UAE 2021 Plan on Sustainability Coming Into EffectUAE Takes A Lead In MENA On Clean Energy Projectsby | 14-04-2015 02:34 |
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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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