Renewables Market to Expand Robustly in 2021 by Nidhi is published on MW Creators of 4 December 2021. Some details of this renewables market particularly amongst certain MENA nations are reviewed and found to Expand Robustly in 2021. Excerpts are below.
The above image is for illustration and is of Enterprise as related to the same topic.
It is the Latest Study on the Industrial Growth of the Middle East and North Africa (MENA) Renewables Market 2021-2027.
A detailed study accumulated to offer Latest insights about acute features of the MENA’s Renewables market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.
The report provides a comprehensive review of the trends, opportunities and challenges in Middle East’s fast-changing renewable energy sector. Updated in April 2020 to reflect the huge disruption caused by the Covid-19 pandemic, the report looks at the immediate impact of the virus on the regional energy market, and its impact on the region’s ambitious plans to develop solar, wind and waste-to-energy projects in the region. The report looks at the long-term investment plans as well as the current project opportunities planned or under development across the region.
Mena Renewables 2020 with Covid-19 update is the latest premium market report from MEED, the leading provider of Middle East business intelligence.
The report provides a comprehensive country-by-country review of the renewable energy sector across the Mena region with in-depth analysis of projected investments, policy and legislative frameworks, and the projects planned and under way.
It also details the key government bodies driving the development of renewables in each country.
Written by MEED, the Middle East market experts within the HTF MI Group, the report is a valuable asset for anyone seeking to do business in the Middle East’s energy sector that will help in shaping business development and strategy in the region.
Updated in April 2020, the report looks at the impact of Covid-19 on the renewable energy sector in the Middle East and North Africa, and what that means for business and investment in the region.
Middle East renewable energy ambitions face new challenges
The de-facto shutdown of much of the global economy in the first four months of 2020 caused by measures to stop the spread of coronavirus (Covid-19) is challenging many of the drivers of business growth and investment in the Middle East and North Africa. The collapse of oil prices and fall in tourism and consumer spending has raised deep questions about some of the region’s highest growth sectors.
One sector that shows no sign of disappearing is renewables. While the supply chain for projects has been disrupted, and the commercial model for privately finance power plants has been upset, the region remains committed to diversifying is energy sources and lowering its costs through renewables.
With about 28GW of renewable energy production capacity installed across the Middle East and North Africa (Mena), of which by far the biggest component is hydropower with 21GW, renewable energy represents only 7 per cent of the region’s power generation capacity. But with electricity demand rising at about 5 per cent a year, and with a shortage of readily available natural gas supplies, expanding renewables capacity is now one of the top policy priorities for governments in the region.
Boosted by falling technology costs and the drive to reduce carbon dioxide emissions, most countries are planning and procuring solar and wind projects. Across the region, governments have set ambitious clean energy targets, with Dubai the most aggressive, aiming for 75 per cent of its energy to come from clean sources by 2050. At the start of 2020, about 98GW of new renewable energy generation capacity was planned across the region, with 39GW of additional capacity due to come on stream by 2025.
The latest edition of Abu Dhabi’s World Future Energy Summit (WFES) in January 2020, highlighted the strides that have been taken in the region, and particularly by the UAE, to play a leading role in the transition from unsustainable carbon-production to sustainable renewable energy.
Completion of the GCC’s first utility-scale renewables projects has increased confidence among governments, developers and financiers. This has reduced the cost of financing and delivering projects. The market also expects greater adoption of small and medium-scale schemes such as rooftop solar.
At present, it is countries with hydropower capabilities that have the highest renewables capacity. The landscape is changing rapidly however as a series of large-scale solar and wind projects are being delivered. But as renewables move from the fringes to the centre of the region’s energy eco-system, regulators, investors and consumers must overcome several structural and technical obstacles.
