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Yahoo
3 days ago
- Business
- Yahoo
MENA Renewable Energy Market to Reach $59.9 Billion by 2030, Driving a Regional Green Energy Boom
"Driven by National Strategies and Abundant Renewable Resources, MENA Emerges as a Global Leader in Clean Energy Innovation with Major Investments in Solar, Wind, and Green Hydrogen" BOSTON, July 29, 2025 /PRNewswire/ -- According to the latest study from BCC Research, "Renewable Energy Regional Analysis Market: Middle East and North Africa" is projected to reach $59.9 billion by the end of 2030, at a compound annual growth rate (CAGR) of 14.4% during the forecast period of 2025 to 2030. This report analyzes the renewable energy market in the MENA region, focusing on emerging economies like Saudi Arabia, UAE, Egypt, and Morocco. It covers energy sources such as solar, wind, hydro, and bioenergy, and their use in the residential, commercial, and utility sectors. The study explores market trends, policies, investments, and technologies driving renewable energy growth. Turkey and Israel are excluded to maintain focus on less-developed markets, helping investors, policymakers, and companies identify high-potential opportunities in the region. This report is particularly relevant today as MENA countries are accelerating their shift to renewable energy to reduce reliance on fossil fuels and meet climate goals. National strategies like Saudi Vision 2030 and UAE Net Zero 2050 are driving major clean energy projects. Falling technology costs and rising electricity demand are making renewables more viable and necessary. Global climate commitments and the push for green hydrogen exports are further boosting momentum. Additionally, growing foreign investment is fueling large-scale renewable developments across the region. The factors driving the market's growth include: Government-led Strategies and Energy Diversification Plans: MENA governments are promoting renewable energy through national strategies aimed at reducing reliance on fossil fuels. These plans include policy reforms, investment incentives, and partnerships to support clean energy development. Abundant Natural Resources Offering Renewable Energy Potential: The region's high solar radiation and strong wind conditions make it ideal for renewable energy projects. Countries like Saudi Arabia and Morocco are leveraging these natural advantages to build cost-effective solar and wind farms. Growing Energy Demand and Electrification of New Sectors: Rising energy needs due to population growth and industrialization, along with the electrification of sectors like transport and water desalination, are driving demand for sustainable power sources like renewables. Energy Export Goals and the Rise of Green Hydrogen: MENA nations are investing in green hydrogen production to become global exporters of clean energy. This aligns with international decarbonization goals and opens new economic opportunities in energy trade. Green Hydrogen and Ammonia Production for Export and Domestic Use: Green hydrogen and ammonia are being developed for export and domestic use in power generation, transport, and industry, supporting both economic growth and environmental goals. Industrial Decarbonization and Renewable-powered Manufacturing: Heavy industry in MENA is transitioning to renewable energy to reduce emissions. This includes using green hydrogen and electrification to power manufacturing processes, helping meet climate targets. Development of Utility-scale Renewable Energy Projects: Large-scale solar and wind projects are expanding across the region, backed by government and private investment. These projects are crucial for increasing renewable energy capacity and reducing carbon footprints. Request a sample copy of the renewable energy market in the MENA region report. Report Synopsis Report Metric Details Base year considered 2024 Forecast period considered 2025-2030 Base year market size $26.8 billion Market size forecast $59.9 billion Growth rate CAGR of 14.4% for the forecast period of 2025-2030 Segments covered Source, End-Users, and Country Regions covered Middle East and North Africa Countries covered Egypt, Morocco, UAE, Jordan, Tunisia, Saudi Arabia, Oman, Algeria, and Kuwait Market drivers • Government-led strategies and energy diversification plans. • Abundant natural resources offering ideal renewable energy potential. • Growing energy demand and electrification of new sectors. • Energy export goals and the rise of green hydrogen. • Green hydrogen and ammonia production for export and domestic use. • Industrial decarbonization and renewable-powered manufacturing. • Development of utility-scale renewable energy projects. Interesting facts: Abundant Solar Potential in MENA: MENA receives 22% to 