Energy Storage News•about 1 month ago
DNV forecasts tenfold increase in MENA region’s installed energy storage capacity by 2030
Key Takeaway
The MENA region is set for explosive growth in solar and energy storage, creating a prime market for developers and ensuring future grid stability for large power consumers.
AI Summary
- •The MENA region is projected to add a massive 860GW of new solar PV capacity by 2040, indicating significant long-term renewable energy expansion.
- •Energy storage capacity in the MENA region is forecast to increase tenfold by 2030, highlighting a rapidly growing market for storage solutions.
- •This forecast signals substantial development opportunities for IPPs and developers in both solar and energy storage projects across the MENA region.
- •Large power consumers in MENA can anticipate enhanced grid stability and increasing access to renewable energy sources as a result of this growth.
Topics
solarstorage