The Middle East and North Africa 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.

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%.

Several Arab countries, including the UAE, Saudi Arabia, Oman, Kuwait, Egypt, Jordan, Algeria, and Morocco, are expected to play a significant role in increasing global renewable energy capacity by 2030.

The cost of renewable energy, particularly solar and wind power, has decreased significantly over the past decade and is expected to continue to decline.

The UAE plans to invest up to AED 200 billion ($54.5 billion) in renewable energy as part of its transition to a low-carbon future.

The Middle East faces unique challenges in implementing ESG practices, including accurate sustainability reporting and implementing early regulations.

The region lacks clear regulations, which can hinder consistent measurement and disclosure of ESG performance.

Global frameworks such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the International Sustainability Standards Board (ISSB) are being adopted in the region.

The widespread adoption of solar energy in the Middle East poses key grid integration and energy storage challenges.

Energy storage technology is crucial for optimizing the use of renewable energy sources.

The Qatar Foundation's Research and Development Innovation (QF RDI) is working on developing safe, reliable, and cost-effective large battery technology for energy storage.

Iraq has set a target to install 12 gigawatts of renewable energy, accounting for 33% of the country's electricity by 2030.

The country faces a substantial electricity shortage, with nearly one-third of its supply coming from imports, including natural gas.

Egypt has high levels of solar radiation and vast desert spaces, making it an ideal location for renewable energy, particularly solar energy.

The Egyptian government has set ambitious targets for renewable energy, aiming to generate 58% of its electricity from renewable sources by 2040.

Despite these targets, the expansion of renewable energy projects in Egypt has slowed down, with less than 12% of the country's installed power capacity coming from renewable sources.

The majority of Egypt's electricity is generated from natural gas, making the country heavily reliant on imported gas.

Urban areas consume 70 percent of global energy and contribute significantly to greenhouse gas emissions.

The transition from fossil fuels to renewable energy sources is crucial for mitigating adverse environmental impacts and ensuring the resilience and sustainability of urban energy systems.

Renewable energy technologies (RETs) such as wind, solar, and geothermal address resource depletion, pollution, and greenhouse emissions, but face challenges like intermittence of supply and high upfront costs.

The Middle East and North Africa region is expected to continue growing in terms of solar energy, with new technologies and innovations emerging to support the transition to a low-carbon economy.

The UAE has launched a AED 4 billion renewable energy plant in Dubai and the world’s largest waste-to-energy plant to support its sustainability goals.

The region is expected to add 5.6 gigawatts of renewable energy capacity in 2022, double the capacity that was operational in 2021, and by 2026, the region is expected to add 33 gigawatts of renewable energy capacity, of which about 26 gigawatts will be in the form of solar energy.

Dollars from renewable energy investments are expected to make up 34% of all electricity investments in the Middle East and North Africa from 2022 to 2026, according to APRICORP.

The Middle East and North Africa receive 22-26% of the world's solar radiation due to their geographical location, making them ideal for solar energy production, as stated by McKinsey & Company.

Hydrogen production is projected to generate $120-200 billion in annual revenue for Gulf countries by 2050, according to Roland Berger.

Green financing in the Middle East and North Africa, including green bonds, reached $3.8 billion in 2020, according to Nael Amin from Arthur D. Little.

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

Saudi Arabia has announced new renewable energy projects as it seeks to become carbon neutral by 2060, and has set a goal of generating 50% of its electricity from renewable sources by 2030.

Egypt aims 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 International Finance Corporation (IFC) has approved a $635 million investment to build and operate 11 solar plants in Egypt, with a combined capacity of 500 megawatts.

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, and is expected to produce 2000 megawatts of electricity, equivalent to around 90% of the electricity produced by the Aswan High Dam.

Lebanon is committed to transitioning to sustainable energy and reducing its reliance on fossil fuels, with the solar energy market in Lebanon growing significantly between 2010 and 2020, particularly in the area of solar water heating.

The government of Lebanon plans to implement large-scale projects to produce electricity from solar energy, including the construction of 11 solar power plants with a total capacity of 165 megawatts, and aims to increase the share of renewable energy in the national energy mix to 30% by 2030.

The Middle East and North Africa Solar Conference (MENA-SC) 2023 was held in Dubai, with a focus on exploring the benefits of perovskite solar cells to enhance photovoltaic systems in the MENA region's climate conditions.

The conference discussed methods of testing photovoltaic solar panels to ensure their reliability and suitability for the climate and atmosphere of the MENA region, and showcased key projects, initiatives, and digital services in the field of solar energy.

The Middle East and North Africa 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.

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.

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%.

Several Arab countries, including the UAE, Saudi Arabia, Oman, Kuwait, Egypt, Jordan, Algeria, and Morocco, are expected to play a significant role in increasing global renewable energy capacity by 2030.

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.
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The cost of renewable energy, particularly solar and wind power, has decreased significantly over the past decade and is expected to continue to decline.

The UAE plans to invest up to AED 200 billion ($54.5 billion) in renewable energy as part of its transition to a low-carbon future.

