$50 Billion Solar Investment, to Commission in MENA by 2020

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The commencement of World Future Energy Summit 2014 conferred opportunity in launching
the Solar GCC Alliance. Grouping Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE with the objective of promoting the sector’s coordination at a regional level, Solar GCC Alliance will promote industries from each country to provide an infrastructure for exchanges and regional collaboration.

On a recent report released by Middle East Solar Industry Association (MESIA), in association with Meed Insight, $50bn of solar investment will be commissioned by year 2020. The report stated that 37 GW of renewable energy projects with solar providing 12-15 GW of the mix will carried out across the region by 2020.

Kingdom of Saudi Arabia alone has revealed plans for a $109 billion into solar and nuclear power by 2032, additional to its initial 23.9 GW of renewable generation development.

On the other hand, the United Arab Emirates (UAE) is venturing for a $102 billion on alternative energy generation by 2020. Presently, the country is working on two new PV parks and the world’s largest seawater desalination plant located in the emirate of Ras Al Khaimah.

Meanwhile, while the sultanate of Oman is devoting in solar-powered oil extraction project, Qatar is preparing to use PV-powered air conditioning for its controversial 2022 football World Cup. Alongside is Kuwait, instituting a renewable energy park, while Algeria, Egypt, Jordan and Morocco are empowering its large-scale renewable campaigns.

The WFES 201 held last week, also served as a platform introducing the Young Solar Champions Scholarship Program by the newly-formed Solar GCC Alliance.

This program will put young professionals from the countries in question to a five-day course provided by the Berlin-based Renewables Academy to train as senior and middle managers for solar projects.

Upcoming Projects in MENA

Saudi Arabia – a 23,900MW renewable energy plant by 2020
– to spend $109 billion on solar and nuclear power projects by 2032

UAE – 40-megawatt independent solar power plant in Ras Al Khaimah worth $225 million to provide power for the 100,000m3/day desalination plant nearby
– has a budget of $102 billion for the construction of an alternative and solar energy facility by 2020

Oman – focusing to invest on solar-powered oil extraction

Qatar – preparing to use PV-powered air conditioning for 2022 football World Cup

Kuwait – instituting a renewable energy park

Morocco, Egypt, Algeria and Jordan – ambitious solar power generation projects are on target