According to the International Energy Agency (IEA), the renewable energy landscape in the Middle East is set to enter an exciting phase of growth. The agency’s latest ‘Electricity 2025’ report forecasts a 14% annual increase in renewable generation from 2025 to 2027.
Solar PV On The Rise
A key player in this growth story is solar photovoltaic (PV) technology, which is anticipated to boost its share in renewable energy production from 55% to nearly 70% by 2027. The UAE is leading this charge with a remarkable 23% average annual growth in solar PV generation.
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Nuclear And Gas: Complementing The Mix
Complementing the solar growth, nuclear energy has seen significant development, particularly in the UAE, with a 20% increase in power generation for 2024. Meanwhile, gas-fired power remains a dominant source in the region, supported by a shift from oil to gas, with a forecasted average annual growth of 5.3% through 2027.
As these developments unfold, the Middle East is positioning itself as a dynamic player in the global renewable energy arena.