UAE Business: $50bn grid-related spend seen for green energy in GCC – Gulf Digital News

UAE Business: $50bn grid-related spend seen for green energy in GCC – Gulf Digital News

The GCC could require nearly $50 billion of grid-related investments to support proposed capacity additions from renewables, according to Clean Energy – Going Beyond the Grid, a whitepaper prepared by Frost & Sullivan.



The whitepaper, prepared for Middle East Energy, a comprehensive event for the energy sector, revealed that for the GCC to diversify its power mix, investment in large-scale renewables capacity additions is required and would need corresponding increased investment in transmission and distribution networks to eliminate inadequacies.



In line with the expected increase in grid-related investments, a report titled Global Power Transmission and Distribution Equipment Industry has highlighted the transmission and distribution equipment industry is expected to top $312.8 billion globally by 2026, further underscoring its importance as a central theme when Middle East Energy, formally Middle East Electricity, returns to the Dubai World Trade Centre from March 7-9.



Azzan Mohammed, Exhibition Director, Global Energy & Utilities Forum and Middle East Energy, said: “At the very centre of harnessing renewable energy and making it available for consumers is effective transmission and distribution networks, which is why the sector continues to play a prominent role at the Middle East Energy exhibition and during dedicated