What is changing in the Middle East's power sector?

This thought-provoking report will broaden the understanding of any audience confronting the changing dynamics of the Middle East’s power sector. The power market is transforming as energy independence and economic diversification play a bigger role.

What is the role of the Middle East in energy development?

Frameworks and policies for energy development and utilization in the Middle East The global energy perspective, economy, and energy usage patterns have been changing dramatically in recent years. The ME region plays a significant role in supplying global energy demands, especially in various forms of fossil fuels.

Will solar power power the Middle East?

The Middle East is a growing region for power generation and will require additional capacity to meet its economic ambitions and the needs of its people. There is no doubt that renewable sources of energy, especially solar, will play a major part in its future power mix.

Does the Middle East have a power supply?

Yet as the Middle East is flush with cheap natural resources, the region’s power makeup is still almost exclusively dominated by oil and gas.4 The region currently uses oil and natural gas to meet 97 percent of its electricity needs. Economic growth hinges upon connectivity and power generation.

Is the Middle East ready for a new era of electricity?

There is enormous potential for the Middle East’s power sector, and plenty of room for a variety of new technologies and companies to help move into electricity’s new era.

How much energy does the Middle East need?

With this growing demand, IHS expects that the Middle East will need 277 gigawatts (GW) of additional capacity to boost installed capacity to 483 GW by 2035. There are new plans to diversify the energy mix on the horizon, reforms taking place and innovative technologies hurdling into the sector.