Renewable Energy Growth and Hydrogen Projects in MENA Region
Key Ideas
- The MENA region saw a significant growth in renewable energy capacity to 30.3 GW by the end of 2024, with the UAE leading with 6.3 GW installed capacity.
- Solar MENA accounts for 22.3 GW of solar power capacity, with notable projects like the Mohammed bin Rashid Al Maktoum Solar Park in the UAE and the Al Dhafra project in Abu Dhabi.
- The region has 117 hydrogen projects in the pipeline, with a focus on green hydrogen, aiming to generate between 30 to 40 million tons of production capacity annually.
- Renewable energy targets for 2030 in MENA include a goal of 236 GW for solar and wind, with countries like Saudi Arabia, Oman, and Egypt having specific installation targets for renewable energy projects.
The MENA region has witnessed a remarkable growth in renewable energy capacity, reaching 30.3 GW by the end of 2024, showing a 119% increase from 2020. The United Arab Emirates leads with 6.3 GW installed capacity, driven by projects like the Mohammed bin Rashid Al Maktoum Solar Park. Solar power dominates with 22.3 GW capacity, including large projects such as the Al Dhafra project in Abu Dhabi. Wind power capacity stands at 6.2 GW, with countries like Egypt and Morocco having over 2 GW installed each. The region is also actively developing hydrogen projects, with 117 in the pipeline, predominantly focusing on green hydrogen. MENA has set ambitious renewable energy targets for 2030, aiming for 236 GW capacity in solar and wind. Saudi Arabia, Oman, and Egypt have specific installation goals. The region is looking to produce 10 million tons of green hydrogen annually by 2030, requiring additional renewable energy capacity. Energy storage is also gaining momentum, with both operational and upcoming projects enhancing the region's renewable energy infrastructure.
Topics
Electrolyzer
Renewable Energy
Solar Power
Energy Storage
Wind Power
Project Developments
MENA Region
Renewable Energy Targets
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