MAKE Expects Massive Growth in Middle East

Macroeconomic stability and a growing demand for power drive wind energy growth in MAKE’s 2018 Middle East Wind Power Outlook

Wind power markets in the Middle East will add 12GW of new capacity between 2018 and 2027, according to MAKE’s 2018 Middle East Wind Power Outlook. The region will benefit from improved macroeconomic stability which will generate strong growth for power demand. In addition, a desire to diversify economies, significant reductions in wind power LCOE, and a fast-growing population will catalyse wind power market development in the region. Saudi Arabia, Iran and Jordan are key drivers of this growth, comprising nearly 70% of total wind power capacity added over the outlook period. Anticipating its first commercial project in 2019, Saudi... ... More: Official Press Release MAKE

Keywords:

MAKE; consultancy, Middle East, capacity, growth