What are the renewable energy market dynamics in the Middle East & Africa?
February 2, 2023 ⚊ 1 Min read ⚊ Views 94 ⚊ TECH
The introduction of FiTs has played a major role in creating and growing the renewable energy market in the MEA region. Every country that had introduced FiTs has seen positive effects of the move in the same or subsequent years. Establishing a dedicated agency to coordinate the promotion of one or more renewable technologies has also gone a long way in supporting market growth as seen in the case of Morocco. There was a sharp increase in solar capacity in 2010 after the formation of the Moroccan Agency for Solar Energy (MASEN).
Political turmoil has been one of the destabilizing factors in arresting the spread of renewable energy in the Middle East, and African region. Countries such as Iraq and the Syrian Arab Republic in the Middle East, and Angola in Africa which has been torn by local strife, have seen little development of dedicated policies to promote renewable energy.
