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UAE 2021 Plan on Sustainability Coming Into EffectUAE Takes A Lead In MENA On Clean Energy Projects |
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Significant renewable energy investment opportunities are springing up across the countries of the Middle East and North Africa (MENA) region, ever since the UAE Vision 2021 plan (about which I had written a report)was formulated earlier this year , which are expected to bring up to 37 gigawatts of clean energy online within the decade – of which 12-15 gigawatts are to come from solar and 16 gigawatts from wind power capacity.
Morocco has a $9 billion solar project underway and is planning to meet 42 percent of its domestic energy needs from clean energy by 2020. Egypt has planned investments of $1 billion into solar projects. Jordan expects to invest up to $2.1 billion in renewables by 2020. Tremendous attention is being given to effective means of financing these projects with panels such as ?Securing Project Finance? and ?Green Bonds on the Rise.? In addition, there will be a workshop in UAE in the coming months, ?Project Finance: Financing and Risk Mitigation to Ensure Project Bankability,? focused on developing solutions to cement the commercial opportunity of renewables in the MENA region. The initiatives that will be taken up as part of the 2021 plan aim at assembling leaders from every sector involved in the implementation of clean energy projects, offering unparalleled access to those driving the innovations shaping the rapid expansion of this industry across Arab countries. It will bring citizens and government face-to-face with leaders in the public and private sectors to form partnerships that will spread the use of clean energy throughout the Middle East and around the world. Image CreditsGoogle Images
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11 Comments
@Eco-gen Thanks for your encouraging comment for UAE! :)
Posted 15-04-2015 19:37
@Arushi MENA has indeed proved that united we stand,divided we fall. UAE continues to believe that anything is possible, it is a question of right strategy! With this in mind, the UAE 2021 plan was formulated. Thanks for your appreciated comment:)
Posted 15-04-2015 19:36
Go UAE!!! UAE never lets us down :)
Posted 15-04-2015 18:20
@Manav You are welcome :)
Posted 15-04-2015 09:52
Plan to produce 37 GW of clean energy in a decade is very ambitious and for sure needs lot of collaboration between MENA countries and also close -cooperation between public and private . Yes , let's hope it's implementation is "flawlessly handled" . Thanks for the report , Manav.
Posted 15-04-2015 06:25
@Rohan Yes, the plan is indeed grand! Rather than "normally handled", lets hope its promising implementation is "flawlessly handled"! :)
Posted 14-04-2015 21:25
@Christy Thanks for your warm comment:)
Posted 14-04-2015 21:20
@BinduInvestments by corporate bodies and governments are required for financing green development. Thanks for your commendable words:)
Posted 14-04-2015 21:19
Thanks for the report Manav. The plan is Grand. Hope its effective implementation as other plans of UAE are normally handled.
Posted 14-04-2015 20:34
Thank you for sharing the great news from the Middle East :D It's great that countries in Middle East are heading for the future.
Posted 14-04-2015 13:07
Wow, countries of MENA planning to invest so much for green renewable energy. Amazing :)
Hats off to UAE for formulating UAE Vision 2021 plan.
Thank you for sharing dear Manav :)
Posted 14-04-2015 11:50