Title:

Content: Environmental, Social, and Governance (ESG) issues have become increasingly prominent on the global stage as organisations recognise the need to integrate sustainability into their operations.

As the Middle East moves towards a low carbon future, sustainability has become a top priority for organisations and governments across the region.

Sheikh Mohammad bin Rashid, Prime Minister and Ruler of Dubai announced while launching the National Hydrogen Strategy that the UAE is to invest up to AED 200 billion ($54.5 billion) in renewable energy.

The launch of a AED 4 billion renewable energy plant in Dubai,  and the world’s largest waste-to-energy plant are proof of sustainability climbing the agenda.

With COP 28 being held in the UAE this year, there is a renewed sense of urgency on climate change action, and the net-zero carbon target is being prioritised through policies and actions.

After all, sustainability will boost the UAE’s economic competitiveness, drive innovative policy and improve investment opportunities.

The region has seen notable sustainability innovations, including Saudi Arabia’s rapid transition to a circular carbon economy, Bahrain’s state oil company refinancing a $2.2 billion sustainability-linked corporate finance facility, and Oman’s exploration of green hydrogen as a clean energy source.

However, the Middle East faces its own unique challenges in implementing ESG practices, especially around accurate sustainability reporting and implementing early regulations to fill in previous gaps.

Other challenges that hinder the progress of the region’s ESG agenda include the talent gap, how corporates in the region address the need to implement ESG practices, as well as data availability.

Regulatory frameworks

While standardised frameworks and reporting guidelines begin to form, the lack of clear regulations can hinder consistent measurement and disclosure of ESG performance.

Global frameworks have now become more widely adopted in the region such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the newly published International Sustainability Standards Board (ISSB).

The gap in standardisation previously posed challenges for investors and stakeholders who relied on transparent and comparable ESG data for decision-making, however, we are starting to see drastic changes in this area.

Data availability

Many companies in the Middle East still face challenges in collecting, managing, and reporting ESG data, which can hinder their ability to effectively assess and manage their sustainability performance.

Data is the first step to measure any status, but also measure progress. Improving data collection mechanisms and investing in robust reporting systems will be instrumental in addressing this challenge.

ESG talent gap

Organisations need individuals with specialised knowledge and expertise in ESG practices to drive sustainable strategies effectively. Alongside this specialised knowledge, the industry also needs innovators, risk takers, agitators for change, mentors, and communicators in the field. There is however, a shortage of skilled professionals in the region with a deep understanding of ESG principles to drive innovative solutions.

Bridging this gap requires investment in education and training programmes to build a skilled workforce capable of integrating ESG considerations into business practices. Universities and training institutions are therefore increasingly offering courses and programmes on sustainability and ESG and businesses are partnering with academic institutions to develop tailored training initiatives and internships, nurturing a pipeline of talent equipped with the required knowledge and skills.

These efforts will cultivate a sustainable workforce capable of implementing and driving ESG practices in the Middle East.

Implementation by region’s corporates

Despite the challenges, corporations in the Middle East are embracing ESG practices, recognising the importance of sustainability and responsible business conduct. We see this through accelerated electrification and the increase of decarbonizing energy supply.

The GCC’s oil-producing nations have made efforts to diversify energy sources, transitioning towards net-zero carbon fuels for transportation. Investments in renewable energy, such as solar and wind, aim to mitigate environmental impacts and promote a low-carbon economic future transforming the economic system and supply chain.

Additionally, social considerations are gaining prominence. Companies are addressing social issues through initiatives that promote diversity, inclusion, and employee welfare.

Governance practices are also being strengthened to ensure transparency, accountability, regulatory reforms and ethical conduct.

While obstacles in integrating ESG practices persist in the Middle East, corporates in the region are proactively embracing sustainability and responsible business practices.

That the Middle East is emerging as a leader in ESG adoption is apparent through their fullfillment of the UN SDG goals which has driven positive environmental, social, and governance outcomes for businesses and society as a whole.

The Middle East faces unique challenges in implementing ESG practices, including accurate sustainability reporting and implementing early regulations.

The region lacks clear regulations, which can hinder consistent measurement and disclosure of ESG performance.

Global frameworks such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the International Sustainability Standards Board (ISSB) are being adopted in the region.

The widespread adoption of solar energy in the Middle East poses key grid integration and energy storage challenges.

Title:

Content: Dubai: A first-of-its-kind conference in the region taking place in Dubai is exploring the benefits of perovskite solar cells to to enhance photovoltaic systems in the MENA region’s climate conditions.

A line-up of international researchers, scientists and specialists at the first Middle East and North Africa Solar Conference (MENA-SC) 2023, are presenting the latest scientific and technical progress of organic and organic-inorganic hybrid perovskite cells.

They are also discussing methods of testing photovoltaic solar panels to ensure their reliability and suitability for the climate and atmosphere of the MENA region, for optimal performance in different climate conditions.

Dubai Electricity and Water Authority (DEWA) is organising MENA-SC from November 15 to 18 at the Dubai World Trade Centre. The conference is the first scientific and technical conference of its kind in the region, specialising in solar energy systems.

