Middle East energy transitions are picking up speed. Driven by well-designed auctions, favorable financing conditions and declining technology costs, renewables are being brought into the mainstream. The Middle East is set to become a market leader in renewable energy. Up to 90GW of renewable energy capacity, mainly solar and wind power, is planned across the MENA region over the next 10 to 20 years. Renewable energy will account for 34% of total power sector investments across the MENA region over the next five years.
The smarter E South America 2021 has closed the doors after triumphant three days. Despite all challenges the Covid-19 pandemic still offers, more than 250 exhibitors, 31,500 square meters of exhibition space and around 28,000 visitors from 29 countries underline The smarter E South America’s leading market position in Latin America.
The Brazilian Photovoltaic Solar Energy Association (ABSOLAR) has declared that Brazil installed more solar in 2020 than ever before. In 2020, installations grew to a record 3,150 MW, of which 2,540 MW was in distributed generation and 618 MW was in centralized generation.