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ARTICLE · 14 JANUARY 2015

World Future Summit In Abu Dhabi To Focus On Renewable Energy

Renewable energy will play an increasingly important role in the Middle East and North Africa (MENA) in the coming decades.

GlobalEnergy and Natural Resources

Renewable energy will play an increasingly important role in the Middle East and North Africa (MENA) in the coming decades.

By 2020, up to 37 gigawatts of renewable energy are expected to come on line in the region and investments in renewables may reach US$50 billion. Underpinning these projections are government initiatives with significant visions for long-term growth.

The Kingdom of Saudi Arabia has committed US$109 billion to the development of 41 gigawatts of solar energy as part of a broader plan to deploy 54 gigawatts of clean energy by 2032. In Morocco, a US$9 billion solar-power project, accounting for 38 percent of country's installed power generation by 2020, is currently underway. Jordan has targeted 10 percent of power from renewable sources and expects to invest up to US$2.1 billion by 2020 while the Egyptian government will invest US$1billion in solar energy as it looks to increase the country's share of renewables to 20 percent by 2020. Meanwhile,

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