It focuses on all areas of photovoltaics with a rich programme on PV materials and devices, future technologies, PV reliability and forecasting for performance assessment. Areas extend to system operation, concentrated solar power and grid integration, all of which are key in accelerating the green energy transformation.

Clean energy

Saeed Mohammed Al Tayer

“We strive to achieve the wise directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to consolidate Dubai’s global position in renewable and clean energy, and sustainability,” said Saeed Mohammed Al Tayer, MD and CEO of DEWA.

“The conference creates additional momentum for the renewable and clean energy sector in the MENA region.”

Al Tayer said this is through encouraging innovation, research, and development and by showcasing the latest innovations, research papers, and scientific discoveries in solar energy.

The conference is also attracting scientists, researchers, investors, and international keynote speakers to exchange knowledge, and insights, and discuss breakthrough ideas and the latest innovative technologies and solutions to accelerate the development of the solar photovoltaic systems industry, and deliver the expected Return on Investment for all stakeholders along the value chain, Al Tayer pointed out.

Read More

Perovskite and organic materials

The research papers at MENA SC focus on the most prominent scientific and technical progress of perovskite, organic, and hybrid solar cells, which are rising stars for solar cell and optoelectronic applications for their outstanding features.

The conference explores the horizons of these emerging PV technologies, which are low-cost, lightweight, flexible, and eco-friendly. They also combine efficiency and stability.

The conference is also holding discussions on organic and dye-sensitised solar cells, high-performance hybrid tandem or multijunction solar cells, PV module and system reliability in the MENA region, effects and mitigation of soiling on PV Systems and module and system reliability in the circular economy. The MENA-SC 2023 conference is held in conjunction with the 25th Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show 2023.

DEWA at WETEX and DSS

Meanwhile, DEWA is showcasing its key projects, initiatives, and digital services at its stands at WETEX and DSS 2023.

Some of the most prominent projects being featured by DEWA include the following: The Mohammed bin Rashid Al Maktoum Solar Park, Green Hydrogen Project, Hassyan SWRO IWP Project, DEWA’s Space-D programme, Pumped-storage hydroelectric power plant in Hatta, Dubai Mountain Peak, Aquifer Storage and Recovery (ASR) project, the Green Charger initiative, Smart Grid, Rammas (DEWA’s virtual employee supported by ChatGPT) and the Duroob smart app.

Organised by DEWA under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the events are held under the theme ‘At the Forefront of Sustainability.’

The current edition of WETEX & DSS has attracted around 2,600 companies from 62 countries. The exhibition is spread over 78,000 square metres and includes 24 international pavilions.

Title:

Content: BAGHDAD/PRNewswire/ -- In a strategic move toward harnessing the untapped potential of Iraq's solar landscape, Sungrow is taking the lead in shaping the nation's green energy sector.

Iraq's Minister of Oil, Ihsan Abdul Jabbar, stressed the importance for Arab countries to prioritize high-efficiency, low-cost energy production to foster a modern economy. The country has set a target to install 12 gigawatts of renewable energy, accounting for 33% of the country's electricity by 2030.
Spearheading this initiative, Lei Wu, the Acting Chief Operating Officer of Sungrow MENA region, emphasized the significance of bringing cutting-edge technology to tackle Iraq's longstanding electricity shortage, ultimately enhancing the availability of reliable and high-quality electricity for its residents.

Urgent energy transition needs calls for international cooperation
Iraq faces a substantial electricity shortage, with nearly one-third of its supply coming from imports, including natural gas, according to Reuters.
With 8 to 10 hours of daily sunshine and an annual average of 3,000 to 3,650 hours, the region is poised for large-scale PV deployment.
Wu outlines three key avenues for PV expansion in Iraq: utility-scale power plants, commercial and industrial (C&I) installations, and residential solutions.

Iraq's $680 million fund for clean energy development supports these efforts, demonstrating the government's ambition to build a green economy and foster international cooperation aiming for this goal.

Fragile grid demands innovative solutions
As the demand for solar power grows in Iraq, Iraq emerges as a burgeoning solar market. However, the underdeveloped power grid in Iraq presents challenges that demand higher standards for both products and technologies. Solar projects operating under Iraq's weak grid, whether serving as backup power sources during outages or directly connecting to the grid, have the potential to affect the overall stability of the grid, worsening an already precarious situation.

Lei Wu emphasizes, "Tailoring our products and solutions to diverse requirements is crucial. For example, when a project requires connection to a weak grid, our focus is on providing robust grid support. This involves a seamless integration of PV and energy storage to enhance the stability and optimize consumption ratios. Alternatively, in off-grid scenarios or as a backup power source, our goal is to ensure seamless collaboration between PV and energy storage for maximum efficiency."

A weak grid signifies a low Short Circuit Ratio (SCR), making it vulnerable to grid failure or disconnection issues. Currently, the minimum SCR required by the grid is 1.5, and the lower the SCR value inverters are compatible with, the more robust the grid supports after connection.