Regulatory reform is the biggest challenge facing renewables. Merging renewable energy, primarily photovoltaic solar power, into power grids requires policy adjustments and new regulations. This includes ensuring grid flexibility and stability, integrating new technologies such as battery-storage and electric vehicles, and establishing commercially-attractive business models. Another challenge is to break the link between electricity and water production that is hard-coded into the region’s utilities.
The hydrocarbon producing countries of the MENA region believe in their preeminent albeit shrinking source of revenues for decades. But, as shown by some counties of the Gulf net-zero recent pledge, they see economic and political opportunities in moving to the green energy transition. Accelerated renewables-based electrification paves the way for a post-fossil future by Nature Energy explains how the world and particularly the EU in order to achieve its climate and geopolitical goals, it will need to substantially increase its engagement with Gulf states.
Accelerated renewables-based electrification paves the way for a post-fossil future
The research was published in Nature Energy.
Cost-slashing innovations are underway in the electric power sector and could give electricity the lead over fossil-based combustion fuels in the world’s energy supply by mid-century. When combined with a global carbon price, these developments can catalyze emission reductions to reach the Paris climate targets, while reducing the need for controversial negative emissions, a new study finds.
“Today, 80 percent of all energy demands for industry, mobility or heating buildings is met by burning—mostly fossil—fuels directly, and only 20 percent by electricity. Our research finds that relation can be pretty much reversed by 2050, making the easy-to-decarbonise electricity the mainstay of global energy supply,” says Gunnar Luderer, author of the new study and researcher the Potsdam Institute for Climate Impact Research. “For the longest time, fossil fuels were cheap and accessible, whilst electricity was the precious and pricier source of energy. Renewable electricity generation—especially from solar photovoltaics—has become cheaper at breath-taking speed, a pace that most climate models have so far underestimated. Over the last decade, alone prices for solar electricity fell by 80 percent, and further cost reductions are expected in the future. This development has the potential to fundamentally revolutionize energy systems. Our computer simulations show that together with global carbon pricing, green electricity can become the cheapest form of energy by 2050, and supply up to three quarters of all demand.”
The reasons lie mainly in the ground-breaking technological progress in solar and wind power generation, but also, in the end, uses of electric energy. Costs per kilowatt hour solar or wind power are steeply falling while battery technology e.g. in cars is improving at great speed. Heat pumps use less energy per unit of heat output than any type of boiler and are becoming increasingly competitive not only in buildings, but also in industrial applications. “You can electrify more end-uses than you think and for those cases actually reduce the energy consumption compared to current levels,” explains Silvia Madeddu, co-author and also researcher at the Potsdam Institute.
“Take steel production: Electrifying the melting of recycled steel, the so-called secondary steel, reduces the total process energy required and lowers the carbon intensity per ton of steel produced,” says Madeddu. “All in all, we find that more than half of all energy demand from industry can be electrified by 2050.” However, some bottlenecks to electrification do remain, the researchers point out. Slowest in the race to decarbonisation are long-haul aviation, shipping, and chemical feedstocks, i.e. fossil fuels used as raw materials in chemicals production.
Limiting the reliance on negative emissions
The scale of the technological progress holds great opportunities for countries to leapfrog and for investors alike. However, not every technology is a success story so far. “In this study, we constrained the reliance on technologies which aim at taking carbon out of the atmosphere, simply because they have proven to be more difficult to scale than previously anticipated: Carbon Capture and Storage has not seen the sharp fall in costs that, say, solar power has. Biomass, in turn, crucially competes with food production for land use,” Luderer lays out. “Interestingly, we found that the accelerated electrification of energy demands can more than compensate for a shortfall of biomass and CCS, still keeping the 1.5 degrees Celsius goal within reach while reducing land requirements for energy crops by two thirds.”
