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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.
Groups: United Green Nations | Greeny Tweets | Modern Ukraine | Brand Ukraine Group