Notably, Sungrow, leveraging its technological prowess, has developed a "1+X" modular inverter and SG350HX string inverter, passing SCR tests at 1.018 and 1.1, respectively. In terms of energy storage, Sungrow employs Stem Cell Grid technology, achieving 0ms grid connection and disconnection switching. This ongoing exploration of boundaries serves to comprehensively enhance grid support capabilities.

"We have extensive experience in the MENA region. Previously, we participated in the construction of an 800 MW solar project for the Qatar World Cup. At that time, the integration of large-scale green energy into the Qatar power grid served as a test, and with the backing of advanced Chinese technology, the project proceeded smoothly. This success has bolstered our confidence in venturing into the Iraqi market", said Wu.

Provide localized services
"Venturing into international markets" is intrinsic to Chinese PV enterprises, yet breaking new ground is far from straightforward. Operating abroad not only scrutinizes technology and products, but also the effectiveness of local sales networks, post-sales teams, and service response capabilities. For seasoned players like Sungrow, however, this challenge is effortlessly managed.

Since its establishment in 1997, Sungrow has been dedicated to renewable energy power generation. Whether considering product quality, scale, or market coverage, the company stands as a global industry leader. Up to now, in addition to its traditional strength in solar inverters, Sungrow has diversified its business portfolio to include energy storage systems, renewable energy hydrogen production systems, smart operation and maintenance, EV-charging, investment and development in renewable energy power plants, and new energy automotive driving systems, etc. Wu told the reporter, "Every enterprise may face challenges of not fitting the local conditions while exploring new markets. To overcome this, concerted efforts are necessary. Firstly, we must understand the local business environment and social culture, do thorough groundwork in advance, and avoid potential risk factors."

"Secondly, we need a strong sales and service network for timely customer response. Currently, our business reaches 150+ countries and regions, committed to addressing overseas customer needs within 48 hours.

Sungrow follows a global development strategy, with branches and sales networks in the MENA region for localized services. This enhances cooperation with local customers, aiding in expanding the Iraqi market," he added.

Wu further emphasized that, "Exploring new markets is about establishing roots. The deeper the roots, the more abundant the growth."

In the first nine months of this year, Sungrow marked a revenue of RMB 46.415 billion, surpassing the annual revenue of RMB 40.257 billion in 2022, setting a new record. As per consulting firm S&P Global Commodity Insights, Sungrow has maintained its global lead by shipping 77 GW of PV inverters in 2022. Additionally, its delivery of energy storage systems exceeded 7.7 GWh in the same year.

SOURCE Sungrow Power Supply Co., Ltd.

CONTACT: Bertha Wang, wangxiaoyu@sungrowpower.com

Energy storage technology is crucial for optimizing the use of renewable energy sources.

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Latest Sustainability Technology – Five Notable Trends

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Latest Sustainability Technology – Five Notable Trends January 3, 2022

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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The Qatar Foundation's Research and Development Innovation (QF RDI) is working on developing safe, reliable, and cost-effective large battery technology for energy storage.

Iraq has set a target to install 12 gigawatts of renewable energy, accounting for 33% of the country's electricity by 2030.

The country faces a substantial electricity shortage, with nearly one-third of its supply coming from imports, including natural gas.

Egypt has high levels of solar radiation and vast desert spaces, making it an ideal location for renewable energy, particularly solar energy.

