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Informa Markets, a Middle East energy consultancy, recently released the "2020 Energy and Utilities Market Outlook Report", according to the next seven years, the Middle East and North Africa (MENA) smart grid investment is expected to reach $17.
6 billion, and the region's increased investment in renewable energy is the main factor
promoting the growth of smart grid investment.
"Almost all MENA countries are building or planning renewable energy projects, including solar and wind," explained Claudia Konieczna, director of the Middle East Energy Exhibition, "The sharp drop in the cost of photovoltaic solar has prompted utilities in the region to develop a number of large-scale solar projects, and analysts believe that solar energy will account for 37%
of the region's clean energy production by 2025.
"
Renewable energy is also one of the five key product areas for energy in the Middle East, which include power generation, transmission and distribution, digitalization, and energy consumption and management
.
Claudia Konieczna added, "The impact on the smart grid market is enormous, as the utilization of renewable energy cannot be effectively increased through traditional grid systems, which are now obsolete
.
”
Doug Waters, director of global energy services at Uniper Energy Services, said the trend of renewable energy as the region's preferred energy source will force the MENA region to rethink grid infrastructure, and grid transformation in the MENA region is essential
to optimize the use of renewable energy.
"As renewable energy penetration increases and distributed grids are enabled, including demand for new technologies and electric vehicles, the grid must adapt
.
Issues such as identifying demand and generating electricity in real time (even if deeply embedded), managing inertia, voltage control and other services will require the use of new grid technologies and digital technologies," explains Waters
.
Informa Markets, a Middle East energy consultancy, recently released the "2020 Energy and Utilities Market Outlook Report", according to the next seven years, the Middle East and North Africa (MENA) smart grid investment is expected to reach $17.
6 billion, and the region's increased investment in renewable energy is the main factor
promoting the growth of smart grid investment.
"Almost all MENA countries are building or planning renewable energy projects, including solar and wind," explained Claudia Konieczna, director of the Middle East Energy Exhibition, "The sharp drop in the cost of photovoltaic solar has prompted utilities in the region to develop a number of large-scale solar projects, and analysts believe that solar energy will account for 37%
of the region's clean energy production by 2025.
"
Renewable energy is also one of the five key product areas for energy in the Middle East, which include power generation, transmission and distribution, digitalization, and energy consumption and management
.
Claudia Konieczna added, "The impact on the smart grid market is enormous, as the utilization of renewable energy cannot be effectively increased through traditional grid systems, which are now obsolete
.
”
Doug Waters, director of global energy services at Uniper Energy Services, said the trend of renewable energy as the region's preferred energy source will force the MENA region to rethink grid infrastructure, and grid transformation in the MENA region is essential
to optimize the use of renewable energy.
"As renewable energy penetration increases and distributed grids are enabled, including demand for new technologies and electric vehicles, the grid must adapt
.
Issues such as identifying demand and generating electricity in real time (even if deeply embedded), managing inertia, voltage control and other services will require the use of new grid technologies and digital technologies," explains Waters
.
