April 9, 2019 Read More →

Wind power projects gaining traction in sunny Middle East

ReNews.biz:

Saudi Arabia will become a regional heavyweight in the Middle East’s wind power market adding over 6GW in the next 10 years, according to new research by Wood Mackenzie Power & Renewables.

The report – ‘Middle East Wind Power Market Outlook, 2019-2028’ – said developers will build 6.2GW of wind capacity in the country or 46% of the region’s total wind capacity additions between 2019 and 2028.

Saudi Arabia has set a 16GW target for wind by 2030 and 40GW for solar, Wood Mackenzie added.

The report noted that regional volatility is expected to remain, with strong positive growth, driven by Jordan and Iran in 2018 expected to reverse in 2019. Post-2020 Wood Mackenzie Power & Renewables sees regional demand returning to steady growth.

Wood Mackenzie Power & Renewables added that the outlook for solar in the region is “much more positive” than wind.

“Compared to only 6GW of wind power capacity, developers will add 53GW of PV capacity through 2024,” said [Wood Mackenzie Power & Renewables senior analyst Sohaib] Malik. He added: “Solar PV has become a natural choice for many countries in the region, which is endowed with world class solar energy resources.

More: Saudis set to ‘boost wind by over 6GW’

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