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Middle East's renewable investments to hit $75bn
Oil and Gas News
|October 2024
THE Middle East is on course to take $75.63 billion of investment in renewable energy projects through to 2030, according to a new report released by the Energy Industries Council, one of the world's largest energy trade associations for companies supplying goods and services to the energy industries worldwide.
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These investments involve 116 renewable energy projects, which are tracked by the EICDataStream database, and forecasted to come on stream between 2025 and 2030.
These span solar power, onshore wind, hydro, hydrogen production, carbon capture utilisation and storage (CCUS), geothermal energy, and battery and energy storage systems.
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