www.APICORP.org),
latest MENA energy investment outlook sees a modest USD13 bn rise in committed and planned energy investment compared to previous year’s outlook; Renewables claim a significant share of almost 40% the estimated USD250 bn in power sector investments; Committed Gas investments projected to fall by USD9.5 bn to USD75 billion after completion of several megaprojects in 2020; An evolution in regulations is needed for MENA region to realize its energy storage potential; Additional capacity – particularly from renewables – will make power trading a more commercially viable option in MENA; MENA can emerge as a major blue and green hydrogen-exporting region thanks to low-cost gas resources and strong renewable energy progress.
APICORP: Middle East and North Africa (MENA) energy investments to exceed USD805 bn over next five years
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Mena energy investments to top $80bn by 2025: Apicorp
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Vestas celebrates key Saudi project construction milestone
RIYADH, April 29, 2021 The Ministry of Energy of Saudi Arabia commemorated the mid-way mark of the construction of the Dumat Al Jandal wind farm, the kingdom’s first utility-scale wind farm of more than 400MW capacity and the largest in the Middle East. Vestas, the energy industry’s global partner on sustainable energy solutions, is playing a vital role in the project, having installed half of the 99 V150-4.2MW wind turbines for the project. Located in the Al Jouf province, 900km north of Riyadh, the Dumat Al Jandal wind farm project was awarded to the consortium by the Renewable Energy Project Development Office (Repdo) of the Saudi Ministry of Energy, Industry and Mineral Resources (MEIM) in 2019.