Era of electricity will come—but global climate policy must accelerate it to meet climate goals
“The era of electricity will come either way. But only sweeping regulation of fossil fuels across sectors and world regions—most importantly some form of carbon pricing—can ensure it happens in due time to reach 1.5 degrees,” Luderer says. Indeed, the simulations show that even if no climate policy at all is enacted, electricity will double in share over the course of the century. Yet in order to meet the goals of the Paris Agreement of limiting global warming to well below two degrees, decisive and global political coordination is crucial: pricing carbon, scrapping levies on electricity, expanding grid infrastructure, and redesigning electricity markets to reward storage and flexible demands. Here, hydrogen will be a crucial chain link, as it can flexibly convert renewable electricity into green fuels for sectors that cannot be electrified directly. “If these elements come together, the prospects of a renewables-based green energy future look truly electrifying,” says Luderer.
A Key Scenario for the Energy Transition in the MENA Region written by Roberto Vigotti could be a time-saver for all countries producing and nonproducing alike of hydrocarbon resources. Or as proposed by the IEA, it is a matter of Supporting the Middle East and North Africa countries to help them diversify their economies towards clean and low-carbon energy
The operations of the COP26 were closed just a couple of weeks ago, and it is now time to reflect upon relevant takeaways and how to translate them into action. Despite not being the theatre of the bold breakthrough we wished to see, Glasgow reiterated the importance of some key recommendations that, to this day, are our sharpest weapon in the fight against climate change: limiting the growth of the average temperature of the Earth below 1,5 °C, cutting by 45% the CO2 emissions before 2030, and pushing for a quick and worldwide deployment of renewable energy sources, acknowledging the importance of developing countries.
One of the clue scenarios of the recommended transformations is and will be the MENA region, for some self-explanatory reasons: MENA countries are endowed with an enormous renewable energy potential and a steady growth in their internal energy demand, making them illustrious candidates to lead the so yearned global energy transformation. This belief is reinforced by a positive trend of growth of some renewable energy sources in the Mediterranean countries: in the last decade, solar and wind power grew from less than 6% to 35% in the total amount of deployed renewables.
Nonetheless, the MENA’s contribution to the energy transition is still negligible: its share of renewable energy sources amounts to just 1% of the REs installed globally in the last 10 years with the lion’s share in the national energy mixes still being owned by fossil fuels. The data speak loud and clear: the majority of locally generated energy is based on gas and oil, which respectively amount to 72% and 20% of the total. In addition to the obvious environmental repercussions, the economy and internal welfare of many MENA countries is still tightly bound to fossil fuels, which provide more than a half of the national fiscal revenues in many countries (peaking In Kuwait, with approximately 90%), and are still largely financed by public institutions. Finally, the situation is worsened by the vulnerability to climate change: the local environmental features are a natural pre-condition for extreme weather phenomena, such as droughts, temperature raise, etc.
Hence, many trends of the MENA region appear to be in stark contrast with the recommendations outlined in the COP26, despite some isolated encouraging changes. It is urgent and overriding for local decision-makers to drastically re-shape the local approach to generation, transmission and distribution of energy, as well as related policy frameworks and market segments.
In this direction goes the last report produced by RES4Africa Foundation (“Connecting the Dots, 10 Years of Renewable Energy in MENA: What Has (not) Happened?”). In addition to portraying the current energy status quo of the MENA region, the analysis advocates for a fact-based shift towards renewable energy. The starting point would be the formulation and implementation of far-sighted energy policies, characterised by an adequate degree of boldness without losing touch with the reality: bright examples are Morocco, Jordan and Egypt. The regulatory framework should also be welcoming for private investments in REs, which are crucial to expand the energy access while simultaneously pushing for innovation, exchange of best practices, and a stimulation towards digitalisation and efficiency in MENA energy infrastructures. Complementary to these reforms should be safeguarding the transparency of local markets, thanks to new independent energy institutions and clear tender procedures.
The final step of such a virtuous process will be a progressive reduction of subsidies dedicated to fossil fuels: it is an ambitious and tricky target, especially considering the fact that a consistent part of oil and gas sources In MENA countries is still unexploited. However, we are confident that the renewable sector, if properly boosted and reformed, will provide incommensurably higher benefits, creating fertile soil for the energy transition and its related social and economic improvements.
