systems in cooperation with the Ministry of Social Development, which is currently providing lists of poor families targeted in this program with a grant of 100% of the cost of the systems.
A draft co-financing agreement was finalized with the US Agency for International Cooperation to finance 1,200 solar heaters for poor families with a 100% grant.
In addition, 150,000 energy-saving LED lighting units were replaced and distributed through the three electricity distribution companies covering all governorates of the Kingdom, and 12,000 lighting units were distributed during 2022.

Oman is advancing policies to increase clean energy capacity to 2.6 GW by 2025.

Government measures include regulatory reform, licensing streamlining, plans for large-scale solar auctions, and international partnerships as part of Vision 2040 and its energy master plan.

Algeria and Kuwait are also intensifying investment; while specific operational capacity figures are unavailable, both nations are progressing towards large public sector and rooftop solar projects.

Kuwait’s policies encourage distributed rooftop solar and allow customers to sell surplus electricity back to the grid.

While high upfront costs slow widespread adoption, government investment in large-scale plants and net metering mechanisms are gradually supporting broader uptake.

Title:

Content: Recloser Market to Worth USD 2.2 Billion by 2030, Shares, Size, Component, Enterprise, End-User, Industry, Region, Key Companies | Exclusive Report by Delvens

Delvens published an exclusive market intelligence report, titled “Global Recloser Market Trends Analysis Report by Phase Type (Three Phase, Single Phase, and Triple-single Phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, Air, and Epoxy), Region, Supply & Demand Side Analysis, and Segment Forecasts, 2023-2030”.

Noida, INDIA

New York, May 02, 2023 (GLOBE NEWSWIRE) -- The Global Recloser Market is expected to reach $2.2 billion by 2030 from $1.4 billion in 2022, registering impressive expansion at a compound annual growth rate (CAGR) of 5.7%. Some of the major players are ABB, Siemens, Schneider Electric, Hubbell, and Eaton Corporation among others.

Global Recloser Market Trends Analysis Report by Phase Type (Three Phase, Single Phase, and Triple-single Phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, Air, and Epoxy), Region, Supply & Demand Side Analysis, and Segment Forecasts, 2023-2030.

To Understand Business Strategies, Request for a Sample Report at: https://www.delvens.com/get-free-sample/recloser-market-trends-forecast-till-2028

The power demand is quite strong in growing countries like China and India. Additionally, the distribution industry has a high demand for reliable power infrastructure. Standard circuit breakers were unable to handle the load changes and protracted power outages brought on by circuit breaks. Because recloser can manage load imbalances and automatic power resets, this has driven the market for them. Recloser technology has the potential to replace outmoded circuit breakers with automated innovations that can diagnose and fix faults while also assuming the electrical supply.

Key Companies & Market Share Insights

Some of the key players operating in the global recloser market are ABB, Siemens, Schneider Electric, Hubbell, Eaton Corporation, Tavrida Electric, G&W Electric, S&C Electric, Hughes Power System, Entec Electric & Electronic, Brush Group, Elektrolites, NOJA Power, ILJIN Electric, Ghorit Electricals, Ningbo Tianan Group, Arteche Group, Nikum Energy Control, Shinsung Industrial Electric, Huayi Electric, and Ensto Group among others

Recent Developments

  • In 2020, Switchgear expert C&S Electric Company is purchased by Siemens for 296 million dollars. The purchase includes the Indian operations of C&S Electric's businesses that produce LV & MV power busbars, LV & MV switchgear components, and protection and metering devices. The acquisition includes C&S Electric's Indian operations for its companies selling LV & MV power busbars, LV & MV switchgear components and panels, and protection and metering devices. The owners will keep the Etacom busbars business as well as other divisions of the company such as medium voltage switchgear and package sub-station, lighting, diesel generating sets, EPC, and so on. In the most recent fiscal year, C&S, an organization with more than 50 years of history in India, generated revenues of Rs. 1241 crore.

Recloser Market Overview

As recloser circuits can reduce the maintenance costs of existing circuits and implement the Internet of Things in the power distribution industry, their market share is predicted to increase. The development of superior recloser types that can handle failures at high voltage levels is being funded by the global power distribution electronic equipment sector. High voltage levels, Medium voltage levels, and Low voltage levels are the three categories under which the recloser market study is categorized. The 38 kV disturbance can be addressed automatically by deploying the high-voltage recloser, eliminating the need for human resources.

