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FINANCIAL NEWS
GCC to issue USD320bn into power projects
25 Feb 2017
(MENAFN) The whole value of GCC power projects in the pipeline reached more than USD320bn at present, of which over USD100bn are linked to the renewable sources.
Recently, the interest in renewable energy amid the GCC has been on the rise due to the demand for elect which will hit 100GW amid the coming 10 years.
Moreover, the GCC nations will need an extra generating capacity of 69GW from 2016 to 2020 amid the development of projects worth USD137bn.
In addition, almost 85 to 90 percent of future renewable energy projects will be using solar energy.
MENAFN2502201700450000ID1095266548
MENAFN2502201700450000ID1095266548
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