The Middle East and North Africa region is expected to play a key role in the transition to renewable energy, with renewable energy investments expected to make up 34% of electricity investments in the region from 2022 to 2026.

The region has one of the highest solar energy potentials in the world, with countries such as Saudi Arabia, the UAE, Morocco, and Egypt receiving an average annual solar radiation of over 2,000 kilowatt-hours per square meter.

Several countries in the region have set ambitious targets to increase the share of renewable energy in their energy mix, such as Saudi Arabia's goal to generate 50% of its electricity from renewable sources by 2030.

The UAE aims to increase the share of clean energy in its total energy mix to 50% by 2050, and is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades.

Egypt plans to derive 42% of its electricity mix from renewable sources by 2035, and has launched several initiatives to achieve this goal, including the Benban solar park and the Gulf of Suez wind project.

The Benban solar park in Egypt is one of the largest renewable energy projects in the Middle East, with a capacity of 1,800 MW and a total investment of $4 billion.

The project has created around 10,000 job opportunities and has reduced harmful gas emissions by 2 million tons per year.

The Middle East region is experiencing severe climate conditions due to climate change, with rising temperatures and decreasing rainfall, making it one of the most water-scarce regions in the world.

The region is not self-sufficient in food production and relies on imports, making it vulnerable to global market fluctuations.

Governments in the region are responding to these challenges by investing in renewable energy and implementing policies to promote sustainable development.

The UAE, for example, has launched a number of initiatives to promote sustainable development, including the Mohammed bin Rashid Al Maktoum Solar Park, which is one of the largest solar power sites in the world.

The park has a planned capacity of 5,000 megawatts by 2030 and is expected to reduce carbon emissions by 6.5 million tons per year.

Other countries in the region, such as Saudi Arabia and Egypt, are also investing heavily in renewable energy, with a focus on solar and wind power.

The region's renewable energy market is expected to grow significantly in the coming years, with a predicted increase of 57% in renewable energy capacity by 2027.

The growth of the renewable energy market in the Middle East is driven by government support, declining technology costs, and increasing demand for clean energy.

The UAE, Saudi Arabia, and Egypt are among the countries that will drive the growth of renewable energy in the Middle East and North Africa region.

The region's solar energy capacity increased by 23% in 2023, but still accounts for only around 2% of the region's current energy mix, with fossil fuels accounting for 87%.

The integration of renewable energy sources into smart grids is crucial for achieving the goals of the COP28 pledge, with batteries playing a key role in storing and stabilizing the grid.

The Middle East region has significant potential for solar and wind energy development, with plans to add 73 GW of new solar and wind power capacity by 2030.

The region's wind energy production is expected to increase, with Egypt aiming to produce 24 GW of wind energy, the seventh-largest national capacity in the world.

The capacity factor of wind energy in the region is around 53%, compared to 20% for solar energy, allowing for more efficient use of resources.

Overall, the Middle East region is making significant progress in its transition to renewable energy, with a focus on solar and wind power, and is expected to play a key role in the global transition to a low-carbon economy.

The Middle East and North Africa region is expected to play a key role in the transition to renewable energy, with renewable energy investments expected to make up 34% of electricity investments in the region from 2022 to 2026.

Title:

