Big news for the Middle East! Renewable energy is set to skyrocket in the coming years, with green energy sources expected to surpass fossil fuel usage in the power sector by 2040, according to the latest research from Rystad Energy. Solar photovoltaic (PV) is predicted to lead the charge, making up more than half of the region’s power supply by mid-century, a huge jump from just 2% last year. By 2050, renewables—including solar, wind, and hydro—are projected to make up a whopping 70% of the Middle East's power generation. This is a massive leap from the 5% recorded at the end of 2023, highlighting a major shift in the region's energy landscape. Despite this surge in clean energy, the region will still rely on natural gas in the short term, with its usage expected to grow until it peaks around 2030. Stay tuned for more updates on this energy transformation!
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