8.7% during the forecast period, states
Fortune Business Insights™ in its report, titled “
Middle East and CIS Power Generator Rental Market, 2021-2028”. The report also states that the value of the market stood at
USD 2.54 billion in 2020.
Rising Investments in Renewables in the Middle East to Boost Market Growth
The oil-rich countries of the Middle East are taking active steps to wean their economies off the dependence on hydrocarbons to renewable, clean energy sources. As a result, investments in renewables in Middle Eastern countries have been steadily increasing. According to the International Renewable Energy Agency (IRENA), the Arab countries invested just USD 1.2 billion in renewables in 2008; in 2016, these investments stood at USD 11 billion in the region. Similarly, in its World Energy Investment Report 2020, the International Energy Agency (IEA) has reported that countries in the Middle East have reduced their spending on gas-fired power generation systems. P
Servo Drive Market to Register 6 4% CAGR till 2027; Emerging Demand for Energy from Developing Countries to Stoke Market Growth: Fortune Business Insights™
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Servo Drive Market to Register 6 4% CAGR till 2027; Emerging Demand for Energy from Developing Countries to Stoke Market Growth: Fortune Business Insights™
padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
•Bioenergy Market to Gather Momentum; Xebec Adsorption Inks Deal with Bähler Biogas to Construct Renewable Natural Gas Plant in Quebec: Fortune Business Insights™
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Wednesday, 03 Mar 21
Vestas has bolstered its Swedish pipeline with a 67 MW order for the Grönhult project in southwest Sweden from The Renewables Infrastructure Group (TRIG). The company will supply, install and commission 12 V162-5.6 MW turbines, part of Vestas’ EnVentus platform.
Advertisement
A long-term 30-year Active Output Management 5000 (AOM 5000) service agreement will provide maximum security for the Grönhult project throughout its lifetime, by optimising park performance and limiting downtime.
The Grönhult project was acquired by TRIG from Vattenfall in February 2021, and is ready-to-build. The project is located in the Gislaved region in southwest Sweden, and will provide clean, sustainable wind power for over 20 000 Swedish households.