The Gulf Cooperation Council (GCC) – comprising the nations of Bahrain, the Kingdom of Saudi Arabia (KSA), Kuwait, Oman, Qatar, and the UAE – together have a total of 148 gigawatts (GW) of total power generation capacity. The total power need is expected to expand at a pace of 8% per year between 2016 and 2020, driven by population growth, rapid urbanization, higher incomes (which drives overall consumption per capita), industrialization, and continued low energy prices.
According to Ventures Onsite, this rapid expansion of power requirements will require $137 billion of investment in the same time frame. And in line with that expansion, GCC power construction contractor awards are expected to expand 14% year on year in 2017 to a total of $25.52bn this year.
This report provides new research on the prospects for renewable energy in the GCC. The research focuses on the following pieces:
- List of currently tendered renewable power projects in the GCC, by country
- Current percentages by power generation source of energy consumption in the GCC
- How far has renewable power generation has spread in the GCC
- Brief summary of current government strategies with an objective assessment of how effective they will be
Download the report