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The sun...
The Magical Solution to Egypt ’ s Electricity Crisis?
Mohamad Farhan
3 July 2024
The idea of using solar panels has become popular among Egyptians as electricity is cut off for hours in extremely hot weather.
Despite Egypt ’ s ambitions in the fields of wind energy, solar energy and green hydrogen, what are the main obstacles?
https: / / p.dw.com / p / 4hmNX
With power cuts continuing in his town in the heart of Upper Egypt, Mohamed Ismail thought of installing solar panels as an alternative to the electricity that goes out for hours a day.
In an interview with DW Arabiya, Mohammed said: “The electricity in my area is cut for more than four hours a day from 5: 00 to 9: 00 p.m.
No sleep and no water until electricity is restored.
“As a solution to the crisis, we and our neighbors have decided to install solar cells to get permanent electricity in our homes and get rid of the burden of a high electricity bill. ”
Mohammed, 26, aspires to rely on the solar system to power fan engines and refrigerators that stop working with power cuts amid temperatures that exceeded the threshold of 40 degrees Celsius more than a month ago.
The government has been cutting power regularly for a year due to an energy crisis accompanied by a shortage of foreign currency, which has led to a lack of fuel for power plants.
Interruptions initially amounted to one hour, but as the period increased amid successive bouts of heat, criticism of the government increased.
Difficulties despite the possibilities
Mohamed Ismail ’ s push for solar energy coincides with energy experts saying that high levels of solar radiation and vast desert areas mean Egypt has huge renewable energy potential.
In mid-April, the Egyptian Ministry of Petroleum and Mineral Resources announced the start of construction of two solar power plants at a cost of 1 billion Egyptian pounds ($20.30 million), funded by the European Union.
For his part, Dr. Hani Al Nokrashi, member of the President ’ s Scientific Advisory Council for Energy Affairs, calls for supporting efforts to enhance reliance on solar energy and benefit from the experiences of developed countries in the field of clean energy.
Regarding the desire of Mohamed Ismail and others to install solar panels on their homes, Al-Nukrashi, an energy specialist, pointed to some logistical difficulties.
In an interview with DW Arabia, he said: "The roofs of buildings in Egypt are often horizontal and used for different purposes, so there are no large spaces available in cities for this use.
The daily electricity consumption curve in Egypt shows that the peak demand is after sunset where there is no electricity supply from photovoltaic cells. ”
National initiatives.
"Little effect."
At a two-day investment conference between Egypt and the European Union in Cairo earlier this week, Egypt ’ s Electricity Minister Mohamed Shaker said his country was reviewing its clean energy targets and aiming for its share of electricity generation to reach 58 percent by 2040.
The government has rescheduled its target of producing 42 percent of its needs from renewable energy sources to 2030 instead of 2035.
However, data from Egypt ’ s New and Renewable Energy Authority indicate that the expansion of renewable energy projects was largely halted after the inauguration of the Benban solar power plant in 2019.
The data shows that less than 12 percent of Egypt ’ s installed power capacity of about 60 gigawatts comes from renewable energy sources.
According to Mark Ayoub, an energy researcher at the Issam Fares Institute at the American University of Beirut, the initiatives launched by the Egyptian government to promote reliance on solar energy “are not enough. ”
In an interview with DW Arabiya, Ayoub, a former fellow at the Washington-based Tahrir Institute for Middle East Policy, said, “With the onset of the economic crisis in Egypt about 10 years ago, the goals set by the Egyptian government were ambitious, aiming to reach 20 percent of the power generated from renewables by 2022 and 42 percent by 2035, but there were only a few wind power plants and solar projects being implemented. ”
“The impact of the initiatives at the national level is still small and new initiatives have not been launched to take advantage of the country ’ s huge potential, especially in the field of solar energy.
Today, the share of renewable energy is about 12 to 13 percent, mostly from hydropower. ”
Official data indicate that most of the electricity is generated by gas, which has made Egypt highly dependent on imported gas.
Analysts say Egypt needs to expand its electrical grid to cover potential project sites to make it viable, especially after the government signed memorandums of understanding on renewable energy and green hydrogen since it hosted the United Nations Climate Change Conference (COP27) two years ago.
Attracting investors
In the same context, Ayoub pointed out that the Egyptian government faces a major challenge in attracting international companies to implement projects on its territory.
“Investors ’ appetite over the past years has been linked to agreements with the International Monetary Fund (IMF) to save many public services, including electricity.
“It has been difficult for the government to increase the rate of investment in renewable energy due to a lack of foreign currency and a greater reliance on external actors, especially the Gulf states. ”
Energy experts say solar energy cannot cover all the needs of homes in Egypt, which has a population of more than 106 million, according to the Cabinet ’ s Central Agency for Public Mobilization and Statistics.
However, Dr. Hani al-Nokrashi points out that solar energy could help solve the country ’ s energy crisis.
Speaking to DW Arabia, he said, “Solar photovoltaics can provide part of the fuel used to produce electricity during the day to be available at night during peak demand.
This means that the benefit is only through the abundance of fuel, and it is obvious that continuing this approach does not lead us to completely dispense with conventional power plants. ”
The cost...
A major obstacle
In its efforts to encourage Egyptians to install solar panels, the Ministry of Electricity and Renewable Energy launched the “Egypt Solar Platform ”, which it says aims to“ provide all data on solar cell systems to the citizen. ”
The platform provides information on “steps to implement a solar power plant ” including cost calculation and legal procedures, saying:“ Solar energy can be used to provide electricity in all sectors. ”
However, the ambitions of Mohamed Ismail, who lives in Assiut province, run into an obstacle that could prevent him from resorting to the sun as a clean source to withstand power cuts for hours.
"When asked about the cost, I found that it amounted to more than 300,000 pounds ($6,200,000 or 5,814 euros) and paid the wages of 25 workers, which is a huge amount," he said.
“An engineer who worked at the Benban solar power plant in Aswan told us that the life span of these cells is about 25 years, which means that paying ordinary electricity bills is cheaper. ”

The Egyptian government has set ambitious targets for renewable energy, aiming to generate 58% of its electricity from renewable sources by 2040.

Despite these targets, the expansion of renewable energy projects in Egypt has slowed down, with less than 12% of the country's installed power capacity coming from renewable sources.

The majority of Egypt's electricity is generated from natural gas, making the country heavily reliant on imported gas.

The majority of Egypt's electricity is generated from natural gas, making the country heavily reliant on imported gas.

The majority of Egypt's electricity is generated from natural gas, making the country heavily reliant on imported gas.

Urban areas consume 70 percent of global energy and contribute significantly to greenhouse gas emissions.

