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Clare Dunkley
19 April 2022
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Gulf renewables drive stalls

The region’s efforts to build up its clean power capacity have foundered on rising costs and project delays

Mideast Gulf petrostates trumpeted their newfound commitment to domestic decarbonisation in November as Cop26 shone an unwelcome spotlight on a region considered central to the problem. But six months on, the Gulf’s renewables sector is beset with delays as spiralling raw material costs radically shift project economics. A long trend of falling solar and wind costs in the years preceding the coronavirus pandemic has ended, leaving developers in the region, accustomed to setting world pricing records, pondering how to proceed. The phenomenon is a global one. A study published in October by consultancy Rystad Energy predicted that 56pc of the 90GW of solar PV projects—the bedrock of Middle Eas

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Also in this section
Abu Dhabi bites the solar bullet
26 May 2022
The UAE’s richest emirate is proceeding with its renewables buildout despite rising costs
TotalEnergies buys 50pc of US renewables developer CEG
25 May 2022
Deal worth around $2.4bn with private equity firm Global Infrastructure Partners marks French company’s largest acquisition to date in US renewables sector
Riyadh hedges its bets with EV ambitions
24 May 2022
The Saudi government is leaving little to chance in plans to create an EV-manufacturing cluster on the Red Sea coast
Surging battery mineral prices threaten EV growth
23 May 2022
EV sales growth remains robust in 2022, but rising mineral prices and supply chain dislocations present near-term challenges, says IEA

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