MENA's Renewable Energy Revolution and Hydrogen Ambitions
Key Ideas
- MENA's renewable energy capacity has skyrocketed from 1 GW to over 30 GW, with ambitious projections to reach 131 GW by 2030.
- The region is leading in hydrogen projects, with over 110 initiatives, mainly focused on green hydrogen, aiming for 10 Mtpa production by 2030.
- Saudi Arabia is heavily investing in renewables, with 9 GW under construction and significant hydrogen and carbon capture projects.
- The UAE stands out with a diverse range of clean energy projects, including solar, battery storage, and a national strategy for hydrogen production.
The MENA region has made significant strides in renewable energy and hydrogen development, with a rapid expansion of renewable capacity from 1 GW to over 30 GW. The Desertech Industrial Initiative's latest report underscores the region's commitment to energy transition targets and documents the substantial investments made in renewables, hydrogen, and energy storage. The UAE, in particular, has emerged as a leader with multiple large-scale solar projects and plans for green hydrogen production. Despite challenges such as regulatory uncertainties and high costs, MENA countries continue to show dedication to green hydrogen, with Saudi Arabia setting ambitious targets for both renewable energy and hydrogen production. The article also highlights the UAE's comprehensive approach to clean energy, including solar, battery storage, and a national hydrogen strategy, demonstrating the region's potential to become a global powerhouse in sustainable energy.