26% of the planet's solar radiation. Each square kilometer can generate the equivalent of 1 million to 2 million barrels of oil annually, potentially meeting half of the world's electricity needs. Mohammed bin Rashid Al Maktoum Solar Park: Located in Dubai, this is the world's largest single-site concentrated solar power (CSP) plant. It boasts a total capacity of 1 GW, with 600 MW from CSP and 400 MW from photovoltaic panels, and can deliver power continuously for 12 hours at night. Emerging startups: Yellow Door Energy Enerwhere Nour Energy Pylon Barq EV The report addresses the following questions: 1. What is the MENA renewable energy market's projected growth rate and size? The MENA renewable energy market is projected to reach $59.9 billion by the end of 2030, with a CAGR of 14.4%. 2. Which factors are driving the growth of the MENA renewable energy market? Abundant solar and wind resources across the region. Government initiatives and national energy transition plans (e.g., Saudi Vision 2030, UAE Energy Strategy 2050). Rising energy demand and the need to diversify from fossil fuels. International climate commitments and decarbonization targets. Investments in utility-scale renewable projects and green hydrogen development. 3. Which market segments are covered in the report? The MENA renewable energy market is segmented based on source, end-user, and country. Sources include hydropower, solar energy, wind energy, bioenergy, and others. End-users include residential, commercial and industrial. National estimates and forecasts are made for Egypt, Morocco, UAE, Jordan, Tunisia, Saudi Arabia, Oman, Algeria, Kuwait, and the Rest of MENA. 4. Which will be the dominant source through 2030? The hydropower segment in the MENA renewable energy market will continue to dominate through the end of the forecast period. 5. Which country has the largest market share? Egypt is expected to dominate the market, with a CAGR of 14.4%, reaching $19.8 billion by the end of 2030. Egypt has emerged as one of the leading players in the MENA region's renewable energy transition, demonstrating strong political commitment and strategic planning to diversify its energy mix. Historically reliant on fossil fuels, Egypt began pursuing large-scale renewable energy projects as part of its broader Vision 2030 strategy to ensure energy security, attract foreign investment, and reduce greenhouse gas emissions. Solar energy has become a cornerstone of Egypt's renewable energy agenda. The country benefits from high solar irradiance, up to 3,000 kWh/m² per year in many areas, making it ideal for solar development. Egypt is home to the Benban Solar Park in Aswan, one of the largest solar installations in the world, with a total capacity of 1.8 GW. The park was developed under Egypt's Feed-in Tariff (FiT) program and has attracted substantial international financing and participation from major global energy players. The success of Benban has positioned Egypt as a model for public-private partnerships in solar infrastructure across the region. Related reports include: Renewable Energy: Technologies and Global Markets: This report reviews the global market for renewable energy technologies, focusing on power generation from sources like solar, wind, hydro, geothermal, ocean, and bioenergy. It presents market size in both value and capacity, analyzes trends across technologies, applications, and regions, and includes data from 19 countries. The report also profiles 15 key vendors and briefly touches on secondary uses like heating and lighting, while maintaining a primary focus on electricity generation. Green Hydrogen: Global Markets: This report explores the global green hydrogen market, segmented by technology, power source, end-use industry, and region. It provides market size in both value and volume, and includes competitive analysis based on company market share and revenue. The focus is on hydrogen production through water electrolysis powered by renewable sources like wind and solar, with emphasis on alkaline and PEM electrolyzer technologies. Hydrogen produced using non-renewable energy sources is excluded. The report also covers market dynamics, emerging technologies, and global industry developments. Purchase a copy of the report direct from BCC Research. For further information on any of these reports or to make a purchase, contact info@ About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help you make informed business decisions free of noise and hype. Contact UsCorporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USAEmail: info@ +1 781-489-7301For media inquiries, email press@ or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo: View original content to download multimedia: SOURCE BCC Research LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Web Release