Content: Global News
The World Today - A pivotal and promising role for the countries of the region in the transition to renewable energy
You are now following the news of a pivotal and promising role waiting for the countries of the region in the transition to renewable energy from the news section of the world and now we leave you with full details
MARCH 3, 2023 02: 16 AM - The Middle East and North Africa (MENA) region has always played a pivotal role in the oil and gas markets, but this role will not stop if the world decides to move to low-emission sources of energy.
According to APRICORP, renewable energy investments are expected to account for 34 percent of electricity investment in the Middle East and North Africa between 2022 and 2026.
According to McKinsey & Company, the Middle East and North Africa receives 22 to 26 percent of the solar radiation energy on Earth, due to its geographical location.
Solar energy is not the only thing that distinguishes the region, as countries in this region are likely to be the source of 10 to 20 percent of the global hydrogen market by 2050, according to Roland Berger.
Hydrogen is likely to generate annual revenues of $120 billion to $200 billion by 2050, and many countries in the region have already started projects to transport and export hydrogen to energy-consuming countries.
The region has about 10 percent of global carbon capture and storage capabilities.
Despite the many challenges that countries in the region must face in this regard, the Middle East and North Africa (MENA) region has the potential to play a pivotal role in the global energy transition.
The most prominent question about green finance comes in this promising region.
Nael Amin, senior director of financial services at Arthur D. Little, said on this week ’ s episode of Dot Gulf ’ s World of Energy program that green finance in the Middle East and North Africa, including green bonds, had reached $3.8 billion in 2020.
This amount, according to Amin, has grown significantly during the year 2022, specifically in 4 countries, Turkey, the Arab Emirates, Egypt and Saudi Arabia, due to the development in the region and increased investments in this sector, as well as providing some important requirements in this sector.
Amin explained that besides financing, the region is witnessing progress in many areas in terms of dealing with environmental factors, which is an attractive factor for investors.
Over the past two years, banks have significantly increased their legislation in this area, as each of the Gulf countries has implemented the necessary standards and requirements to support the business environment in the field of green energy.
There are challenges, according to Amin, the most prominent of which is the data challenge, as he pointed out that banks are approaching the activities of customers to know the necessary data on funded projects, for example, in the case of financing the construction of a building, you must know the amount of energy that will be consumed by this building.
The Gulf States are working and collaborating with each other to understand the framework that must be adopted to develop infrastructure in the field of renewable energy and promote sustainability, which will positively impact and support green investment in general in the region.
We hope that we have succeeded in conveying the full details of a pivotal and promising role that awaits the countries of the region in the transition to renewable energy.
In God ’ s care and protection.
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The region has one of the highest solar energy potentials in the world, with countries such as Saudi Arabia, the UAE, Morocco, and Egypt receiving an average annual solar radiation of over 2,000 kilowatt-hours per square meter.

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

Several countries in the region have set ambitious targets to increase the share of renewable energy in their energy mix, such as Saudi Arabia's goal to generate 50% of its electricity from renewable sources by 2030.

