The Middle East is witnessing a rapid expansion in its renewable energy and clean tech sectors as several countries in the region strive for economic diversification beyond oil and gas. Solar energy is anticipated to account for more than 85 percent of this capacity growth as countries capitalize on their abundant sunlight. Together, these nations are projected to contribute approximately 90 percent of the region’s renewable energy capacity growth. The project includes plans for a clean industrial hub called Oxagon, featuring the “world’s largest green hydrogen facility” at a cost of $8.4 billion. Meanwhile, the UAE is pursuing its renewable energy goals, aiming for a renewable energy mix of 44 percent by 2030.

Source: The North Africa Journal May 20, 2024 06:54 UTC