Renewable Power Projects Overtake Oil & Gas in Middle East

 

Countries in the Middle East and North Africa (MENA) awarded as much as US$2.8 billion worth of renewable energy projects in the first half of 2021, compared to not a single contract award for oil- or gas-fueled power stations in the region, MEED Insight’s new report Middle East Energy Transition showed.

 

And currently, MENA has 28 gigawatts (GW) of renewable energy capacity installed, most of which­—21 GW—is hydropower. Renewables, including hydropower, account for just 7 percent of MENA’s power generation capacity. But countries, including major oil producers and exporters such as Saudi Arabia and the United Arab Emirates (UAE), plan to install significant solar power capacity in the coming years.

 

For more information, click link below :

https://oilprice.com/Latest-Energy-News/World-News/Renewable-Power-Projects-Overtake-Oil-Gas-In-Middle-East.html

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