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Content: People 's Network > > International
Sino-Arab green transformation cooperation is on the rise
December 8, 2022, 13: 09 | Source: Xinhua Network
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Xinhua News Agency, BEIJING, December 8 (International observation) Sino-Arab cooperation on green transformation is on the rise
Xinhua News Agency reporter Luo Guofang
China and Arab countries have different resource endowments and development paths, but they are in the key stage of green development transformation.
The pursuit of a common vision of sustainable development will push China and Argentina to move forward together in a cleaner, greener and low-carbon direction, and continuously deepen cooperation in related fields to benefit the people of China and Argentina.
Development Complementary Advantages
At present, China's development is changing from high-speed growth to high-quality development, and it is committed to energy transformation and clean development in the field of energy, and strives to build a clean, low-carbon, safe and efficient energy system.
At the same time, many Arab countries have also launched energy transformation plans in recent years, committed to the development of clean and renewable energy, and strive to reduce dependence on fossil fuels such as oil and natural gas, and promote sustainable economic development.
Saudi Arabia announced in its Vision 2030 development strategy that by 2030, the proportion of renewable energy in the country's energy mix will reach 50%.
The UAE ’ s Energy Strategy 2050 aims to increase the share of clean energy in the total energy mix to 50% by 2050.
Egypt plans to increase the share of clean energy generation to 40% by 2035.
The Arab region has one of the best solar and wind energy resource endowments in the world, and the development of clean and renewable energy has unique conditions.
According to a report released by the Global Energy Monitor in June this year, Arab countries in the Middle East and North Africa plan to add 73 gigawatts of utility-scale solar and wind capacity by 2030, more than five times the current installed capacity.
China has advanced technology and rich experience in the field of photovoltaic and wind power, and has complementary advantages with Arab countries in the field of clean and renewable energy.
Abu Dhabi Energy Director, Avida Murshid Maral, said that vigorously developing renewable energy has become a global trend, which creates a good opportunity for deepening Arab-Chinese energy cooperation.
Collaborating for a Green Transition
In recent years, China has actively expanded cooperation with Arab countries in the field of clean and renewable energy, and the two sides have jointly implemented a number of cooperation projects.
The Zafra Solar Power Station, about 35 kilometers from Abu Dhabi City, is the largest single photovoltaic power station in the world, with an installed capacity of 2 GW.
The solar power plant, which is contracted by a Chinese company, will help Abu Dhabi reduce carbon dioxide emissions by 2.4 million tons per year and play an important role in the sustainable development of the UAE's energy economy.
Saudi Arabia's Red Sea coast is creating a green new city, the project called the Red Sea New City, the future electricity supply will be 100% from clean energy.
The realization of this vision will not only rely on solar and wind energy, but also benefit from energy storage systems that can act as energy “cisterns ” and“ regulators, stabilizers ”.
The successful signing of the Red Sea New City energy storage project by Chinese enterprises will help Saudi Arabia to build a global clean energy and green economy center.
Abdullah Wadi, a researcher at the Saudi think tank Research and Knowledge Exchange Center, said that Saudi Arabia and China are committed to vigorously developing clean and renewable energy, and actively promoting relevant international cooperation, which has set a good example for the international community to work together to promote green and low-carbon development and jointly deal with various challenges and global issues facing mankind.
Helping Fishing Development
With the deepening of cooperation between China and Arab countries in clean energy, low-carbon economy and energy transition, China ’ s advanced technology in related fields has also entered Arab countries. China adheres to the concept of “teaching people to fish ” and helps Arab countries improve their independent development capabilities through multi-level cooperative research and training programs.
China and Arab countries jointly set up the China-Arab Clean Energy Training Center to jointly organize capacity-building activities in photovoltaic, solar thermal, wind power and smart grid.
China and Egypt have set up a Sino-Egyptian joint laboratory on renewable energy to carry out joint research, promote personnel training, and help Egypt strengthen scientific and technological capacity building.
Since its establishment in 2015, the China-Arab Technology Transfer Center has built eight bilateral technology transfer centers in Saudi Arabia, Jordan and other countries, forming a technology transfer cooperation network linking nearly 5,000 Chinese and foreign members.
“The development of zero-carbon and low-carbon energy technologies is of great significance.
These technologies align with our energy transition goals, make the energy industry more resilient and help us build a sustainable and peaceful future, ” said Maral.
(Editor: Jia Wenting, Liu Jieyan)
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The UAE aims to increase the share of clean energy in its total energy mix to 50% by 2050, and is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades.

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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

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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
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Egypt plans to derive 42% of its electricity mix from renewable sources by 2035, and has launched several initiatives to achieve this goal, including the Benban solar park and the Gulf of Suez wind project.

The Benban solar park in Egypt is one of the largest renewable energy projects in the Middle East, with a capacity of 1,800 MW and a total investment of $4 billion.

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Content: Chairman of the Board of Directors and Editors
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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 project has created around 10,000 job opportunities and has reduced harmful gas emissions by 2 million tons per year.

