Home أخبار Middle East and Africa has 1.4TW of offshore wind potential

Middle East and Africa has 1.4TW of offshore wind potential

44
0

So far, there has only been investment in onshore wind in the region. Credit: fokke baarssen/Shutterstock.

The Middle East and North Africa (MENA) could utilise its comparative advantage in the production of wind energy, according to the World Wind Energy Council.

With sufficient investment, up to 1.4TW of offshore wind can be made available in the region, the council said in its latest report.

“The significant potential of offshore wind energy indicates that there can, and should, be development in the Middle East,” the report said. “However, this largely depends on the investment environment, national regulations and permitting procedures, as well as the availability of a qualified workforce with experience in this industry.”

The offshore wind market in the region is still in its nascency due to the large investments required and the prioritisation of onshore wind, which is easier to develop.

“However, trends are shifting in the Middle East: Efforts to diversify energy sources, potential development of subsea interconnectors to Europe, and the potential of green energy/green product exports may encourage MENA countries to reconsider their original stance on offshore wind,” the report added.

According to GlobalData, Power Technology’s parent company, thermal power made up 89% of power generation capacity in the Middle East in 2023. However, this share will fall to 74% of capacity by 2035, representing a negative compound annual growth rate (CAGR) of 1.65% a year for that period.

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

View profiles in store

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData

Country *
UK
USA
Afghanistan
Åland Islands
Albania
Algeria
American Samoa
Andorra
Angola
Anguilla
Antarctica
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bonaire, Sint
Eustatius
and
Saba
Bosnia and Herzegovina

Botswana
Bouvet Island
Brazil
British Indian Ocean
Territory
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Central African Republic

Chad
Chile
China
Christmas Island
Cocos Islands
Colombia
Comoros
Congo
Democratic Republic
of
the Congo
Cook Islands
Costa Rica
Côte d”Ivoire
Croatia
Cuba
Curaçao
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Falkland Islands
Faroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
French Southern
Territories

Gabon
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guadeloupe
Guam
Guatemala
Guernsey
Guinea
Guinea-Bissau
Guyana
Haiti
Heard Island and
McDonald
Islands

Holy See
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey
Jordan
Kazakhstan
Kenya
Kiribati
North Korea
South Korea
Kuwait
Kyrgyzstan
Lao
Latvia
Lebanon
Lesotho
Liberia
Libyan Arab Jamahiriya

Liechtenstein
Lithuania
Luxembourg
Macao

Macedonia,
The
Former
Yugoslav Republic of
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Martinique
Mauritania
Mauritius
Mayotte
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Netherlands
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
Niue
Norfolk Island
Northern Mariana Islands

Norway
Oman
Pakistan
Palau
Palestinian Territory
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Pitcairn
Poland
Portugal
Puerto Rico
Qatar
Réunion
Romania
Russian Federation
Rwanda
Saint
Helena,
Ascension and Tristan da Cunha
Saint Kitts and Nevis
Saint Lucia
Saint Pierre and Miquelon

Saint Vincent and
The
Grenadines

Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South
Georgia
and The South
Sandwich Islands
Spain
Sri Lanka
Sudan
Suriname
Svalbard and Jan Mayen

Swaziland
Sweden
Switzerland
Syrian Arab Republic
Taiwan
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tokelau
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Turks and Caicos Islands

Tuvalu
Uganda
Ukraine
United Arab Emirates
US Minor Outlying Islands

Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
British Virgin Islands

US Virgin Islands
Wallis and Futuna
Western Sahara
Yemen
Zambia
Zimbabwe
Kosovo

Industry *

Academia & Education
Aerospace, Defense &
Security
Agriculture
Asset Management
Automotive
Banking & Payments
Chemicals
Construction
Consumer
Foodservice
Government, trade bodies
and NGOs
Health & Fitness
Hospitals & Healthcare

HR, Staffing &
Recruitment
Insurance
Investment Banking
Legal Services
Management Consulting
Marketing & Advertising

Media & Publishing
Medical Devices
Mining
Oil & Gas
Packaging
Pharmaceuticals
Power & Utilities
Private Equity
Real Estate
Retail
Sport
Technology
Telecom
Transportation &
Logistics
Travel, Tourism &
Hospitality
Venture Capital

Tick here to opt out of curated industry news, reports, and event updates from Power Technology.

Submit and
download

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Conversely, the share of renewables such as offshore wind is set to increase at a CAGR of 11.3% a year between 2023 and 2035. This forecast represents the region’s potential to shift to green energy with the right investments and regulatory frameworks.

The report specified that Egypt, Morocco, Oman and Saudi Arabia, in particular, could lead the world in the field of wind energy if they are willing to move away from reliance on oil and gas.

The Moroccan Government has been taking “serious steps” to expand offshore wind in the region, said the report. The European Investment Bank recently awarded the Moroccan Agency for Sustainable Energy a $2bn (€1.86bn) grant to conduct a feasibility study for offshore wind in Morocco.

Saudi Arabia is also looking to develop 106GW of offshore wind capacity along its eastern and western coasts. The country currently has only one onshore wind farm in operation at Dumat al Jandal but aims to generate half of its energy supply from renewable sources by 2040.

The clean energy provision is at the heart of the Saudi’s futuristic NEOM project. The project is defined by the Saudi Government as “a place that prioritises people and nature, creating a new model for sustainable living, working and prospering”.

However, there are doubts about the achievability of the Saudi’s plans. For instance, the Line city (part of the NEOM project), which was supposed to be 170km long, is only expected to reach a mile and a half by 2030 due to financial constraints.

مصدر

LEAVE A REPLY

Please enter your comment!
Please enter your name here