WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 164
Recent Developments
•
Israel: EV car sales of 65,000 in 2023, with 4200 charging
points which are publicly available slow and 710 which are
publicly available slow
•
Iran: The Iranian government has unveiled a plan to develop
15 GW of solar PV capacity, which is expected to require a
private sector investment of US$8.3 billion, in three phases
•
Qatar: Qatar General Electricity and Water Corporation aims
to set up 600 to 1,000 electric vehicle charging stations by
2025 and 2030
•
•
Saudi Arabia: EV sales in Saudi Arabia reached 1,500 in 2023
Iraq: In August 2024, The Ministry of Electricity of Iraq and
Siemens have reached an agreement on the development
of five 1.5 GW combined-cycle gas turbine (CCGT power
projects in Iraq, with a combined capacity of 7.5 GW.
•
UAE: Nearly 35,000 electric vehicles were sold in UAE in
2023, with 261 charging stations
•
Israel: The country’s Ministry for Energy and Infrastructure
has stated that for the first time in history, most electricity
in Israel was produced from renewable sources with
renewable energy accounting for 51% of total production
in March 2024.
•
Kuwait: Kuwait targets 17 GW of renewable capacity and
25 GW of green hydrogen production capacity by 2050.
Under its New Vision 2035, Kuwait aims to generate 15%
of its electricity from renewables by 2030.
•
Oman: The United Arab Emirates (UAE) and Oman have
signed an investment agreement worth $31.85 billion for
an industrial and energy mega-project, which includes
renewable energy initiatives (solar, wind), as well as green
steel production facilities.
•
Qatar: The Qatar General Electricity and Water Corporation
(Kahramaa) has unveiled Qatar’s National Energy Strategy,
under which the country targets 18% of renewable energy in
Major Energy players
•
Iran: National Iranian Oil Company, Pars Oil and Gas
Company, Isfahan Refinery
•
Qatar: QatarEnergy, Qatar General Electricity and Water,
Qatargas
•
Saudi Arabia: Saudi Aramco, MARAFIQ Power And Water
Utility Company for Jubail And Yanbu, ACWA Power Co,
Saudi Electricity Company
•
UAE: ADNOC, TAQA, Dubai Electricity and Water Authority
the power mix by 2030. The strategy also aims to add up to
around 200 MW of distributed solar generation by 2030 to
enable more localized power generation and reduce strain
on centralized grid infrastructure.
•
Saudi Arabia: In June 2024 ,The Saudi Power Procurement
Company (SPPC) has signed power purchase agreements
for three new solar photovoltaic projects with a combined
capacity of 5.5 GW, as part of Saudi Arabia’s National
Renewable Energy Program.
•
UAE: The UAE Energy Strategy 2050 aims to triple the
contribution of the renewable energy and invest AED 150
to AED 200 billion by 2030. In the first phase, which runs
till 2030, the strategy aims to increase the installed clean
energy capacity from 14.2 GW to 19.8 GW by 2030 and surge
the share of installed clean energy capacity in the total
energy mix to 30% by 2030.
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