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.
The largest in the world | Benban solar project developments in Aswan
The Benban solar project in Aswan governorate is the largest and most important national project in Egypt in the field of clean energy, as well as the most important in the field of global renewable energy projects.
The Benban project has received many awards, including the announcement by the World Bank Group that it will receive the annual award as the best outstanding projects of the Bank in the world in 2019, which is the first time that Egypt has won this award.
Follow-up developments of the Benban project in Aswan
In this regard, Prime Minister Mostafa Madbouly met today with Minister of Electricity and Renewable Energy Mohamed Shaker Al Marqbi to review renewable energy projects and the latest developments in green hydrogen production projects.
During the meeting, Dr. Mohammed Shaker Al Marqbi pointed out that the Benban Solar Park project is one of the most important projects implemented in the field of new and renewable energies, as it is the largest solar power plant in one place in Africa and the Middle East, and ranks fourth in the world, among the largest solar plants producing electricity, producing 1465 MW.
During the meeting, Al-Marqabi stressed that the role of the private sector is pivotal to investment in this field, adding that the volume of investments in the "Benban" complex reaches $2 billion, and contributed to the creation of about 10 thousand jobs, and contributed to the reduction of emissions of harmful gases by 2 million tons annually.
In this context, Dr. Salah Arafa, a professor of physics and solar energy expert, says that the development of the Benban project is one of the good steps taken by the state, as it benefits the direction of integrated green transformation, economy and green energy.
Connecting 32 stations to 1465 MW
He added that the state is implementing this project in order to implement its plan to turn green and use clean energy and away from the use of fossil energy, which helps to preserve the environment.
Arafa pointed out that he wishes to repeat this project in all desert places and new places in the country.
On the other hand, Minister of Electricity and Renewable Energy Mohamed Shaker revealed that 32 solar plants from the world capital of solar energy have been connected to Benban with a capacity of 1465 MW, and all stations have been connected to the national electricity network and operated commercially since 2019.
Shaker pointed out that 32 solar plants under the ownership, construction and operation system boo in cooperation with foreign and Egyptian investors at a cost of $2 billion, and that this project was able to provide 10,000 jobs for young Egyptians, all of them Egyptians, and there are only a limited number of foreign delegates from some of the companies participating in the project.
It's known as the world's solar capital.
The Minister of Electricity pointed out that the Benban project has the title of the world capital of solar energy because it includes the largest number of solar power plants, which number 32 plants with a capacity of 50 megawatts per station, in addition to it has succeeded in training, operating and creating jobs during the period of implementation of the project and after the commercial operation of investor stations. The biggest capabilities in the world.
In the past, President Abdel Fattah al-Sisi visited and opened a number of development projects in the governorates of Upper Egypt, which comes within the "Upper Egypt Week", which began on December 22 from Assiut, and inspected the Benban Solar Energy Complex in Aswan Governorate, as well as opened a number of projects belonging to the electricity sector in the governorates of Upper Egypt.
Ambassador Bassam Radi, spokesman for the Presidency of the Republic, said that the Benban Solar Park is the largest solar power plant in the world, which was established in partnership with the private sector and specialized international expertise, and is one of the most important infrastructure projects in Egypt to generate electricity from new and renewable energy.
It is worth mentioning that the Benban solar project in Aswan is one of the largest and latest global projects in the field of solar PV as it is the largest global solar energy complex, and is one of the brightest areas of the sun in the world and is built on an area of   37 km2, including 8843 acres of solar panels used in a single station 200 thousand panels designed to produce 2000 MW of solar energy. Transformers to discharge energy, 40 specialized companies participated in the project, including 10 international and Arab companies.
