Description

MENA Power 2024

MENA Power 2024 helps you make the most of the opportunities in one of the Middle East’s fastest-growing investment sectors.

The 400-page plus report includes more than 480 charts, tables, graphs and maps, including tables of projects to be awarded in 2024 and beyond, as well as projects in execution.

Included in MENA Power 2024:

• MENA power sector structure in each market
• Comprehensive review of Middle East energy policy and investment
• Analysis of the outlook for MENA renewable energy projects
• Detailed analysis of power project investment plans in 17 MENA markets
• Examines sustainable energy strategies in the MENA region
• Assessment of opportunities in Middle East renewables
• Review of policies and organisations driving investment in power
• Projects opportunities with client and procurement details
• Investment drivers and client spending plans
• Understand risks and set strategy in the MENA power sector

Energy transition boosts investment in Middle East power

Population growth and industrial expansion are driving rising energy consumption across the Middle East and North Africa (MENA), putting electricity generation capacity among the highest priorities.
As a result, the region will continue to see large-scale investments in new generation capacity, as well as transmission and distribution networks.
With about $30bn per year of capital spending on major projects, the power sector is one of the strongest and most reliable providers of business and investment opportunities in the region.
But the nature of that investment is changing. In the era of energy transition, it is no longer enough for governments to simply increase production capacity to meet rising demand.
Policymakers are also focused on decarbonising the economy, and on reducing greenhouse gas emissions (GHG). At the same time, increasingly strained public finances are forcing reforms aimed at reducing the cost of subsidising energy and reducing waste.

Energy security

The biggest transformation is the drive to diversify the region’s energy mix. Faced with a shortage of readily available gas supplies and attracted by the falling cost of technology, nearly all MENA countries are now procuring or planning solar and wind projects. They are also looking at other forms of renewable and alternative energy, from waste-to-energy to nuclear power. More recently, additional capacity is being built to power green hydrogen facilities.

Utilities are also investing in digital data technologies such as the internet of things (IoT), blockchain, smart grids, artificial intelligence (AI), and digital twins, in order to improve efficiency and reduce waste.

Sustainability and energy efficiency are the driving forces behind radical and controversial shifts in policy such as the removal of energy subsidies which have kept energy and water tariffs artificially low for decades.

The subsidy cuts aim to reduce the financial burden on the state, and to encourage consumers to curb their usage, thereby lowering the speed at which new capacity needs to be built.

Procurement models are changing too, with renewed interest in privately developed utility projects in order to spread the capital cost of building new capacity over a longer period.

A much broader privatisation trend is also emerging, whereby governments are looking to sell off assets and unbundle generation, transmission and distribution. This will provide short-term windfalls for cash-strapped governments but will lead to a more efficiently run power sector in the long term.

MENA Power 2024 is a comprehensive country-by-country review of the MENA power sector with in-depth analysis on supply and demand, projected investment levels, the role of the private sector and the search for alternative energy.

The report includes proprietary data from MEED Projects.

Who will benefit from the MENA Power 2024 report?

• Power investors and developers
• Renewable energy developers
• Clean technology providers
• Financiers
• Bankers
• Economists and analysts
• Policy makers
• Legislators
• EPC contractors
• Construction companies and suppliers
• Manufacturers
• Engineering consultants
• PPP investors
• Power developers
• Technology companies
• Academics
• Researchers

What is unique about this report?

• MEED’s most comprehensive report ever on the Middle East’s power sector
• MEED’s unrivalled expertise and insight on the Middle East
• Exclusive MEED Projects data
• Focus on outlook for investment

All the MEED Insight reports are delivered via email in digital version.