MENA Region's Clean Energy Developments: Solar Projects, Green Hydrogen Ambitions, and Investment Initiatives
Key Ideas
  • Iraq signs an agreement with TotalEnergies and QatarEnergy to develop a 1.25 GW solar project in Basra, contributing to clean energy supply for 350,000 homes.
  • Oman's United Solar Polysilicon secures support from IFC for a $1.6 billion polysilicon facility project in Sohar Port, enhancing the region's green energy production.
  • Algeria's green hydrogen initiatives backed by EU and German funding to boost renewable energy sources, aiming for 27% renewable energy in its mix by 2026.
  • Abu Dhabi's Masdar partners with Shanghai Electric for the Sadavi solar project in Saudi Arabia, marking a significant step towards achieving a total capacity of 2,000 MW.
In the Middle East and North Africa (MENA) region, several notable developments in clean energy have taken place recently. The Iraqi Ministry of Oil partnered with TotalEnergies and QatarEnergy to establish a large-scale 1.25 GW solar project in Basra. This project, set to be completed between 2025 and 2027, will provide clean energy to around 350,000 households in southern Iraq. Meanwhile, Oman-based United Solar Polysilicon received support from the International Finance Corporation (IFC) for its $1.6 billion polysilicon facility project located in Sohar Port. This initiative, with an annual production capacity of 100,000 tons, is a significant step towards enhancing green energy production in the region. Algeria, aiming to reduce its dependency on conventional energy sources, has laid out plans to develop renewable energy and green hydrogen projects. With financial assistance from the European Union and the German Federal Ministry, Algeria is working towards integrating more renewable energy sources into its energy mix, targeting 27% by 2026 and installing 15 GW by 2030. Additionally, Shanghai Electric has collaborated with Masdar for the Sadavi solar project in Saudi Arabia under the National Renewable Energy Program. This project, part of Round 5, is expected to provide a total capacity of 2,000 MW and signifies a significant milestone for Shanghai Electric in the region's renewable energy sector.
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