IRENA: MENA leadership in renewable energy development

IRENA: MENA leadership in renewable energy development

The International Renewable Energy Agency (IRENA) has confirmed that many countries in the Middle East and North Africa have become world leaders in the development of renewable energy.

This contributed to the rise of solar energy prices to a world record recently. The cost of producing for a MWh per hour reached $ 17.8 at Sakaka project in Saudi Arabia, while a MWh averaged between $ 24.2 and $ 29.9 in Abu Dhabi and Dubai!

IRENA stated that MENA recognize the social and economic benefits of renewable energy deployment, which is seen as an opportunity for industrial diversification and acquiring the added value of technology transfer.

In Morocco, the local industry has evolved through raising capabilities in the field of solar water heaters, so create 13,000 new jobs, as well as the construction of the world’s largest solar complex, where manufacturing tasks account for 42% from the domestic production.

About Author

Aasem Abuzeid

Aasem Abuzeid is the Director for MENA Region. Aasem acts as a leading marketer in the Arabic speaking countries. He is also the administrator and developer of NBN.Media.