Information about Benban Solar Park
During the implementation period, the complex provided 11720 direct jobs and 23,440 indirect jobs, in addition to 6000 jobs after the operation, and about 40 companies specialized in the production of electricity using solar energy panels.
The investment costs of the Benban solar electricity production complex amounted to about 3.4 billion euros, which is estimated at 40 billion pounds, and is considered one of the projects based on the public-private partnership system, and the complex is located on an area of   37 km2 on 8,843 acres.
Below we review some information about the Benban Solar Park, which is as follows:
• The Benban solar project is one of the most important and largest electrical projects implemented in the world in recent years, as it is the largest solar power plant in the world, with a capacity of 1465.
• Created in partnership with the private sector and international expertise, it has been dubbed the World Solar Capital.
• The Benban Solar Park project won the Arab Government Excellence Award in its first session (2019-2020) in the category of the best Arab government project for infrastructure development at the Arab level.
• The Benban Solar Park project has already won two international awards: the 2017 Global Award and the 2018 World Bank Award as the best project in the world.
• Benban Solar Park is one of the most important infrastructure projects in Egypt to generate energy through the management of foreign investment.
• It is the largest solar power plant in Africa and the Middle East with a capacity of 1456 MW.
• The project contributed to the creation of 11,720 direct jobs, 23,440 indirect jobs during the implementation period, and 6,000 after the operation.
• 10% of the profits of the participating companies were allocated to social responsibility.
• The project has helped to avoid 2 million tons of CO2 emissions, promote and attract foreign investment in the region and issue laws supporting investment.
• The project also had a developmental and societal impact in the region by transforming the industrial high school into a solar energy school, after agreement with the Ministry of Education, to implement the proposal of the Governor of Aswan to transform the industrial high school in Benban into a solar energy school, to include all solar energy from the beginning to power plants in all its aspects.
• The choice was made along the village of Benban in the western desert road of Aswan province, based on studies and reports of NASA and some international scientific institutions, which confirmed that the project site is one of the brightest areas of the sun in the world.
• The investment cost of the project amounted to about 3.4 billion euros, which is estimated at 40 billion Egyptian pounds, and is located on an area of   37 km2 on 8843 acres.
• The project includes 4 main stations for the transmission of electricity, and the project includes 40 solar substations and the project aims to produce 2000 megawatts of electricity, which is equivalent to almost 90% of the energy produced from the High Dam, to support the unified national electricity grid.
• The solar panels used in the plant are about 200,000 solar panels that produce 50 megawatts of clean energy, which can light 70,000 homes.
40 companies specialized in the production of energy according to international specifications, including 10 international and Arab companies, as well as a large number of Egyptian companies working in the construction and energy sectors, through the New and Renewable Energy Authority from a total of 200 companies applied to implement this huge project.
• Launched in 2015, in accordance with Presidential Decree No. 274 of 2014, it is based on partnership with about 40 companies specializing in the production of energy according to international standards, including Spain ’ s Acciona, UAE ’ s Alcazar Energy, Italy ’ s Eneri, France ’ s Total, China ’ s Chint and Norway ’ s Skatek.
• Benban Solar Park in Aswan has received a large number of international acclaim, most notably the reference of US Senator Bernie Sanders that "Egypt is building the largest solar power plant in the world, which is a technological revolution to follow in achieving economic growth that guarantees the right of future generations.
According to NASA, Egypt is making a quantum leap towards clean and renewable energy sources.
• IFC CEO Philippe Le Horo praised the Benban terminal project, saying it was “amazing ”.
• Four transformer stations have been established to connect the generating stations to the unified network where the total length of cables connecting the generating stations to the transformer stations reaches 1000 km.

