GCC Renewable Energy Sector Analysis: Kuick Research 2012 - 4 December 2012 - Modern Ukraine


 

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GCC Renewable Energy Sector Analysis: Kuick Research 2012

Significant increase in population and growth in economic activity have triggered newfound interest in renewable energy development for six major Middle Eastern economies that are form the world’s largest producing location of oil and gas. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, known as members of the Gulf Cooperation Council (GCC), have turned their focus towards the exploitation of renewable sources of energy present in the region.

Electricity production is the most energy intensive industry in the GCC countries being produced mostly from the fossil fuels. The climatic conditions of the region make air conditioning mandatory to life support resulting in more than average power consumption as compared to the rest of the world. About 99% of water in these countries comes from desalination, another energy consuming process, working mainly on gas feeds. Water and electricity together are the most energy consuming sectors in these countries forcing them to be the highest per capita consumers of power and water. With depleting oil and gas reserves plus commitments for export quotas, it is vital for the GCC to look at renewable sources of energy.

The GCC countries have each declared their plans to produce at least 10% of electricity from renewable sources of energy by 2020.

The present research report is an intriguing text that gives facts and projected figures about the paradoxical situation arising in the world, with the world’s largest oil and gas providers looking at renewable sources to light their own bulbs. The report meticulously takes through each country’s electricity and water situation with renewable energy efforts along with policies and regulations. It is packed with information on the GCC interconnection grid that will be fed with power from the renewable sources of energy, it is also given the potential renewable sources of energy and the future scenario of the GCC region with the latest developments.


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Category: Ukraine GCC Network | Views: 489 | Added by: nickyurchenko | Tags: Kuick Research, GCC renewable energy

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