Renewable Energy Market Middle East: Status, Trends & Recommendations
The energy transition in the Middle East is proceeding at a rapid pace. Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects as the region’s energy diversification agenda gathers pace, according to a new research report from MEED Insight. Middle East Energy Transition reports that there were no contract awards for oil-powered or gas-fuelled power stations in the Middle East and North Africa (Mena) region in the first half of 2021, while in the same period, there were about $2.8bn of renewable energy project contract awards in the region. What are the current developments? What are the biggest drivers? And which sectors play a particularly important role? Benjamin Attia, Senior Research Analyst, Energy Transition Practice, Wood Mackenzie Power & Renewables tells us. Timeline: 2.12: What are the current developments in MENA, what has happened in the past 12 months? 4.40: Will the MENA market will be worth more than $20 billion by 2024? 9.35: What are the key technical aspects and latest technologies in this regard? 13.32: What are the next steps and developments we will see in the Middle East’s energy transition? You can find everything about Intersolar Middle East here: https://www.intersolar.ae/en/home Questions, feedback or suggestions for exciting guests? Send us an email to podcast@thesmartere.com