In recent years the solar industry has seen some of the largest and cheapest contracts awarded in the MENA region. But with concerns over component price and availability, what can the industry expect from the solar sector in the MENA region in the medium-term?
Abu Dhabi has said it will bring its renewables capacity up to 8.8GW by 2025 as it seeks to reduce emissions associated with power generation by 50% over the next decade.
BP, Abu Dhabi National Oil Company (ADNOC) and Masdar have partnered up to develop low carbon hydrogen hubs and create decarbonised air travel corridors between the UK and UAE in a deal that will see “billions” of dollars of investment.
Tracker manufacturer Arctech has secured a 2.1GW supply deal with China Machinery Engineering Corporation (CMEC) for the Al Dhafra PV2 PV plant in Abu Dhabi.
Abu Dhabi National Energy Company (TAQA) has announced plans to ramp up its solar PV portfolio through a new strategic plan that will see the power producer aim to reduce its exposure to oil and gas.
The United Arab Emirates (UAE) is capable of reaching its renewable energy targets thanks to a “robust” development pipeline of solar projects, new research from Rystad Energy suggests.
