MENA's Rise as a Renewable Energy Hub: Green Ammonia and Metal Processing Key Players
Key Ideas
  • Middle East and North Africa set to lead global renewable energy production in the next 25 years, focusing on green energy ecosystems.
  • Green ammonia and metal processing to drive renewable power generation capacity growth in MENA.
  • Renewable energy export potential to Europe and India through undersea interconnections.
  • Forecasted $130 billion annual revenue from MENA clean hydrogen exports by 2050.
The Middle East and North Africa (MENA) region is primed to become a significant player in renewable energy production, with countries like Morocco, the UAE, and Jordan leading the way in developing green energy ecosystems powered by renewable sources. Green ammonia and metal processing are highlighted as key catalysts for expanding renewable power generation capacity in the region. The development of green energy ecosystems in MENA aims to create international supply chains for green hydrogen, minerals, metals, fertilizers, and other manufactured goods, all produced using renewable energy resources. Several countries in the region are investing in dedicated renewable power generation facilities to increase the likelihood of exporting renewable energy to Europe and India through undersea electricity interconnections. The potential for green ammonia as a carrier for renewable energy export is also emphasized, with opportunities for diversifying supply chains and meeting global demand for clean energy. Noteworthy projects, such as the Morocco-to-UK Xlinks interconnector and discussions for an Arabian Peninsula-to-India interconnection, illustrate the growing interest in cross-border electricity interconnections. Green ammonia production plants are strategically aligning renewable power generation capacity with storage and transportation mechanisms to maximize the export potential of renewable energy sources. Overall, the MENA region is expected to earn $130 billion annually from clean hydrogen exports by 2050, further solidifying its position as a key player in the global renewable energy market.
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