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Content: Empowering Cities: The Dawn of Urban Energy Efficiency Management

This article explores the transformative strategies for urban energy efficiency management, highlighting the integration of renewable technologies, smart grids, and policy initiatives as key drivers towards sustainable urban development.

Devdiscourse News Desk | Updated: 26-02-2024 17:23 IST | Created: 26-02-2024 17:23 IST

As cities burgeon, becoming the heartbeats of civilization, their thirst for energy swells, posing both challenges and opportunities. The quest for sustainable urban development has never been more pressing, and the integration of innovative strategies for energy efficiency management stands at the forefront of this endeavor. This exploration delves into the transformative realm where urban planning meets technological innovation, paving the way for cities that are not only efficient but sustainable and inclusive.

The Blueprint for Urban Energy Efficiency

Urban areas, consuming a staggering 70 percent of global energy and contributing significantly to greenhouse gas emissions, are under increasing pressure to transform. The path to sustainability hinges on a multifaceted approach, focusing on low-carbon technologies, efficient distribution infrastructure, and reduced consumption patterns. The transition from reliance on fossil fuels to the embrace of renewable energy sources marks a pivotal shift towards mitigating adverse environmental impacts while ensuring the resilience and sustainability of urban energy systems.

The Role of Renewable Energy Technologies

The adoption of renewable energy technologies (RETs) such as wind, solar, and geothermal is critical. These technologies not only address the depletion of resources but also combat pollution and greenhouse emissions. However, challenges such as the intermittence of supply and high upfront costs pose significant hurdles. Despite these, the long-term benefits—environmental and economic—are undeniable, promising a future where urban neighborhoods are powered by clean, abundant energy.

Smart Grids and Energy Consumption

The advent of smart grids offers a revolutionary solution to the intermittent power supply issue, enhancing the efficiency of energy transmission and distribution, and thereby reducing losses. Paired with smart appliances and buildings, these grids facilitate the optimization of energy use, adjusting consumption patterns to align with power availability and cost. The integration of efficient heating, cooling, insulation, and lighting systems in buildings further amplifies energy conservation efforts, underscoring the immense potential for savings and sustainability.

Policy and Government Leadership

The establishment of robust policies and standards is paramount for fostering sustainable urban energy systems. Governments play a crucial role as regulators and drivers of change, instituting legislation that not only regulates energy use but also incentivizes the adoption of greener technologies. Through collaboration with the private sector and international partners, local authorities can leverage knowledge, expertise, and financial resources to overcome the commercial interests that often overshadow long-term environmental and developmental goals.

Inspiring Global Initiatives

Around the globe, cities are showcasing inspiring examples of energy efficiency in action. From the implementation of efficient street lighting in Indonesia to the promotion of low-carbon transport systems in Mexico, international cooperation under the UNFCCC framework is catalyzing significant advancements in urban energy management. These initiatives not only illustrate the potential for reducing energy consumption and emissions but also highlight the creation of jobs and the reduction of operational costs as compelling reasons to pursue energy efficiency.

Towards a Sustainable Urban Future

The journey towards sustainable urban energy management is a complex yet rewarding endeavor. It necessitates a paradigm shift in how cities view and manage energy, transitioning from traditional, unsustainable practices to innovative, efficient, and inclusive strategies. By harnessing the power of renewable energies, smart technologies, and robust policy frameworks, cities can illuminate the path to a sustainable future, ensuring that they remain vibrant centers of life, culture, and innovation for generations to come.

In conclusion, the management of urban energy efficiency is not merely a technical challenge but a comprehensive strategy that encompasses technological innovation, policy reform, and community engagement. As cities evolve, so too must their approach to energy management, embracing efficiency and sustainability as keystones for a prosperous, resilient future.

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The transition from fossil fuels to renewable energy sources is crucial for mitigating adverse environmental impacts and ensuring the resilience and sustainability of urban energy systems.

Renewable energy technologies (RETs) such as wind, solar, and geothermal address resource depletion, pollution, and greenhouse emissions, but face challenges like intermittence of supply and high upfront costs.

The Middle East and North Africa region is expected to continue growing in terms of solar energy, with new technologies and innovations emerging to support the transition to a low-carbon economy.

The UAE has launched a AED 4 billion renewable energy plant in Dubai and the world’s largest waste-to-energy plant to support its sustainability goals.

The region is expected to add 5.6 gigawatts of renewable energy capacity in 2022, double the capacity that was operational in 2021, and by 2026, the region is expected to add 33 gigawatts of renewable energy capacity, of which about 26 gigawatts will be in the form of solar energy.