Report Scope

Report FeatureDescriptions
Growth RateCAGR of 5.7% during the forecasting period, 2023-2030
Historical Data2019-2021
Forecast Years2023-2030
Base Year 2022
Units ConsideredRevenue in USD billion and CAGR from 2023 to 2030
Report SegmentationComponent, Enterprise, End-User, Industry, and Region.
Report AttributeMarket Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level ScopeNorth America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level ScopeU.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies ProfiledABB, Siemens, Schneider Electric, Hubbell, Eaton Corporation, Tavrida Electric, G&W Electric, S&C Electric, Hughes Power System, Entec Electric & Electronic, Brush Group, Elektrolites, NOJA Power, ILJIN Electric, Ghorit Electricals, Ningbo Tianan Group, Arteche Group, Nikum Energy Control, Shinsung Industrial Electric, Huayi Electric, and Ensto Group
Available Customization In addition to the market data for Recloser Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement.

Recloser Market Segmentation Analysis

The electronic segment, by control type, to emerge as the largest segment of the recloser market from 2023-2030.

The electronic category is expected to have the biggest market share over the projection period based on the control type. Electronic control recloser are used in end-use industries including energy (utilities, oil & gas, renewables), substations, and overhead distribution lines. Global demand for grid modernization, including distribution automation, is one of the key drivers propelling the growth of the electronic control recloser market.

By voltage rating, the segment up to 15 kV will develop at the highest CAGR between 2023 and 2030.

By voltage rating, the segment with ratings up to 15 kV is the largest and will experience the highest CAGR between 2023 and 2030. Due to the expansion of residential power distribution capabilities to meet the rising demand for energy in residential regions, the category is also anticipated to develop at the greatest CAGR. Additionally, the market for recloser with voltage ratings up to 15 kV is likely to be driven by rising urbanization, rising investment in smart grid projects, and expanding commercial, residential, and industrial sectors.

Recloser Market Regional Insights

Due to its extensive industrial sector, which includes oil refineries, petrochemical facilities, gas processing facilities, etc., North America is regarded as one of the most important markets among all other regions. These facilities require dependable power supply systems that can withstand any situation, including emergencies like blackouts or brownouts.

Europe has also shown enormous potential for a more competitive market with the rise in energy demand in the residential and commercial sectors. A multitude of factors, including the growing desire for modernization, integration, and a largely consumption-based economy, are driving this trend.

Market size for recloser in Brazil and other developing countries is to blame for the increase in demand for automated power distribution systems in Latin America. Due to its reliance on oil imports, Latin America also faces less price volatility than other regions like Europe and the Asia-Pacific.

During the forecast period, Asia Pacific is anticipated to dominate the recloser market. The region's recloser business is growing as a result of increased funding for infrastructure improvement, automatic distribution systems, and smart grid initiatives. Power production, transmission, and distribution infrastructure have been developed in this area as a result of the region's growing population, industrial expansion, and rapid urbanization.

Due to increased industrial development brought on by modernization policies adopted by governments in many nations, the Middle East and Africa have seen an increase in power consumption. Rapid industry growth and a shortage of competent labor in these regions contributed to a rise in demand for distribution automation systems.

To Grow Your Business Revenue, Make an Inquiry Before Buying at: https://www.delvens.com/Inquire-before-buying/recloser-market-trends-forecast-till-2028

Recloser Market Outlook

Driver: increasing generation of renewable energy and the amount invested in it

Thanks to promising energy storage, hydrogen, and renewable energy technology, start-ups in the US and Europe have raised record amounts of money for their projects. Since 2010, 70% of all investments made in the power sector with the help of public financial institutions have been in renewable technology. Despite the government's critical role in providing strong policy support, more than 60% of investments in renewable energy come from the private sector. Because of the development of renewable energy sources, the current participants in the recloser business have a sizable opportunity.

Restraints: There are affordable alternatives to recloser

Many safety system manufacturers have started making less expensive recloser substitutes. One of the markets for automated recloser that is expanding the fastest is in developing nations like China and India. However, because these are cost-conscious markets, price is a key consideration when making purchases. The expansion of the recloser market in these high-growth regions is threatened by the availability of less expensive alternatives like PVB for recloser.

Opportunities: Increasing financial support for smart grids

The energy sector is witnessing increased investment across the board, but the power sector has grown the most recently, largely due to increased spending on grid infrastructure and renewable energy sources. The transfer of power is tracked and managed by a smart grid from the point of generation to the last consumer. While reducing costs and acting as a crucial enabler of energy security, it maximizes system dependability, stability, and resilience. The financial incentive structure described in these regulations may be one-sided, with distributors liable to punishment for not meeting the standards, or two-sided, with distributors being eligible for a bonus for their extra effort and contribution.

Challenges: Dearth of investments by governments in grid stability

Financing renewable energy still faces several difficulties, many of which are firmly established like the current financial sector. Short loan periods, hefty capital expenses, and a dearth of sufficient government funding are some of these difficulties. However, they are not investing enough to ensure grid stability. Recloser need a large upfront expense to install, but they are essential for line upgrades.

