Dynamic transformation is underway in the power sector. The MENA Power Projects Forum 2022, held at the Conrad Abu Dhabi Etihad Tower, UAE, is the epicentre of this change, bringing together over 200 industry experts and government officials. Their mission? To explore the radiant opportunities in transitioning from fossil fuels to renewable energy sources, such as solar, wind, hydro, green hydrogen, and clean nuclear energy. This seismic shift towards renewables is set to reshape the energy landscape, with investments exceeding $250 billion, positioning MENA as a global leader in sustainable energy solutions.

MENA’s Remarkable Growth in Renewable Energy

The region is projected to add a staggering 5.6 gigawatts (GW) of installed capacity from renewables, nearly doubling last year’s 3 GW. Looking ahead to 2026, an astonishing 33 GW increase in installed renewable capacity is anticipated, with solar photovoltaic (PV) systems leading the charge, contributing around 26 GW. This growth aligns perfectly with the region’s unwavering commitment to clean energy and sustainability.

The UAE: Leading the Charge

Among the MENA countries, the UAE is the standard-bearer for renewable energy adoption. In line with its Energy Strategy 2050, it has set ambitious goals: 50 percent clean energy in the total mix by 2050, a 70 percent reduction in carbon footprint, and a 40 percent boost in energy consumption efficiency. The UAE is leveraging solar and nuclear power, transparent policies, energy-efficient innovations, and a green hydrogen ecosystem to accomplish these objectives, setting a shining example for the entire region.

The UAE: Leading the Charge

Beyond the UAE, the entire Arab World is embracing renewables and electric vehicles (EVs). The region is slated to witness a whopping $700 billion investment in renewable energy transition between 2020 and 2050, with a goal of generating over 70 GW from renewable sources by 2030. Additionally, the adoption of hydrogen and EVs is skyrocketing, with projections of 300 million EVs on the road by 2040, comprising more than 60 percent of all active vehicles by 2050. These trends underscore the region’s commitment to reducing carbon emissions and embracing sustainable energy solutions.

MENA: Catalyst for Change

The MENA Power Projects act as a crucible for innovation and diversification in the energy sector. It serves as a breeding ground for discussions on clean, green, and renewable energy development while nurturing business opportunities in this ever-evolving field. Over 40 experts delve into diverse topics, including enhancing power generation efficiency, wind power, nuclear energy projects, grid modernization, clean energy strategies, and the latest updates on power projects.

Renewable Energy

Government Officials and Industry Suppliers Unite

Government officials engaged in public power and utility projects actively support startups with renewable energy, engaging with industry suppliers to explore lucrative business opportunities. International and local industry exhibitors seize the stage to showcase cutting-edge technologies, products, and services, vying for contracts in the power and utilities sectors.

The UAE: A Powerhouse

In a significant revelation, the UAE emerged as a dominant player, housing nine of the current top 25 power projects in MENA. In terms of project value, the UAE secures the third spot, with $26 billion worth of power projects in the pipeline.

Top Renewable Energy Startups

1. Yellow Door Energy

Yellow Door Energy, founded in 2015, is making waves in the United Arab Emirates and Jordan by providing industrial and commercial organizations with renewable energy solutions. With around 110 megawatts of solar projects already in operation, they count global giants like Nestlé, Unilever, and Carrefour among their clients. Their commitment to sustainable energy solutions is driving the region toward a greener future.

2. Tarshid

The Saudi Arabian National Energy Services Company, or Tarshid, is a testament to Saudi Arabia’s commitment to energy efficiency. Established as a collaborative effort between various government bodies, Tarshid aims to lead the renewable energy charge. Their initiatives not only save the Kingdom money but also contribute to global sustainability efforts.

3. Arabian Combustion Technologies (ACT)

Established in 2016, Arabian Combustion Technologies (ACT), a branch of KAUST, focuses on improving the environmental impact of combustion in Saudi Arabia and beyond. By partnering with cutting-edge technology suppliers, they’re not only advancing research but also creating high-value jobs for the region’s talent pool.

4. National Water Company

The National Water Company (NWC) is playing a vital role in Saudi Arabia’s National Transformation Program. Their engagement with the private sector in mutually beneficial ventures is boosting economic growth. NWC’s initiatives range from sewage treatment facility expansions to project management, all aimed at delivering quality services to the Kingdom.

