Release Date: 28-Aug-2012
The major part of the Middle East comprising of six big economies of the region, the largest oil and gas producers in the world are increasingly looking at renewable energy to support their increasing domestic energy needs. Collectively called the Gulf Cooperation Council, GCC, these countries have started investing in the development of renewable sources of energy to augment the power production from fossil fuels, the increasing domestic consumption of which is resulting in losses from exports. A recently published research report “GCC Renewable Energy Sector Analysis” by KuicK Research explores into the scenario of the development of solar and wind energy as drivers of the renewable energy exploitation in the region. It goes behind the scenes to look for the specific reasons and explains them in detail as to the need for renewable energy in the GCC countries.
The report has highlighted two major economies in the region that are investing heavily in renewable energy development. The largest countries among the GCC, Saudi Arabia and UAE are the two countries that had started research and studies on the potential of renewable sources of energy way back in the 1970s and 80s. Being the largest economies, the pressure from the population and industrial growth on the natural resources of oil and gas is even more pronounced in these countries and so is their responsibility. Saudi Arabia has conducted a number of research and pilot projects and has planned an investment of more than USD 100 Billion. The country is investing heavily in solar technologies for power production and water desalination to help realize its 10% renewable energy target by 2020.
UAE is also inclined to develop its renewable sources of energy. The country has been facing energy problems mainly due to the growing population of expats and an increased industrialization. It has, however, put valiant efforts to include power production from renewable sources of energy, to the extent of coming up with a whole city that will run only on solar and wind energy, called the Masdar City. UAE treats nuclear energy as part of its renewable basket and has planned four new nuclear power generators by 2020. The country has invested more than USD 25 Billion in renewable energy development with much more money to be invested in the coming few years to help it achieve the targeted 10% power production from renewable sources by 2020.
The research report “GCC Renewable Energy Sector Analysis” is an intriguing text that gives facts and projected figures about the paradoxical situation arising in the world, with the world’s largest oil and gas providers looking at renewable sources to light their own bulbs. The report meticulously takes through each country’s electricity and water situation and then its renewable energy efforts along with policies and regulations. It is packed with information and adds a special feature on the GCC interconnection grid that will be fed with power from the renewable sources of energy in the coming years and also gives the potential renewable sources of energy and the future scenario of the GCC region with the latest developments.
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Table of Content
1. Why GCC is Focusing on Renewable Energy?
2. GCC Renewable Energy Resource Mapping
2.3 Waste to Energy
3. Saudi Arabia
3.2 Renewable Energy Initiatives & Generation Capacity Target
3.3 Regulatory & Policy Framework
4. United Arab Emirates
4.2 Renewable Energy Initiatives & Generation Capacity Target
4.3 Regulatory & Policy Framework
5.2 Renewable Energy Initiatives & Generation Capacity Target
5.3 Regulatory & Policy Framework
6.2 Renewable Energy Initiatives & Generation Capacity Target
6.3 Regulatory & Policy Framework
7.2 Renewable Energy Initiatives & Generation Capacity Target
7.3 Regulatory & Policy Framework
8.2 Renewable Energy Initiatives & Generation Capacity Target
8.3 Regulatory & Policy Framework
9. GCC Electricity Grid
10. Emerging Trends
10.1 Demand for Smart Grid Solutions
10.2 Increasing Investments
10.3 Need for Incentive & Tariff Structure
10.4 Rising Electricity Consumption