25-06-2025
- Automotive
- Web Release
VinFast VF 8 can help accelerate the UAE's Green Vision
As the UAE accelerates its vision to become a global leader in smart cities and sustainable innovation, VinFast presents the VF 8 as a game-changing solution for modern urban mobility. With Dubai and Abu Dhabi spearheading advancements in artificial intelligence, autonomous technology, and clean energy, the VF 8 aligns seamlessly with the nation's strategic direction. Designed as an all-electric SUV that blends luxury with intelligence, the VF 8 offers a seamless mobility experience that caters to both the tech-savvy and environmentally conscious consumer. Standout ADAS features—including highway and city driving assistance, forward collision warnings, emergency braking, and driver drowsiness alerts—provide peace of mind on every journey. Equipped with a future-ready over-the-air update capability, the VF 8 is built to navigate the evolving urban landscapes of tomorrow. The VF 8 also introduces innovative well-being-oriented amenities such as air ionization, ventilated seats with eco-leather upholstery, and advanced cabin air filtration, catering to the region's green and health-conscious lifestyle. Its zero-emission performance and compatibility with renewable energy infrastructure echo the UAE's sustainability goals, including Dubai's 2040 Urban Master Plan and the UAE Net Zero 2050 initiative. Whether commuting through the smart traffic networks of Dubai or integrating with Abu Dhabi's growing EV grid, the VF 8 advances the future of responsible mobility. By introducing smart and eco-friendly vehicles like the VF 8—envisioned as a platform for innovation, sustainable mobility, and environmental responsibility—VinFast affirms its commitment to supporting the UAE's smart city ambitions. In a region where tech-forward living is rapidly becoming the norm, the VF 8 enhances everyday driving through intuitive interfaces, a virtual assistant, and smartphone app controls for remote vehicle access, monitoring, and personalized settings. These features complement the UAE's move toward digital living and mobility as a service (MaaS). By combining performance, safety, and sustainability, the VF 8 is uniquely suited to support the UAE's evolving infrastructure, where electric mobility and climate-conscious choices are central to national development. As VinFast expands its footprint in the Middle East, the VF 8 stands as a symbol of innovation with purpose.
Trade Arabia
20-03-2025
- Business
- Trade Arabia
Wood launches energy transition centre in Abu Dhabi
Wood, a global leader in consulting and engineering, has announced the launch of a highly specialist centre for technical, strategic and economic energy transition solutions in Abu Dhabi. The 'energy transition hub' directly serves clients in the Middle East region, bringing together the advisory and technical expertise required to deliver energy diversification and net zero goals, the company said. The hub's collective of technical experts specialise in carbon advisory, renewable energy, hydrogen, carbon capture and storage and renewable power generation and decarbonisation at large. By creating a dedicated, in-region advisory and execution team, Wood will help clients to integrate transition solutions including flare and emission reduction and asset emissions reviews, it said. The launch of the hub follows critical focus on achieving regional objectives, including UAE Net Zero 2050 and Saudi Vision 2030. This initiative aligns with Wood's strategic growth ambitions and addresses the escalating demand for sustainable energy solutions, with capital project investment in clean energy in the region anticipated to triple within the next five years. Gerry Traynor, President of Projects Eastern Hemisphere, said: 'By listening to our clients, we have shaped the new energy transition hub into a unique, full-service offering that supports their decarbonisation goals and meets the Middle East's demand for sustainable energy solutions. 'With global investment in the energy transition surpassing $2 trillion, Wood's experts will play a key role in advancing pragmatic, scalable and sustainable energy solutions for our clients and the region for many years to come. The establishment of our Hub underscores our commitment to supporting the region's critical part in the global energy transition.' - TradeArabia News Service
Hi Dubai
11-02-2025
- Automotive
- Hi Dubai
Dubai Unveils Innovative 3D-Printed 'Rail Bus', Set to Carry 40 Passengers per Trip
