Mena takes a prominent role in accelerating adoption of renewable energy | GulfNews.com

Mena takes a prominent role in accelerating adoption of renewable energy | GulfNews.com:

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Solar project at Masdar City, Abu Dhabi. There are over 100 projects in the region which would witness a 450 per cent increase in non-hydro renewable energy generating capacity.

The Middle East and North Africa (Mena) region is rapidly developing its abundant renewable energy resources due to strong demographic growth, rapid urbanisation, and an expanding economy, which had enabled the countries to experience a strong growth in demand for energy and electricity, the (Mena) Renewables Status Report by World Future Energy Summit, shows.
“Signs suggest a significant shift in the region’s diversification efforts over the next decade, especially in the Gulf Cooperation Council (GCC) countries with new investment in renewables in the region totaling Dh10.6 billion ($2.9 billion) by end of 2012, an increase of almost 40 per cent over 2011 and a 650 per cent increase from 2004 with entrance of some of the world’s largest energy players, especially national and international oil and gas companies, into the solar market,” the report revealed.
The report showed there are over 100 projects under development, in the region which would witness a 450 per cent increase in non-hydro renewable energy generating capacity in the next few years.
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