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Renewable Energy
Renewable Energy
First published in Investing in the GCC: New Opportunities in a Changing Landscape, March 2010
by Lewis Jones and Nicholas Molan; (editor Kamar Jaffer)
Global marketed energy consumption is projected to increase by 44 percent between 2006 and 2030, with energy demand for countries in the Middle East predicted to grow by over 58 percent from approximately 6,975,000GWh in 2006 to approximately 11,049,000GWh in 2030. In the medium term, the World Energy Council estimates that the Gulf Cooperation Council (GCC) will require 100GW of additional power generating capacity over the next 10 years to meet its needs. Alongside this surge in demand, a general commitment to sustainable systems of production and consumption as an integral component of the energy mix is emerging. Renewable energy technologies, which meet today’s needs without compromising those of future generations, are increasingly being accepted as fundamental to a sustainable energy future. Read the entire article here.
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