Kuwait’s $6.3bln clean energy projects under implementation

Kuwait’s $6.3bln clean energy projects under implementation

A recent report issued by MEED magazine stated that Kuwait has clean energy projects worth $6.3 billion under implementation, while it has only 0.5% of the installed clean energy capacity, reports Al- Qabas daily. The report stated that there is optimism in future renewable and clean energy projects in the region, including blue and green hydrogen and ammonia schemes, as there are projects worth $54.1 billion, or 1.8 percent of regional GDP, that have exceeded the study phase, of which $31.5 billion are in the phase of bidding study.

The report also indicated that additional projects worth $282 billion, equivalent to 9.6% of the regional gross domestic product, are under study, reports a local Arabic daily. In MEED’s latest Regional Energy Transition Index, the two countries that continue to lead the region in terms of their energy transition potential are Morocco and Jordan, both of which have committed to 50% green energy by 2030. Both countries already have renewable and clean energy totaling more than 33% of total energy demand, both of which have seen above-average spending on green new capacity over the past five years, with each country allocating more than 2% of GDP.

Dwindling

However, their spending on their projects is