This goal can be achieved just with a constant and structure cooperation with the MENA countries: let’s roll up our sleeves and work together for a sustainable tomorrow.
Roberto Vigotti is the Secretary General of RES4Africa Foundation, which gathers more than 30 stakeholders to accelerate the renewable energy transformation in Africa, with Africa and for Africa. In his 30+ year-long career he has covered various positions at Enel, University of Pisa, IEA and IRENA. When it was still considered an unlikely option, he was already convinced that deploying renewable energy in Africa would result in a positive socioeconomic impact for its population. In 2012, he therefore embarked on the RES4Africa adventure, to support a wider participation of private players in delivering investments in Africa. He also coordinates renewAfrica, an industry-backed Initiative that advocates the creation of a European comprehensive Programme for RE investments in Africa, to be promoted and owned by EU institutions
Greening deserts in which India powers renewable energy ambitions with solar push could be a good inspiring move for all those countries of the MENA region. An initiative commensurate with this country’s Prime Minister’s words at the COP26.
Greening deserts: India powers renewable energy ambitions with solar push.
The image above is of The arid state of Rajasthan, where Bhadla Park takes up an area almost the size of San Marino, sees 325 sunny days each year, making it perfectly placed for the solar power revolution, officials say. Image by Money Sharma/AFP via Getty Images
The arid state of Rajasthan sees 325 sunny days each year, making it perfectly placed for the solar power revolution
As camels munch on the fringes of Thar desert, an oasis of blue solar panels stretches further than the eye can see at Bhadla Park—a cornerstone of India’s bid to become a clean energy powerhouse. Currently, coal powers 70 percent of the nation’s electricity generation, but Indian Prime Minister Narendra Modi has pledged that by 2030, India will produce more energy through solar and other renewables than its entire grid now.
“First, India will increase its non-fossil energy capacity to 500 gigawatts… Second, by 2030, 50 percent of our energy requirements will come from renewable resources,” Modi told the COP26 climate summit in Glasgow.
The arid state of Rajasthan, where Bhadla Park takes up an area almost the size of San Marino, sees 325 sunny days each year, making it perfectly placed for the solar power revolution, officials say.
Once an expanse of desert, authorities have capitalised on the sparsely populated area, claiming minimal displacement of local communities. Today robots clean dust and sand off an estimated 10 million solar panels, while a few hundred humans monitor.
This pursuit of a greener future is fuelled by necessity.
India, home to 1.3 billion people and poised to overtake China as the most populous country, has a growing and voracious appetite for energy—but it is also on the frontline of climate change.
In the next two decades, it has to add a power system the size of Europe’s to meet demand for its swelling population, according to the International Energy Agency (IEA), but it also has to tackle toxic air quality in its big cities.
“India is one of the most vulnerable countries in the world for climate change and that is why it has this big push on renewables to decarbonise the power sector, but also reduce air pollution,” Arunabha Ghosh, climate policy expert from the Council on Energy, Environment and Water, told AFP.
But experts say the country—the world’s third-biggest carbon emitter—is some way from reaching its green targets, with coal set to remain a key part of the energy mix in the coming years.
Although India’s green energy has increased five-fold in just over a decade to 100GW this year, the sector now needs to grow by the same proportion again to meet its 2030 goals.
“I believe this is more of an aspirational target… to show to the world that we are moving in the right direction,” Vinay Rustagi from renewable energy consultancy Bridge to India, told AFP.
“But it would be a big stretch and seems highly unrealistic, in view of various demand and supply challenges,” Rustagi said.
Proponents point to Bhadla Solar Park, one of the largest in the world, as an example of how innovation, technology, and public and private finance can drive swift change.