The Middle East region is experiencing severe climate conditions due to climate change, with rising temperatures and decreasing rainfall, making it one of the most water-scarce regions in the world.

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Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Urgent...
Drought, desertification and storms.
Climate change is a threat to the Middle East
According to the Intergovernmental Panel on Climate Change (IPCC), the average temperature in the Middle East has risen by 1.5 ° C since the beginning of the last century and is expected to increase to 4 ° C by the end of the century.
Precipitation is expected to decrease by 20% in the same period.
These changes are exacerbating the problem of drought and desertification in the region, which is the world ’ s most water-poor region, and according to the Food and Agriculture Organization of the United Nations, 12 of the 17 most vulnerable countries in the world are located in the Middle East.
Studies suggest that the Tigris and Euphrates rivers, the main sources of water in Syria and Iraq, may disappear completely during this century due to lower water levels and increased evaporation.
North African countries also face the threat of sea-level rise, which could inundate some coastal cities and affect millions of people.
Increased emissions and weak commitments by countries in the region
Much of the responsibility for climate change is due to anthropogenic emissions, especially in the energy sector.
The Middle East is one of the largest producers and consumers of fossil fuels in the world, with this sector forming an important part of their economies.
According to international reports, countries in the region are responsible for the production of 3.2 billion tons of carbon dioxide annually, representing 8.7% of the world ’ s emissions.
Saudi Arabia and Iran are the ninth and seventh largest emitters of this gas.
Although some countries in the region are committed to international agreements on climate change, such as the Paris climate agreement, this commitment has not yet been translated into effective action to mitigate their emissions.
These countries face many challenges in developing the renewable energy sector, such as solar and wind energy, which is a less harmful alternative to the environment.
According to a World Bank report, the contribution of renewable energies to electricity production in the countries of the region does not exceed 7%.
The impact of climate change on security and peace in the region
The impact of climate change is not limited to the environment and natural resources, but extends to security and peace in the region.
Climate change increases the risk of conflicts over water and agricultural resources among countries in the region, especially with disputed water borders.
An example of this is the dispute between Egypt, Sudan and Ethiopia over the Renaissance Dam, which threatens Egypt ’ s share of the Nile River water.
Climate change is also exacerbating the problem of migration and internal and external displacement, with millions of people forced to leave their areas because of poor living conditions.
This phenomenon exacerbates tensions and conflicts in host communities and places a burden on basic services.
Given these challenges, countries in the region need to take urgent action to adapt to and mitigate climate change.
These include increasing investments in the renewable energy sector, implementing policies to rationalize water and electricity consumption, improving the efficiency of agriculture and soil management, strengthening regional and international cooperation to resolve water conflicts, and providing protection and support to migrants and displaced people affected by climate change.
In this way, the States of the region can preserve their environment, security and peace in the face of this imminent threat.
World leaders in the face of climate change
At the 78th session of the United Nations General Assembly, leaders and officials from different countries addressed various global issues, including climate change, which is a major challenge for humanity.
The leaders stressed the need for cooperation and commitment to reduce the effects of this phenomenon, especially before the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which will be hosted by the UAE in November.
Gutierrez: We must make up for the time lost due to inaction and greed
In his speech at a climate summit on the sidelines of the General Assembly, UN Secretary-General Antonio Guterres warned that “time is running out ” to tackle climate change, noting that“ heat is rising and disasters are increasing. ”
Guterres criticized the “blatant greed ” of fossil fuel interests and called for a shift to renewables.
He called for increased funding and support for the countries most affected by climate change, especially in Africa and small islands.
Von der Leyen: It's a matter of trust
European Commission President Ursula von der Leyen reaffirmed the EU ’ s commitment to agreements and targets on climate change, noting that it is “the first region in the world to be greenhouse gas neutral by 2050. ”
Von der Leyen stressed the need to meet the goal of raising $100 billion a year to finance the fight against climate change in developing countries, saying it was a matter of trust.
She announced that the EU will send $27 billion this year as part of this contribution.
Macron: We support agricultural development and education in rural areas
French President Emmanuel Macron has pledged to support agricultural development and education in rural areas affected by climate change by investing in the International Fund for Agricultural Development (IFAD) and the UN Global Fund to Support Education in Emergencies and Protracted Crises (Education does not wait).
Macron said France would host and organize IFAD ’ s replenishment, contributing $150 million to the fund and €40 million to the Education Not Waiting Fund.
He added that these initiatives aim to "give young people and women in rural areas an opportunity to get education, training and income."
Biden: We must fight climate change together
For his part, US President Joe Biden expressed concern about the effects of climate change on security and stability in the world, saying that "this is a crisis that threatens every person on the planet."
Biden said his administration was prioritizing the fight against climate change and had rejoined the United States in the Paris climate agreement.
Biden called for “working together ” to reduce greenhouse gas emissions by 30 percent this decade and increase the use of renewable energy sources.
Biden promised that "the United States will be a reliable partner" on the issue.

The region is not self-sufficient in food production and relies on imports, making it vulnerable to global market fluctuations.