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Content: BasicEnvironment
US $9 BILLION ARAB ENERGY INVESTMENTS
The Arab Petroleum Investment Company (APICORP) expects total planned and committed investments in the energy sector in the region to exceed $879 billion over the next five years, an increase of $74 billion from last year ’ s investments of $805 billion.
According to the Middle East and North Africa Energy Investment Outlook for 2022-2026, the impact of the Russian-Ukrainian war on the region ’ s energy sector is mixed, with energy exporting countries leading the way in spending on renewable energy projects, benefiting from windfall gains in oil and gas revenues after the war led to a sharp rise in prices.
However, geopolitical volatility and unfavorable global conditions will not slow the growth of oil, gas and petrochemical investments in the region over the next five years.
Committed Projects
In the GCC, committed projects represent about 45 percent of total energy investment in the Arab region, 50 percent higher than the overall regional average of 30 percent for this category of projects.
For countries that import most of their energy needs in the Levant and North Africa regions, energy investments have declined, as these countries are more vulnerable to the geopolitical risks of war, exacerbated by economic pressures imposed by inflation and debt burdens.
Rami Ashmawy, senior energy specialist at Apicorp, said: “The latest report reveals that the region is on its own path to energy transformation, with the region taking the largest share of future global oil and gas investments to ensure global energy security and avoid the imminent risks of accelerated growth that pose a major threat to the global economy.
At the same time, the region continues to invest in clean and renewable energy and decarbonization technologies, as part of a long-term strategic vision to build a low-carbon future through a cleaner, more balanced and more sustainable energy mix. ”
Hydrogen
Apicorp forecasts that blue and green hydrogen will dominate emerging hydrogen markets across the region in the near term, as the fundamentals of hydrogen markets will lead to their expansion.
For the Middle East and North Africa (MENA) region – and the GCC countries in particular – the focus will be on exporting low-carbon hydrogen via ammonia shipments to demand centers in Europe and Southeast Asia.
Suhail Shatila, senior energy specialist at Apicorp, said: “Blue hydrogen has proven to be a more attractive option for the MENA region in the medium term, with a relatively low production cost and limited impact on existing business models of national and international oil companies.
This is a key measure in the energy transformation journey, given the important role of hydrocarbon producers in supporting decarbonisation efforts in oil and gas exploration and achieving net-zero emissions targets by mid-century. ”
Diversification of energy sources
Countries in the region are seeking to integrate renewables into their energy mix, in line with their shared goal of diversifying the mix of power generation with low cost and low carbon sources, to enhance the security of energy supply.
The report predicts that the Arab region will boost the total installed capacity of renewable energy sources by 5.6 gigawatts during the current year 2022, which is double the capacity that was put into operation in 2021, which amounted to 3 gigawatts.
By 2026, the region is expected to add 33 gigawatts of installed capacity from renewables, of which about 26 gigawatts are in the form of electricity and distributed solar photovoltaic panels.
Apicorp predicts that natural gas, the dominant fuel in power generation, will continue to grow and maintain 70 to 75 percent of the region ’ s power generation by 2024.
As a positive sign of sustainability, the use of oil-fired energy sources is expected to decline from 24 to 20 percent of total power generation by 2024.
In Saudi Arabia, the report points to an increase in electricity generation by gas over the next five years, and a decrease in oil generation during the same period, predicting that the share of electricity generation by oil in the energy mix will fall to less than 30 percent in 2022, compared to 32 percent in 2021.
In the UAE, the share of natural gas in the power generation mix is expected to fall from around 90 percent to less than 60 percent over the next five years as it seeks to diversify its energy supply through the use of nuclear and renewable energy.
Nuclear energy production levels in the Middle East and North Africa remain relatively modest, accounting for only 3 percent of the total energy mix in 2021.
Regulations, equities, capital markets and the private sector
With oil and gas companies facing tighter financing terms, ever-changing regulations, and striving to contribute to socio-economic development and affordable energy, governments are shouldering the bulk of hydrocarbon investments to ensure the security of energy supplies.
Sustainability bonds and green bonds issued in the Middle East and North Africa (MENA) region in 2021 more than tripled compared to 2020, reaching a total value of $18.64 billion.
2021 also saw the birth of the first voluntary carbon trading program in the MENA region, by the Saudi Stock Exchange (Tadawul), paving the way for the development of a formal market for trading and exchanging carbon insurance and compensation.
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Dollars from renewable energy investments are expected to make up 34% of all electricity investments in the Middle East and North Africa from 2022 to 2026, according to APRICORP.

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

The Middle East and North Africa receive 22-26% of the world's solar radiation due to their geographical location, making them ideal for solar energy production, as stated by McKinsey & Company.

Hydrogen production is projected to generate $120-200 billion in annual revenue for Gulf countries by 2050, according to Roland Berger.

Green financing in the Middle East and North Africa, including green bonds, reached $3.8 billion in 2020, according to Nael Amin from Arthur D. Little.

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

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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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Saudi Arabia has announced new renewable energy projects as it seeks to become carbon neutral by 2060, and has set a goal of generating 50% of its electricity from renewable sources by 2030.

Egypt aims 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 International Finance Corporation (IFC) has approved a $635 million investment to build and operate 11 solar plants in Egypt, with a combined capacity of 500 megawatts.

Title:

Content: $635mn investment approved to build and operate 11 solar plants in Egypt

By James Henderson
The Board of Executive Directors of IFC, a member of the World Bank Group, has approved an investment of $635mn that will help construct, ope...

