With more than $20 billion worth of renewable energy projects currently being developed in the Middle East and North Africa (MENA), the upcoming Mena Renewable Energy conference in Dubai will look at boosting investment in this sector.
The Mena Renewable Energy conference, which will take place between the 17 and 19th of September in Dubai, will be an important stepping stone for the development of renewable energy in the Middle East North Africa (MENA) region.
With the largest oil and gas reserves in the world, the MENA region may appear to be an unlikely advocate for renewable energy. However, a region-wide recognition is emerging that renewable energy should be the next frontier. In fact, the MENA boast of excellent solar and wind conditions across much of the region. Furthermore an increasingly tight oil market, the Arab Spring, failure to meet power surges and the resulting increases in power outages and efforts to meet regional climate change mitigation targets is making renewable energy an attractive option.
Green Prophet has already covered a number of interesting renewable energy projects which are currently being planned, developed or in execution stage around the region including Egypt, Tunisia, Algeria, Morocco, Lebanon, Jordan and UAE.
The most recent monster is UAE’s plan to develop the Mohammad Bin Rashid Al Maktoum Solar Park (a photovoltaic solar project in Dubai), which will become the largest solar power park eclipsing all other combined solar projects in the UAE and will require an approximate investment of US$ 3.5bn.
Organizers of the upcoming Mena Renewable Energy conference estimate that more than $20 billion worth of renewable energy projects are currently being developed in the MENA.
Consequently, this conference will be central for the advancement of this sector by providing the latest up-to-date information and discussions on governmental strategies, regional trends, innovation and technologies.
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