Dr Ahmed Ali Attiga: Energy transition in full swing
Mena energy investments to top $805bn by 2025: Apicorp
DAMMAM, Saudi Arabia, 23 days ago Overall planned and committed investments in the Mena region will exceed $805 billion over the next five years, said the Arab Petroleum Investments Corporation (Apicorp) in its Mena Energy Investment Outlook 2021. This marks a $13 billion increase from the $792 billion estimate in last year’s five-year outlook. The report attributes this modest rise to four factors: A strong confidence in the rebound of global GDP, rising energy demand, the comeback of Libyan projects– which alone accounts for around $10 billion in planned projects – and the accelerated pace of renewables in the region. Per current estimates, Mena will add 3GW of installed solar power capacity in 2021 alone – double that of 2020 – and 20GW over the next five years.
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.
Dr Ahmed Ali Attiga: Energy transition in full swing
Mena energy investments to top $80bn by 2025: Apicorp
DAMMAM, Saudi Arabia, 4 hours, 16 minutes ago Overall planned and committed investments in the Mena region will exceed $805 billion over the next five years, said the Arab Petroleum Investments Corporation (Apicorp) in its Mena Energy Investment Outlook 2021. This marks a $13 billion increase from the $792 billion estimate in last year’s five-year outlook. The report attributes this modest rise to four factors: A strong confidence in the rebound of global GDP, rising energy demand, the comeback of Libyan projects– which alone accounts for around $10 billion in planned projects – and the accelerated pace of renewables in the region. Per current estimates, Mena will add 3GW of installed solar power capacity in 2021 alone – double that of 2020 – and 20GW over the next five years.
4 May 2021 18:58 GMT Updated 4 May 2021 18:58 GMT in Singapore
Middle East and North Africa energy investments are forecast to exceed $805 billion over the next five years (2021 to 2025), according to The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution.
Apicorp’s latest MENA energy investment outlook see only a modest $13 billion increase in committed and planned energy investments compared to last year’s outlook, however renewables surge to claim an almost 40% share of the estimated $250 billion in power sector investments.
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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.