The Arab states are planning a giant wind and solar expansion. Capacities will increase sixfold

By 2030, the installed capacity of wind and photovoltaic power plants in the Arab States is expected to reach 80 gigawatts. This is the nine-year-old commitment announced by the Arab League. Countries are on track to comply.

GEM predicts an increase in PV capacity

In the Middle East and Arab countries of North Africa, wind and photovoltaic capacity could increase approximately six-fold over the next eight years. From the current 12.1 to approximately 73 gigawatts. This is the prediction of the non-profit research organisation Global Energy Monitor.

Projects with an installed capacity of around 7.6 gigawatts are currently under construction in these countries and are expected to be completed shortly. Other projects that would add more than 65 gigawatts are in the pipeline.

Egypt is a leader in renewable energy

It is thus likely that by 2030, the installed capacity of wind and photovoltaic power plants will be significantly closer to the 80 gigawatts committed to by the Arab League in 2013. Egypt is the current leader in renewables with 3.5 gigawatts of installed capacity. This is followed by the United Arab Emirates (2.6) and Morocco (1.9).

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Bitlifi Review: A Simple Bitcoin Wallet or a Risk to Your Savings?

Bitlifi has been appearing more frequently in search results...

Porsche’s global sales fell by 15 percent in the first quarter

Global sales of German luxury sports car manufacturer Porsche...

What Is Fiat Money and Why It Has Value

Fiat money forms the foundation of the modern economy....

Licensed crypto services provider crypto4me simplifies cryptocurrency purchasing

Crypto services provider crypto4me has, shortly after launching its...

Who Is Satoshi Nakamoto? New Evidence Links Bitcoin to a British Cryptographer

The mystery that has fascinated the crypto world for...
spot_img

spot_imgspot_img