Global Recloser Market Table of Contents

Phase Type Outlook

  • Three
  • Single
  • Triple-single

Control Type Outlook

  • Electronic
  • Hydraulic

Voltage Rating Outlook

  • Up to 15 kV
  • 16-27 kV
  • 28-38 kV

Insulation Medium Outlook

  • Oil
  • Air
  • Epoxy

Regional Outlook

  • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Sweden
      • Austria
      • Finland
      • Belgium
      • Turkey
      • Russia
      • Poland
      • Hungary
      • Czech Republic
      • Switzerland
      • Netherlands
      • Rest of Europe
  • North America
      • U.S.
      • Canada
      • Mexico
  • Asia-Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
      • Vietnam
      • New Zealand
      • Philippines
      • Thailand
      • Malaysia
      • Hong Kong
      • Taiwan
      • Singapore
      • Indonesia
      • Sri Lanka
      • Rest of Asia-Pacific
  • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Rest of South America
  • Middle East And Africa
      • South Africa
      • U.A.E.
      • Saudi Arabia
      • Oman
      • Qatar
      • Iran
      • Egypt
      • Rest of Middle East and Africa

Direct Purchase of the Recloser Market Research Report at: https://www.delvens.com/checkout/recloser-market-trends-forecast-till-2028

For More Energy Industry Insights Reports: https://www.delvens.com/industry/energy

Browse Related Reports:

Electric Vehicle (EV) Charger Market - Trends Forecast Till 2030

Gas Engines Market - Trends Forecast Till 2028

Marine Variable Frequency Drive (VFD) Market - Trends Forecast Till 2028

Residential Energy Management Market - Trends Forecast Till 2028

About Delvens

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports, and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide information on the country, regional, and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally. We use AI and machine learning to make existing offerings quicker and cheaper, as well as to offer new services which couldn’t have been dreamt of a few years ago. From creating concepts to implementing them, we have the best-proven strategies that will help the organization and are assisting the organization to overcome the prevailing challenges and recognize recent opportunities before their competitors. We are capable of providing tailor-made research services keeping because of your specific requirements. We assure to provide the best possible services for all our clients. Our analysts are available for your assistance and will perfectly understand your needs and demand.

Delvens database assists clients by providing in-depth information on crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, and Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

To find out more, visit https://www.delvens.com/ or follow us on TwitterLinkedIn and Facebook.

Contact Us:

Varsha Chaudhari
Delvens Private Limited
Unit No. 2126, Tower B, 21st Floor
Alphathum, Sector 90 Noida 201305, IN
D: +44 20 8638 5055 | C: +91 9561827515 | P: +0120 4569 248

varsha.chaudhari@delvens.com | sales@delvens.com

Website: https://www.delvens.com/

The regional commitment to solar energy is clear: Arab countries plan to construct more than 73 GW of utility-scale solar and wind projects by 2030, with five leading countries (UAE, Saudi Arabia, Oman, Egypt, and Morocco) accounting for about 72% of this growth.

Solar and wind projects are anticipated to fulfill over 90% of the Arab League’s 2030 renewable goals.

Title:

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.
MENAFN24092023000110011019ID1107129201
Legal Disclaimer:
MENA Financial Services Network provides information "as is" without any representations or warranties...
This disclaims our responsibility for the privacy practices or content of the sites included in our network, including images and videos.
For any queries regarding the use and reuse of this source of information, please contact the provider of the above article.

Solar adoption has a multifaceted impact on local economies.

Title:

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.

Major projects bring foreign and domestic investment and boost the development of local supply chains, as seen in Egypt’s panel manufacturing and the job creation associated with constructing and operating large solar installations.

Incentives for distributed solar help reduce household energy expenses, particularly in Jordan and Kuwait, and decrease national costs for imported fuels.

Countries not traditionally rich in energy resources, such as Jordan, have benefited from enhanced energy security and economic diversification.

These strategies are integral to achieving regional and national climate goals.

For instance, Egypt’s renewable capacity expansion is projected to reduce millions of tons of CO2 annually.

The UAE’s and Saudi Arabia’s ambitious decarbonization targets require large-scale solar integration, and flagship projects such as NEOM and Dubai’s solar park are designed to demonstrate practical pathways toward net-zero urban development and national carbon neutrality targets.

In summary, Middle Eastern countries are rapidly advancing solar adoption through major national projects and comprehensive policy incentives.

The resulting economic and environmental benefits are already observable, and continued growth in solar capacity positions the region as an emerging leader in the global energy transition.