INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Middle East and Africa may add 14 GW of wind power capacity

GWEC has estimated that 557 GW of new wind power capacity, with onshore accounting for 84 percent, will be added globally in the next five years under current policies.
  • Between 2022 and 2026, South Africa (5.4 GW), Egypt (2.2 GW), Morocco (1.8 GW) and Saudi Arabia (1.3 GW) would lead the new wind capacity addition
  • The report said 2021 was the second-best year ever for the global wind industry after 2020 with almost 94 GW of capacity added

The Middle East and Africa can add 14 gigawatts of new wind power capacity in the next five years, according to latest Global Wind Report by the Global Wind Energy Council (GWEC).

Between 2022 and 2026, South Africa (5.4 GW), Egypt (2.2 GW), Morocco (1.8 GW) and Saudi Arabia (1.3 GW) would lead the new wind capacity addition, the report said.

Onshore installations in the region increased by 120 percent in 2021, the report noted.

GWEC has estimated that 557 GW of new wind power capacity, with onshore accounting for 84 percent, will be added globally in the next five years under current policies.