“We’ve huge chunks of land where there’s not a blade of grass. Now you don’t see the ground anymore. You just see solar panels. It’s such a huge transformation,” Subodh Agarwal, Rajasthan’s additional chief secretary for energy, told AFP.
Authorities are incentivising renewables firms to set up in the region, known as the “desert state”. Agarwal says demand has “accelerated” since 2019.
“It will be a different Rajasthan. It will be the solar state,” he said of the next decade.
If this surge is sustained then coal-fired power for electricity generation could peak by 2024, according to Institute for Energy Economics and Financial Analysis (IEEFA) projections.
Currently, solar power accounts for four percent of electricity generation. Before Modi’s announcement the IEA estimated solar and coal will converge at around 30 percent each by 2040 based on current policies.
India’s billionaires, including Asia’s two richest men Mukesh Ambani and Gautam Adani, are pledging huge investments, while Modi is setting up a renewables park the size of Singapore in his home state of Gujarat.
Show me the money
But reshaping an entire power network takes time and money, analysts warn.
“India expects developed countries to provide climate finance of $1 trillion at the earliest. Today it is necessary that as we track the progress made in climate mitigation, we should also track climate finance,” he told more than 120 leaders at the critical talks.
Farmer and doctor Amit Singh’s three-acre family farmland in Rajasthan’s Bhaloji village was running out of water and hit by frequent power outages.
“I always saw the sun and its rays and wondered… why not harness it to generate electricity?,” he said.
Singh first installed rooftop panels at his small hospital which generated half of its energy needs.
He then invested family savings into a government-linked project on his land.
The mini-solar farm cost 35 million rupees ($450,000) and Singh sells electricity to the grid for 400,000 rupees a month.
“It’s the ultimate source of energy, which is otherwise going to waste… I feel I’m contributing to the developmental needs of my village,” he added.
Ghosh said it was vital to bring down costs.
“When a farmer is able to generate power from their solar plant near their farm and pump out water—we are then able to bring the energy transition closer to the people,” he added.
Pratibha Pai, the founder-director of Chirag Rural Development Foundation which has brought solar to more than 100,000 villagers, believes in clean energy’s transformative role.
She said: “We start with solar power… we end with safe drinking water, power for dark village roads, power for little rural schools which will hopefully script the story of a ‘big’ India.”
Op-ed: Solving the climate crisis requires more than switching to renewables—everyone needs equal access as suggested in the Environmental Health News of 2 November 2021 is literally nowadays a must if any agreements at the COP26 were to go through and above all last.
Environmental justice policy is the best path to energy equity.
This economic turning point is the next step in our global energy journey from wood to coal to oil to gas to renewables. Transitioning to 80% renewable electricity generation in the United States would alleviate an estimated 81% of the industry’s emissions. As a chemical engineer researching solar cell materials, the long-sought economic viability of solar energy is exciting to me—and long-awaited. But it only solves one of a laundry list of problems with the U.S. energy infrastructure, and it will not actually protect those most vulnerable to climate change.Stay in the know: sign up for the Agents of Change newsletter
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Black, Indigenous, and people of color (BIPOC) and low-income communities bear the brunt of climate change’s negative impacts, as discussed in-depth by the NAACP, Union of Concerned Scientists, Nature Conservancy, U.S. Environmental Protection Agency, and many more. However, renewable energy technologies like solar cells primarily benefit wealthy and predominantly white communities rather than the aforementioned environmental justice communities. Mandates, like the 2020 law in California, which requires all new homes built in the state to have solar panels, price low-income communities out of such housing due to high upfront costs of renewable technologies.
The pivot in U.S. energy infrastructure must be more than just adopting a few new technologies—we must completely change the system by centering environmental justice. Why? Because for centuries that system has disenfranchised and discriminated against BIPOC and low-income communities.
