The GCC could require grid-related investments of US$50 billion to accommodate renewable energy capacity, says Middle East Energy report


Dubai, UAE – 23 February 2022: The GCC could require nearly US$50 billion of grid-related investments to support proposed capacity additions from renewables, according to Clean Energy – Going Beyond the Grid, a whitepaper prepared by Frost & Sullivan for Middle East Energy, the MENA region’s most reputable and comprehensive event for the energy sector.

The whitepaper revealed that for the GCC to diversify its power mix, investment in large-scale renewables capacity additions is required and would need corresponding increased investment in transmission and distribution networks to eliminate inadequacies.