UAE Business: GCC needs $50bn grid investments for big renewable push – Gulf Digital News

UAE Business: GCC needs $50bn grid investments for big renewable push – Gulf Digital News

The GCC could require nearly $50 billion of grid-related investments to support proposed capacity additions from renewables, according to a whitepaper prepared by Frost & Sullivan for Middle East Energy 2022.

The Mena region’s most reputable and comprehensive event for the energy sector, Middle East Energy (formally Middle East Electricity) will run from March 7 to 9 at the Dubai World Trade Centre.

Held under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Middle East Energy will see over 18,000 attendees, 500 exhibitors and 250 delegates, said the organisers Informa.

The whitepaper titled 'Clean Energy – Going Beyond the Grid, 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.

In addition to this, the event, which is being hosted by the UAE Ministry of