According to the Middle East Economic Digest Meed's latest release of the Middle East and North Africa Renewable Energy Research Report, the demand for renewable energy in the Middle East and North Africa region exceeds $ 200 billion.、
The study found that the next five years, clean energy projects total installed capacity is more than 67GW in the design, research and other stages of the Middle East and North Africa. If the project is to be completed, the total investment is expected to exceed 200 billion US dollars.
Due to the rich hydrocarbon resources, renewable energy in the Middle East started late. However, since 2013, since the first scale solar power plant in the Middle East has been put into operation, renewable energy in the Middle East has been developing rapidly.
Especially the rapid decline in the cost of solar photovoltaic solar energy resources for the rich Middle East and North African countries to create a very favorable development conditions.
According to the report on the 12 countries and regions of the Middle East and North Africa, renewable energy projects found that the current 12 countries and regions installed capacity of about 271,761MW, of which renewable energy accounted for 7%, but most of them Is from hydropower. Only North Africa's Morocco, Middle East Abu Dhabi and Dubai have more than 100 megawatts of solar energy projects.
However, the report believes that this pattern will be significant changes in the next few years. This is due to the government's strong support for solar energy and other renewable energy and its own cost of the combined effect of the results.