The GCC witnessed unparalleled economic and industrial development in the last decades that led to an increase in domestic energy consumption. Forecasts indicate an increase in domestic energy consumption with a growth rate that could reach 6% to 8% annually.
Countries in the GCC have an enormous potential to be more energy efficient. The UAE’s renewable power-generation capacity is the highest among the GCC countries, its solar potential is second only to Saudi Arabia, and solar and wind may now be the cheapest sources of new power in the country.
The Big 5 Hub selects ten of the best ongoing renewable energy projects in the MENA.
(CLICK ON IMAGE TO SEE IN ITS OWN VIEWER)
The Dubai Integrated Energy Strategy 2030 has set the percentage of renewable energy in Dubai's energy mix to 7% by 2020 and 15% by 2030.
Saudi Arabia has plans to attract $109 billion in investment to create a solar industry generating a third of the nation’s electricity - the equivalent of 41 gigawatts - by 2032. Jordan, Turkey and Egypt have also announced new solar initiatives.
Achieving the renewable energy targets of the GCC will result in a 22 per cent reduction in water consumption for power generation and associated fuel extraction, according to a report by the International Renewable Energy Agency (Irena).
More Top 10 Galleries