London, UK — The Middle East is moving towards investing $75.63 billion in renewable energy projects until 2030, according to a new report.
The report, released today by the Energy Industry Council, showed that these investments include 116 renewable energy projects, which are expected to be operational between 2025 and 2030.
These projects include solar generation, onshore wind, hydropower, hydrogen production, carbon capture, use and storage, geothermal energy, energy storage systems and batteries.
Large solar projects, such as the fifth phase of the Rashid bin Mohammed Al Maktoum Solar Park, are making significant progress.
Ryan McPherson, Regional Director of the Energy Industries Council for the Middle East and Africa, said: “The Middle East is a pivotal region for the energy industry, and the number of clean energy projects underway makes the region even more important in the years to come.
McPherson added: “At the Energy Industries Council, we are working hard to support the region’s energy transition through our project data, reports and industry events.”