Title:

Content: The importance of land and natural resource investment (1 of 2)
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For decades, many countries in the Middle East and North Africa (MENA) region have benefited from abundant natural resources, including oil and gas.
But the region is not rich in all resources.
In fact, the Middle East and North Africa region is increasingly land-poor.
In a region where the desert occupies 84 per cent of its land area, there is little left to grow food.
In fact, given the poor quality of land in the region, if farmers in the region decide to cultivate more land, they can increase the cultivated areas by an additional 17 percent at most without having to resort to irrigation.
There is little land to accommodate the region ’ s growing urban population, leading cities to expand on farmland or into the desert.
By 2050, the region ’ s total urban land area may have to be increased by 50 per cent to accommodate the growing population.
Our report, The Importance of Land, examines the nature and extent of the land problem in the MENA region, its many causes, and what can be done to address this challenge.
The report also shows that the Middle East and North Africa can no longer ignore the land problem, especially as governments deal with the risks posed by climate change and the pressure of population growth.
Governments have ignored or responded to this issue in the following three ways.
Many countries have developed their desert lands “for agricultural purposes and to build new cities, ” with mixed results and increasing pressure on a more scarce resource, water.
Some countries restricted the use of land to serve their strategic goals (such as food sovereignty), but created inefficiencies when they did so.
An interesting anecdote that illustrates this point in the report is the case of farmers who rent fertile public land, complaining that their government requires them to produce milk instead of growing it!
For the past 15 years, some of the poorest countries in the region have been buying, or at least trying to buy, large tracts of land in other countries to produce primary goods that are then exported to the investor ’ s country, a practice that has sparked some international controversy.
While it is well understood why these practices have emerged, it is clear that they will not solve the problem.
In some ways, it can make things worse.
In our latest report, we see that the root of this problem is largely mismanagement of land, which prevents it from being used efficiently.
It follows.
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Governments in the region are responding to these challenges by investing in renewable energy and implementing policies to promote sustainable development.

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
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The UAE, for example, has launched a number of initiatives to promote sustainable development, including the Mohammed bin Rashid Al Maktoum Solar Park, which is one of the largest solar power sites in the world.

The park has a planned capacity of 5,000 megawatts by 2030 and is expected to reduce carbon emissions by 6.5 million tons per year.

Other countries in the region, such as Saudi Arabia and Egypt, are also investing heavily in renewable energy, with a focus on solar and wind power.

The region's renewable energy market is expected to grow significantly in the coming years, with a predicted increase of 57% in renewable energy capacity by 2027.

The growth of the renewable energy market in the Middle East is driven by government support, declining technology costs, and increasing demand for clean energy.

The UAE, Saudi Arabia, and Egypt are among the countries that will drive the growth of renewable energy in the Middle East and North Africa region.

Title:

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

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.

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
Economist: Egypt is linked to 2030 strategy and will be an energy hub
Dr. Walid Jaballah, an economist, said that the Arab countries ’ increase in renewable energy capacity by 57% is a medium increase and is concentrated in Egypt, Saudi Arabia, Oman and Morocco.
During a telephone interview with Extra News, Jaballah said that these countries are taking the approach of economic diversification in the Gulf, Egypt and Morocco, while other Arab countries are still not concerned with this file and are suffering from problems related to exporting the necessary financing in order to move to the path of renewable energy.
He added that Egypt is linked to its 2030 strategy and to be a regional energy hub with real projects on the ground, where he issued a solar power plant in Biban and wind power plants on the Red Sea coast.
The expert pointed out that Egypt, Saudi Arabia, the UAE, Oman and Morocco account for more than 72% of the total renewable energy growth in the MENA region until 2027.

The region's solar energy capacity increased by 23% in 2023, but still accounts for only around 2% of the region's current energy mix, with fossil fuels accounting for 87%.

The integration of renewable energy sources into smart grids is crucial for achieving the goals of the COP28 pledge, with batteries playing a key role in storing and stabilizing the grid.

The Middle East region has significant potential for solar and wind energy development, with plans to add 73 GW of new solar and wind power capacity by 2030.

The region's wind energy production is expected to increase, with Egypt aiming to produce 24 GW of wind energy, the seventh-largest national capacity in the world.

The capacity factor of wind energy in the region is around 53%, compared to 20% for solar energy, allowing for more efficient use of resources.

Overall, the Middle East region is making significant progress in its transition to renewable energy, with a focus on solar and wind power, and is expected to play a key role in the global transition to a low-carbon economy.