Countries in the Middle East and North Africa (MENA) have increased their solar energy capacity in 2023 by 23% year-on-year, with Egypt one of the standout nations. The Middle East Solar Industry’s (MESIA) Solar Outlook Report 2024, said the region is experiencing a growing focus on renewable energy, particularly solar PV. Egypt, Morocco lead the wayStill, there has been a focus on investing in renewable energy projects. Solar energy investors have achieved a competitive rate of two US cents per kWh, while wind energy projects stand at 2.45 cents per kWh. TunisiaThe government is investing over a billion dollars in renewable energy projects, intending to reach 1,700MW of renewable energy production capacity by 2025.

Source: The North Africa Journal May 02, 2024 12:47 UTC