Renewables will dominate $250bln power projects in Mena

Renewables will dominate $250bln power projects in Mena

Some $250 billion worth of power projects in the Middle East and North Africa (Mena) region will undergo a transitional shift from fossil-fuel to renewable energy sources as well as clean nuclear energy, said officials and experts.

The Mena region is expected to add 5.6 GW of installed capacity from renewables in 2022, nearly double the 3GW which came online in 2021, they said at the two-day Mena Power Projects 2022 conference that took off on September 7 at the Conrad Abu Dhabi Etihad Tower, UAE.

By 2026, the region is expected to add 33GW by installed capacity of renewables, with around 26 GW as utility and distributed solar PV, according to a latest report published by Arab Petroleum Investments Corporation (Apicorp).

Over 200 delegates

More than 200 delegates including senior government officials, project owners, project management professionals, project developers, contractors, sub-contractors, technology providers, utility suppliers, industry experts and key stakeholders are taking part at the event.

The UAE is at the forefront of the energy transition from fossil fuels to renewable energy and green hydrogen eco-system, officials said.

“The UAE Energy Strategy 2050 has clear objectives: Increasing the share of clean energy in the total energy mix to reach 50 percent by the year 2050;