5. ENERGIA

Founded in 2011, ENERGIA stands as a premier provider of temporary power, cooling, welding, air compressor, and tower light solutions in Saudi Arabia and the MENA region. Their highly certified engineering team ensures client satisfaction and top-notch deliverables, making them a go-to choice for temporary energy needs.

6. Desert Technology

Desert Technologies (dt), headquartered in Saudi Arabia, is a leader in PV solar energy solutions. With a focus on both on and off-grid systems, battery storage, solar streetlights, and more, they address the diverse needs of the solar market. DT is also making strides internationally, positioning itself as a regional IPP player.

7. Iyris

Iyris, a 2020 creation, brings innovative farming solutions to arid regions. Their goal is to make the MENA region self-sufficient in terms of food security. By redesigning traditional greenhouse and horticulture methods, they aim to provide fresh, local, and healthy food to over a billion people living in arid areas.

SunFi is a Nigerian clean tech startup aiming at revolutionizing the solar industry by providing an innovative financing platform that makes it easier for Solar Installers and their customers to transition from petrol generators to solar. The company has already raised over $1 million in seed funding and secured strategic partnerships with leading banks, insurance companies and renewable energy developers across the Middle East region. The Norrsken Impact Accelerator provides SunFi with access to experts from around the world who are committed to helping startups develop solutions that will have a positive social impact on society as well as financial returns. Through this program, Sunfi will be provided with advice on product development and market strategy, while also receiving opportunities to enter UAE markets.

8. SunFi

SunFi is a Nigerian clean tech startup aiming at revolutionizing the solar industry by providing an innovative financing platform that makes it easier for Solar Installers and their customers to transition from petrol generators to solar. The company has already raised over $1 million in seed funding and secured strategic partnerships with leading banks, insurance companies and renewable energy developers across the Middle East region. The Norrsken Impact Accelerator provides SunFi with access to experts from around the world who are committed to helping startups develop solutions that will have a positive social impact on society as well as financial returns. Through this program, Sunfi will be provided with advice on product development and market strategy, while also receiving opportunities to enter UAE markets.

9. Wahaj Solar

Renewable Energy

Wahaj Solar, based in Dubai, is innovating in the field of solar energy. Utilizing the Ayman Solar Concentrator, a patented innovation, they aim to produce low-cost solar energy for various applications. Their commitment to innovation is driving progress in the renewable energy sector.

10. BioFire

Founded in 2015 in Tunisia, BioFire is addressing the issue of deforestation caused by inefficient wood fuel use. They gather and convert agro-forestry waste into efficient and eco-friendly biofuels. By providing inexpensive energy options, BioFire is not only improving lives but also preserving vital forests.

11. Hydro Wind Energy

Hydro Wind Energy, with a strong presence in the UAE, harnesses offshore altitude winds and subsea oceanic pressure to generate clean electrical energy, energy storage, and fresh water. Their innovative approach to renewable energy holds great promise for the region.

12. Shamsina

Shamsina is revolutionizing solar water heaters for energy-deprived regions. Operating from a workshop in Cairo, they employ local communities, promote environmental awareness, and provide energy services to the community. Their model inspires self-sufficiency in energy production.

13. Pawame

Founded in 2016, Pawame is illuminating rural parts of Africa with pay-as-you-go solar home systems. By offering these devices on a microfinance basis, they make electricity accessible to low-income families. Pawame’s mission is to improve the quality of life for off-grid communities in Sub-Saharan Africa.

MENA Leads the Global Clean Energy Charge

In conclusion, the MENA Power Projects Forum 2022 shines as a beacon of hope for the region’s transition to renewable energy sources and its unwavering commitment to sustainability. With substantial investments, audacious targets, and an unrelenting focus on innovation, MENA is primed to play a pivotal role in the global shift towards clean energy. This forum, a melting pot of industry stakeholders, is the catalyst for collaboration, knowledge-sharing, and driving the development of clean, green, and sustainable energy solutions in the MENA region and beyond.

Join us in this renewable energy revolution and be part of the solution! Together, we can power a brighter, cleaner future for generations to come.

August 22, 2023

0 Comments

Leave a reply

©crunchDUBAI.com 2023

Log in with your credentials

or    

Forgot your details?

Create Account

%d bloggers like this: