Forecasts indicate significant growth in the field of solar energy in the Middle East in the coming years.

According to research by the Norwegian energy company Rystad, solar power in the region exceeded 16 GW at the end of 2023 and is expected to reach 23 GW by the end of 2024.

Driven by green hydrogen projects, solar power capacity is likely to reach 100 GW by 2030, contributing to an annual growth rate of 30%.

Research suggests that solar photovoltaic (PV) energy will lead among renewable energy sources, accounting for more than half of the region’s energy supply by mid-century, a significant increase from just 2% in 2023.

Currently, electricity production in the region relies heavily on fossil fuels, which constituted 93% of the total at the end of 2023, while renewable energy accounted for only 3%, and nuclear and hydropower each contributed 2%.

Studies predict a radical shift toward renewable energy, expected to account for 30% of the total production capacity in the region by 2030, with the possibility of rising to 75% by 2050.

Several factors contribute to the anticipated growth of solar energy in the Middle East: the region enjoys abundant sunlight year-round, making it an ideal location for generating solar power; and the costs of solar energy technologies have decreased significantly in recent years, enhancing their economic attractiveness.

Additionally, the significantly increased energy demand in the region in the coming decades will drive the need for new and renewable energy sources. Many Middle Eastern governments are providing incentives and subsidies to encourage investment in solar energy.

The growth of solar energy in the Middle East represents a substantial opportunity for sustainable development. Supported by favorable policies and advanced technology, solar energy is expected to play a crucial role in meeting the region’s growing energy needs while reducing dependence on fossil fuels.