In April 2019, the International Renewable Energy Agency (IRENA) published a report on a “roadmap to 2050” in terms of renewable energy. The report highlighted the possibility that by 2050, about 86 percent of the world’s power demands could be met by renewable power. It also highlighted that 50 percent [...]
Developers of large-scale renewable energy projects in the Gulf Cooperation Council (GCC) must use innovative financing structures to minimize costs amid a growing demand for funding, the International Renewable Energy Agency (IRENA) said in a report on the Middle East region, published January 15. The GCC members are Saudi Arabia, [...]
Frost & Sullivan forecast concentrated solar power (CSP) to grow at a CAGR of approximately 40 percent.
As per current plans announced for renewable energy adoption, there is a 25 GW potential for the same in the GCC up to 2020.