Dubai is introducing an innovative mode of public transport: the Rail Bus, a fully 3D-printed, solar-powered vehicle made from recyclable materials, the Roads and Transport Authority (RTA) announced on Monday. Currently in development, the autonomous bus aims to revolutionize urban mobility in the emirate. A model of the Rail Bus is on display at the World Government Summit 2025 at Madinat Jumeirah, drawing attention with its striking gold and black exterior. Inside, it features two rows of orange seats, with space for disabled passengers, ensuring inclusivity for all. Each carriage offers 22 seats and can accommodate up to 40 passengers. Real-time journey updates, including next stops and weather, will be available on screens above the seats, with passenger safety instructions and control panels at both ends of the carriage. The Rail Bus is designed for cost-effectiveness and eco-friendliness. Running on elevated tracks, it will be integrated into existing public transport networks to enhance connectivity. With a top speed of 100 km/h, the bus will be fully solar-powered and autonomous, supporting Dubai's vision to become the world's smartest city. The project aligns with several national strategies, including the UAE Net Zero 2050 and Dubai's Zero-Emissions Public Transport Strategy 2050. The lightweight 3D-printed structure minimizes environmental impact while maximizing efficiency. News Source: Khaleej Times
Trade Arabia
05-02-2025
- Business
- Trade Arabia
A1RWATER, Fairmont Bab Al Bahr achieve water from Air milestone
A1RWATER, a global leader in atmospheric water generation (AWG), has reached a significant milestone in its partnership with Fairmont Bab Al Bahr, generating 704,846 litres of water from the air since 2023. Together, A1RWATER and Fairmont Bab Al Bahr have made significant strides in reducing plastic waste and lowering the hotel's carbon footprint, eliminating the production of 1,409,692 single-use plastic water bottles (500 ml) and mitigating 116.3 metric tonnes of carbon emissions; aligning with key governmental initiatives including the UAE Circular Economy Policy and UAE Net Zero 2050, said a statement. Leveraging A1RWATER's state-of-the-art technology, Fairmont Bab Al Bahr has effectively harnessed the moisture in the air to prevent 8,456 kg of plastic waste from entering the hotel, and ultimately the world's landfills and oceans. These efforts are also contributing to a key global objective in the United Nations' Sustainable Development Goals (UN SDGs). A1RWATER's technology employs advanced HEPA filtration, UV, and carbon purification processes to ensure premium, mineralised drinking water without the waste associated with traditional groundwater extraction and reverse osmosis systems. Alex Guy, Founder & CEO of A1RWATER, commented: 'Our partnership with Fairmont Bab Al Bahr is a powerful testament to what is possible when innovation meets sustainability. By generating clean water directly from the atmosphere, we are not only addressing critical water scarcity challenges in MENA but also championing a future free of single-use plastics and excess carbon. This collaboration reflects our unwavering commitment to advancing the UAE's leadership in sustainability, aligning with national initiatives like the UAE Net Zero 2050 strategy and global SDGs. At A1RWATER, we are proud to lead the charge in redefining how we source and consume water – because the time for transformative action is now.' The collaboration is also timely given regional challenges around water scarcity. According to the World Bank, the MENA region is projected to face severe water shortages, with water availability falling below the critical threshold of 500 cubic metres per person per year by 2030. With more water in the atmosphere than in rivers worldwide, A1RWATER's cutting-edge air-to-water technology offers a sustainable solution to this looming crisis while also aligning itself with the UAE Water Security Strategy 2036 to help ensure sustainable access to water during both normal and emergency conditions. Shamsudheen Thekkepattayil, Director of Environmental, Health & Safety at Fairmont Bab Al Bahr, Abu Dhabi, added: 'Sustainability has been at the heart of our operations. Working with A1RWATER has allowed us to take bold steps in reducing our environmental footprint while ensuring our guests enjoy the highest quality drinking water. This partnership exemplifies responsible luxury hospitality and demonstrates our alignment with the UAE's vision for a greener, more sustainable future.' A1RWATER's contributions to the UAE extend beyond hospitality. To date, the company has generated over 3.6 million litres of water for schools, hotels, private companies, government offices, and Dubai Metro stations. These efforts have replaced more than 7.2 million single-use plastic bottles and mitigated 555 metric tonnes of CO2 emissions, underscoring the brand's commitment to environmental stewardship, the company said. – TradeArabia News Service
