Genesis Morocco: MENA region targets three-fold increase in renewable energy capacity by 2020, says MEED


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Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Wednesday, October 5, 2011    <<Home

MENA region targets three-fold increase in renewable energy capacity by 2020, says MEED

Despite having considerable solar and wind potential, renewable energy makes a minimal contribution to power generation across most of the MENA region, and in particular in the GCC where traditionally low cost oil and gas production has stifled its development.

According to the latest report by MEED Insight, Mena Renewable Energy 2012, states right across the region are now planning a substantial hike in renewable energy capacity over the coming decade to meet high power demand growth, limit the use of oil and gas feedstock in power generation, and take advantage of a forecast drop in solar and wind generated electricity.

Ten of the 14 Arab states covered in this report have set 2020 renewable energy targets, ranging from 5 per cent of the total energy mix to 42 per cent. Even those that have not, such as Saudi Arabia and Iraq, are talking of implementing major solar power programmes. The targets imply that renewable energy capacity will have to rise three-fold to at least 27,000MW if they are to be met.

Sourced : MEED Insight http://www.meed.com/research/