APICORP’s (
www.APICORP.org),
latest MENA energy investment outlook sees a modest USD13 bn rise in committed and planned energy investment compared to previous year’s outlook; Renewables claim a significant share of almost 40% the estimated USD250 bn in power sector investments; Committed Gas investments projected to fall by USD9.5 bn to USD75 billion after completion of several megaprojects in 2020; An evolution in regulations is needed for MENA region to realize its energy storage potential; Additional capacity – particularly from renewables – will make power trading a more commercially viable option in MENA; MENA can emerge as a major blue and green hydrogen-exporting region thanks to low-cost gas resources and strong renewable energy progress.
www.APICORP.org),
latest MENA energy investment outlook sees a modest USD13 bn rise in committed and planned energy investment compared to previous year’s outlook; Renewables claim a significant share of almost 40% the estimated USD250 bn in power sector investments; Committed Gas investments projected to fall by USD9.5 bn to USD75 billion after completion of several megaprojects in 2020; An evolution in regulations is needed for MENA region to realize its energy storage potential; Additional capacity – particularly from renewables – will make power trading a more commercially viable option in MENA; MENA can emerge as a major blue and green hydrogen-exporting region thanks to low-cost gas resources and strong renewable energy progress.
APICORP: Middle East and North Africa (MENA) energy investments to exceed USD805 bn over next five years africanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanews.com Daily Mail and Mail on Sunday newspapers.