The Board of Executive Directors of IFC, a member of the World Bank Group, has approved an investment of $635mn that will help construct, operate and maintain up to 11 solar power plants in Egypt.

The combined capacity of the plants amount to 500 megawatts, and will be one of the largest private foreign direct investments in the country’s power sector in recent years.

Part of Egypt's landmark solar Feed-In Tariff (FIT) program, the $730mn project in Benban, near Aswan, aims to mobilise private investment to build the world's largest solar photovoltaic generation park, harnessing the country’s vast solar resources.

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As well as helping to spur economic growth, the project will help drive the local economy, including the creation of temporary and long-term jobs and help reduce greenhouse gas emissions

“This landmark investment demonstrates that when you have the right reform policies, and a government willing to allow greater involvement by the private sector, you can attract investors in every sector, including infrastructure,” said Mouayed Makhlouf, IFC Director for the Middle East and North Africa.

“Investments like these are the nucleus for economic growth, which is needed in Egypt.”

Egypt’s solar FIT program, which includes projects financed by other institutions like the European Bank for Reconstruction and Development and Proparco, is expected to be one of the largest foreign direct investments in years, attracting investments of up to $2bn.

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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
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 project has created around 10,000 job opportunities and has reduced harmful gas emissions by 2 million tons per year, and is expected to produce 2000 megawatts of electricity, equivalent to around 90% of the electricity produced by the Aswan High Dam.

Lebanon is committed to transitioning to sustainable energy and reducing its reliance on fossil fuels, with the solar energy market in Lebanon growing significantly between 2010 and 2020, particularly in the area of solar water heating.

Title:

Content: World News
Clean Energy Middle East Exhibition and Conference Opening Ceremony
The opening ceremony of the third edition of the Middle East Clean Energy Conference and Exhibition, a conference and exhibition dedicated to clean and renewable energy, showcasing the latest technologies, as well as a range of related solutions and services.
Dealers display their commercial goods in terms of inverters, panels, batteries, solar programs and heaters, and project finance.
It will last until May 10, 2024 at the Venice Hotel, Beirut.
The first session of the conference and exhibition was held under the title: "National Policy for the Energy Sector", in which Minister of Energy and Water Walid Fayyad participated.
In a related context, the Director General of EDL, Kamal Hayek, reviewed the reality of the institution after the explosion of August 4, the national emergency plans approved by the government to promote the electricity sector, and the decisions of the Board of Directors to put national emergency plans into effect, the most important of which is the amendment of the tariff, and the future vision of EDL and its dealings with international donors such as the World Bank.
Then came the word A.
Sami Alawiya, who spoke about the importance of hydropower and its role in reducing emissions as clean energy, and the relationship with EDL.
Fayyad pointed out that the Ministry of Energy and Water is moving towards more clean, sustainable and environmentally friendly energy technologies, and that Lebanon is serious about the transition to sustainable energy that is less expensive than fossil energy and is a partner in the fight against climate change.
He pointed out that the solar energy market has witnessed good growth between 2010 and 2020, especially in the level of water heating on solar energy, where the area of water heating systems on solar energy exceeded 900 thousand square meters on the entire Lebanese territory.
The market of electricity production through solar energy and fans has also witnessed a remarkable growth, especially with the lifting of subsidies on oil derivatives, as the clean energy currently produced in Lebanon is less expensive, where the cost of electricity production in EDL is about 14 US cents per kilowatt hour, while the cost of electricity production from private generators is about 30 US cents per kilowatt hour, the cost of electricity production from clean energy is currently about 6 or 7 cents per kilowatt hour. ”
"The lifting of subsidies on electricity prices has given the clean and renewable energy market a significant boost, making the volume of solar energy projects implemented to exceed the threshold of 1500 MW by June 2024," he said.
He also touched on government plans to implement major projects in the field of electricity production through the sun, especially the construction of 11 solar plants to produce electricity with a capacity of 15 MW per plant, i.e. a total of 165 MW, with the production being linked to EDL and sold to EDL.
It is estimated that the share of clean and renewable energy in electricity production will be about 30 percent of the national consumption by 2030.
The ministry ’ s goal is to install 3,000 megawatts of solar farms by 2030 and about 1,000 megawatts of wind farms, in addition to completing the volume of water heating on solar energy, and increasing hydropower; the ministry will spare no effort to achieve these figures, even surpassing them. ”
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The government of Lebanon plans to implement large-scale projects to produce electricity from solar energy, including the construction of 11 solar power plants with a total capacity of 165 megawatts, and aims to increase the share of renewable energy in the national energy mix to 30% by 2030.

The Middle East and North Africa Solar Conference (MENA-SC) 2023 was held in Dubai, with a focus on exploring the benefits of perovskite solar cells to enhance photovoltaic systems in the MENA region's climate conditions.

The conference discussed methods of testing photovoltaic solar panels to ensure their reliability and suitability for the climate and atmosphere of the MENA region, and showcased key projects, initiatives, and digital services in the field of solar energy.