Racial wealth disparities require more than new tech to bridge gaps
Our capitalistic society exploits energy resources rather than equitably utilizing them. Environmental justice is intrinsically anti-capitalist in the sense that for everyone to have equal and just access to clean air, water, food, and energy, there must be some level of government regulation and oversight of these commodities due to unreliable resource access throughout different parts of the U.S.
Racial and ethnic inequality in energy access largely originates from housing inequality, which remains a paramount issue today. In 1934, the U.S. government established the Federal Housing Administration to administer loans to families looking to buy homes. Approximately 98% of the loans granted between 1934 and 1968 were given to white people, and this practice was known as (legally allowed) redlining, a form of segregation that still plagues cities around the country. White families purchased homes and accrued generational wealth while Black families mainly rented homes. This contributed to the racial wealth gap that today also affects all other BIPOC communities and results in stratification of energy and utility access.
Coupled with this were the discrimination and violence against Black people in the work force. Specifically, Jim Crow era segregation in the early- and mid-1900s made workplace discrimination in the government not only legal but encouraged, making it more difficult for Black people to hold well-paying civil service jobs. The effects of Jim Crow still resound today. The segregation and gap in generational wealth between white and BIPOC families determined what commodities and luxuries families could afford.
Because of this immense inequality, BIPOC households are more likely to suffer from energy poverty, whereby they pay a larger proportion of their income than average on utilities. This disparity stems from a lack of energy efficiency in homes accessible to BIPOC and low-income families. Additionally, BIPOC families have less reliable access to utilities, facing more frequent blackouts and utility shutoffs than white families.
None of these problems are intrinsically connected to the source of energy producing that electricity or heat. They are instead products of a racist, capitalist society that allows white wealth to prosper at the expense of racial equity and justice.
Corporate greed won’t change with a different energy product for sale
Oil companies have a history of concentrating their industry and environmental impact in BIPOC and low-income communities. ExxonMobil and other oil and gas companies spent decades convincing the public and the government of doubt surrounding anthropogenic climate change to ensure their pockets would stay full. While renewable energy sources like solar and wind could alleviate the harmful emissions and pollution that plague fence-line communities, many other environmental justice issues would remain unless other changes are made.
As a glimpse into this future, one renewable energy giant called NextEra Energy emerged in the last few years rather quietly, gaining significant ground economically and beginning to rival the market capitalization of oil behemoths like ExxonMobil. NextEra began as a utility company in Florida and has since expanded nationwide providing solar and wind to cities and states all over the country. While the growing popularity of a renewable energy company is exciting, their path to success feels eerily familiar.
They grew profits by slowly and quietly using federal tax credits to fund new solar and wind projects and growing in market valuation until they could significantly undercut other renewable energy companies’ prices, becoming the largest renewable energy company in the country. Their board is composed of mostly white and male leadership, and while they support environmental stewardship, none of their company objectives available on their website mention environmental justice.
So, while the country is finally excited about transitioning to renewable energy, rebranding our capitalistic energy industry with shiny solar cells instead of oily black gold will still leave BIPOC and low-income communities with most of the same problems they face today.
We need environmental justice now
The problems of inefficient energy infrastructure in homes, energy poverty, frequent blackouts, and loss of power in natural disasters will continue to disproportionately affect BIPOC and low-income communities regardless of the type of energy fueling their homes. True alleviation of climate change requires many policy initiatives including: household and utility plant weatherization funded at the federal and local levels; government regulation of energy companies to prevent price gouging and provide strong consumer protections; and involvement of stakeholders at all levels of local communities in the implementation of renewable energy.
I recently proposed a series of policies addressing these needs which fit into the Biden administration’s current budget and promise to provide significant financial support to environmental justice communities. We cannot wait any longer to support our most marginalized communities. We need policy action centering environmental, climate, and energy justice, now.
Carolyn E. Ramírez is a Chemical Engineering Ph.D. Candidate at Northwestern University researching new materials for organic solar cells. Follow them on Twitter @CRami77.
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