renewable energy developments in the gcc region...source: irena (2017), rethinking energy 2017:...

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Renewable Energy Developments in the GCC Region Clean Energy Opportunities and Challenges in the GCC Region Abu Dhabi, 17 January 2017

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Page 1: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

Renewable Energy Developments

in the GCC Region

Clean Energy Opportunities and Challenges in the GCC Region

Abu Dhabi, 17 January 2017

Page 2: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

The global energy sector is transforming

2 Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition

Page 3: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

Progress in the GCC region

3

Bids revealed

Al-Jouf and Rafha, 100 MW PV Bids invited

Source: IRENA (2016), Renewable Energy Market Analysis: The GCC Region

Sweihan Solar PV – 350 MW

Mohammed bin Rashid Al Maktoum 3 - 800 MW Winner selected

MEW/KISR-Shagaya Wind 10 MW Completed

Page 4: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

Rising competitiveness Large and medium scale

4

3 c/kWh Dubai

Source: IRENA (2016), Renewable Energy Market Analysis: The GCC Region

Page 5: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

Renewable Energy Auctions Highlights 2016

5 Source: IRENA (2017) Renewable energy auctions: Analysing 2016

Page 6: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

6

Renewable Energy Auctions Price competitiveness

Cost determining factors:

♦ Country specific economic conditions

♦ Investor confidence

♦ Enabling environment

♦ Design elements of the auction

2013 2014 2015 2017

Source: IRENA (2017) Renewable energy auctions: Analysing 2016

Page 7: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

7

Renewables bring multiple benefits

16% reduction in water

withdrawal in 2030

207,000 Jobs in 2030

Source: IRENA (2016), Renewable Energy Market Analysis: The GCC Region

Page 8: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

8

Solar PV value chain: jobs requirements

Page 9: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

9

Solar PV value chain: materials and equipment requirements

Materials used in solar PV value chain (kg/MW)

Silicon 7,000 Copper 7,000

Glass 70,000 Plastic 6,000

Steel 56,000 Concrete 47,000

Aluminium 19,000

Equipment used in solar PV installation phase

Tools Cranes

Trucks Asphalt paving machines

Excavators Personal protection equipment

Page 10: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed

10

Conclusions

Page 11: Renewable Energy Developments in the GCC Region...Source: IRENA (2017), REthinking Energy 2017: Accelerating the global energy transition Progress in the GCC region 3 Bids revealed