FINANCIAL NEWS

Arab world countries and UAE to develop renewable energy

14 Feb 2016

(MENAFN) Energy-importing nations and the UAE will continue to quick the improvement of their renewable-energy sectors and will rely on helping policies to move ahead.

Moreover, the region got some of the lowest renewable-energy prices awarded internationally for both photovoltaic (PV) and wind power.

In addition, many Arab countries proclaimed positive renewable-energy goals, with power need through the area predicted to increase at 9.9 percent until 2020.

However, lack of gas and in some nations, increasing reliance on liquid fuels, a key product for export, also added to the urgency of energy change.

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