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Posted On: 11 August 2013 12:09 pm
Updated On: 12 November 2020 02:13 pm

Renewable energy demand rise in MENA

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The demand for renewable energy increases in the Middle East and North Africa (Mena) region due to steady economic and population growth, associated with rapid urbanization, reports said. International Renewable Energy Agency (Irena) and Renewable Energy Policy Network for the 21st Century (REN21) has published recently the Mena Renewables Report. It estimates that investments worth $145.7bn will be needed for power generation from 2013 to 2017 in the Mena region of which, investments worth $63.1bn will be in the GCC, $21.4bn in Iran and approximately $53bn in the combined other countries of the region. “The development of the region’s renewable energy sector has seen a sharp interest from investors with regional investments set at $2.9bn in 2012,” said Anita Mathews, Director of Informa Energy Group, organisers of Power + Water Middle East. The dedicated conference runs alongside the Power + Water Middle East exhibition, which takes place from 23 to 25 of next month. It will provide an ideal platform for experts to discuss sustainable best practices and innovative solutions across two of the region’s burgeoning sectors. Renewable energy is one of the main themes of the Power + Water Leaders Forum. Growth of the sector in the Mena region is likely to continue over the next two decades, with over 100 projects currently under development. Source:Qatar Chronicle