Middle East and Africa (MEA) Renewable Energy Policy Handbook, 2023 Update
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Middle East and Africa (MEA) Renewable Energy Policy Market Report Overview
Renewable energy has a mixed market outlook in the Middle East and Africa (MEA) region. While some countries are reluctant to develop renewable energy due to the abundance in conventional resources, some countries cannot afford to support the development of renewable energy. All 8 MEA countries have set renewable targets in different forms, with some having capacity targets and some generation share targets. Four of the countries have feed-in tariff (FiT) schemes for various renewable technologies, and six countries have a net-metering scheme.
The report offers comprehensive information on major policies governing the renewable energy market in these countries and discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of the overall growth potential of the renewable energy industry. It also provides major technology-specific policies and incentives provided by the countries in the region. The report is built using data and information sourced from industry associations, government websites, and statutory bodies. The information is also sourced through other secondary research sources such as industry and trade magazines.
Key Countries | Algeria, Egypt, Iran, Kuwait, Nigeria, Saudi Arabia, South Africa, and the United Arab Emirates |
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MEA Renewable Energy Market Overview by Countries
Renewable Energy Market in Algeria: The Ministère de l’Énergie et des Mines (Ministry of Energy and Mines – MEM is the overall governing body for the power sector. After adopting the new constitution in 2020, the government announced its transition from hydrocarbons to renewable energy and introduced a transition plan as part of its 2020 Five-Year Development Plan. The plan included three structural components formation of a new government ministry, a regulatory reform, and a new national renewable energy company. Under the new transition plan, Algeria aims to achieve 30% of its electricity generation from renewable power sources by 2030. The country also aims to achieve 25 GW of renewable power capacity to produce green and blue hydrogen by 2050.
Renewable Energy Market in Egypt: The Ministry of Electricity and Renewable Energy (MOERE) oversees the management of the Egyptian electricity sector through its subsidiary company the Egyptian Electricity Holding Company (EEHC) and in coordination with the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA), New and Renewable Energy Authority (NREA), Hydro Power Plants Executive Authority, Nuclear Power Plant Authority and Atomic Power Plants Authority. The Egyptian government has set targets for renewable power to account for 20% of the country’s electricity mix by 2022 and 42% by 2035.
Renewable Energy Market in Iran: The renewable power sector of Iran is regulated by the Renewable Energy and Energy Efficiency Organization (SATBA). The government has set a renewable capacity target of 5 Gigawatts (GW) from wind and solar power to be achieved by the end of the sixth Five-Year Economic, Cultural, and Social Development Plan for 2016-2021. the government has several support systems to promote the growth of renewable energy. The government allows custom-duty exceptions for equipment used in the construction of renewable power plants. In its long-term target, the Iranian government further aims to put in an additional renewable capacity of 2.5GW by 2030 after its target of 5GW is achieved.
Renewable Energy Market in Kuwait: The Ministry of Electricity & Water & Renewable Energy is responsible for formulating policies and strategies for the power sector in Kuwait. The major objectives of the ministry are to secure the demand for electricity, promote the use of renewable sources, and encourage the participation of the private sector in the power sector among others. Kuwait is dependent on thermal sources for power generation. The Kuwaiti Government is planning to reduce the dependence on thermal power generation and increase renewable power capacity. This is expected to help the government to meet its target of generating 15% of electricity from renewables by 2030.
Renewable Energy Market in Nigeria: The Federal Ministry of Power is responsible for policy formulation and coordination in the power sector, including renewable energy and energy efficiency. Nigeria plans to increase the share of renewable electricity generation to 23% in 2025 and 36% by 2030. The country plans to increase the cumulative installed capacities of small hydropower, solar PV, biomass, and wind power to 2GW, 500MW, 400MW, and 40MW by 2025, respectively.
Renewable Energy Market in Saudi Arabia: Saudi Arabia’s electricity market is regulated by three major government entities, the Electricity and Co-Generation Regulatory Agency (ECRA), the King Abdullah City for Atomic and Renewable Energy, and the Ministry of Water and Electricity (MOWE). Saudi Arabia aims to achieve a sustainable energy mix, with solar and nuclear power potentially accounting for more than half of its power supply by 2040. In its 2023 target, 20GW is planned to be achieved through solar PV capacity and 7 GW through wind power. In its 2030 target, 40GW is expected to be achieved through solar PV capacity, and 16 GW through wind power.
Renewable Energy Market in South Africa: The Department of Energy (DoE) is responsible for the development and management of South Africa’s energy sources. Under its Hydrogen Society Roadmap, South Africa aims to achieve electrolyzer capacity of 10GW by 2030 and 15GW by 2040.
Renewable Energy Market in UAE: UAE has been investing significantly in renewable energy technologies to diversify its energy mix. Dubai has set targets to increase electricity from renewable sources so that these will account for at least 25% of electricity output by 2030. Mohammed bin Rashid Al Maktoum (MBR) Solar Park plans to achieve 5 Gigawatts (GW) of solar power capacity by 2030. The country plans to increase the share of renewable power to 25% in total generation by 2030 and take the combined share of renewables and nuclear power to 50% by 2050.
For more country-wise insights in MEA renewable energy policy market, download a free sample report
Scope
- The report covers policy measures and incentives used by countries in the Middle East and Africa region to promote renewable energy.
- The report details promotional measures in the Middle East and Africa region both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the region.
- The report covers 8 major countries in the Middle East and Africa region – Algeria, Egypt, Iran, Kuwait, Nigeria, Saudi Arabia, South Africa, and the United Arab Emirates.
Reasons to Buy
The report will enhance your decision-making capability in a more rapid and time-sensitive manner. It will allow you to –
- Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
- Identify opportunities and challenges in exploiting various renewable technologies.
- Compare the level of support provided to different renewable energy technologies in different countries in the region.
- Be ahead of the competition by keeping yourself abreast of all the latest policy changes.
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Frequently asked questions
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Which are the leading countries in the MEA renewable market in Algeria?
Algeria, Egypt, Iran, Kuwait, Nigeria, Saudi Arabia, South Africa, and the United Arab Emirates are some of the leading countries in the MEA renewable market in Algeria.
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Which is the governing body in the power sector in Algeria's renewable energy market?
The Ministère de l’Énergie et des Mines (Ministry of Energy and Mines – MEM is the overall governing body for the power sector.
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Which is the governing body in the power sector in Iran’s renewable energy market?
The renewable power sector of Iran is regulated by the Renewable Energy and Energy Efficiency Organization (SATBA).
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Which is the governing body in the power sector in Iran’s renewable energy market?
The Ministry of Electricity & Water & Renewable Energy is responsible for formulating policies and strategies for the power sector in Kuwait.
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