MENA to host US$15bn in new solar projects over next five years

By Marcus Lawrence
The Middle East and North Africa (MENA) is set to host over US$15bn’s worth of new and operational solar projects during the next five years, signalli...

The Middle East and North Africa (MENA) is set to host over US$15bn’s worth of new and operational solar projects during the next five years, signalling a potent forward-thinking strategy for a region looking to transition away from fossil fuel exports.

Published ahead of the Solar Asset Management (SAM) MENA conference this November, SAM’s report on the matter says that the Middle East Solar Industry Association (MESIA) currently values the region’s solar market at around $20bn.

To meet mounting demand from global markets for clean energy, SAM said the region’s power generation capacity must increase by 66% by 2030, adding 267GW to its current capacity. The dropping costs of solar generation, along with the aforementioned demand, are facilitating the region’s push towards a renewable future.

SEE ALSO:

“Among the top five markets in the MENA region with the largest operational and in-the-pipeline solar projects include the UAE (58%), Egypt (23%), Jordan (10%) and Morocco (6%),” said Mina Mesbahi, Research Analyst at Solarplaza International BV, in SAM’s press release.

“Almost all the countries in this region experience an all year-round sunshine, providing breeding grounds for solar development. Accounting for almost 3GW of operational capacity, solar seems to only loom large for MENA.”

The SAM MENA conference is due to take place over 17-18 November 2019 at the Renaissance Downtown Hotel, Dubai, UAE. Speakers at the event include: Rouven Lenhart, Managing Director, Meteocontrol AMEA; Ahmed S Nada, President, MESIA; Raed Ahmad Bkayrat, Managing Director, Clean Energy Business Council; Nabih Cherradi, CTO, Desert Technologies; and many more.

Share

Featured Articles

US and EU partnership on AI to improve climate forecasting

The US and EU have announced an agreement to speed up the development of AI to improve agriculture, healthcare and climate forecasting

The highs and lows of COP from 1995 to the present day

Sustainability Magazine takes a look at some of the milestones – and setbacks – of the United Nations’ Convention on Climate Change over the years

Top 10: Sustainability conferences around the world

With 2023 in full swing, what better time to look at what the year ahead offers in terms of international conferences focusing on sustainability

Top 10: Sustainable data centre companies

Net Zero

Payments company Flywire issues extensive ESG report

ESG

UN envoy Bloomberg unveils plan to limit coal use

Net Zero