MENA Talks: Corporations

The Rise of Renewables in the MENA region


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Demand for energy in the Middle East is rising at four times that of the global average, and the advancement of renewable energy is gathering pace. According to a 2016 report by the National Bank of Abu Dhabi (NBAD), the volumes of renewable energy have been greater in the developing world than in OECD nations. Developing countries have the opportunity to implement more intelligent energy solutions, and the financial markets can act as a catalyst for this evolution.
The business landscape in the Middle East offers a number of opportunities to tailor financing to the requirements of the renewable energy sector. The existing public private partnership model is an advantage, and the region can also look to mature markets for key takeaways on how the financial community can make the best investment decisions.
But is the Middle East fully prepared to take up this challenge? Most renewable energy is intermittent by nature, so are there enough smart storage solutions? With more efficient technology increasingly available, could renewable energy be a game changer?
In this episode of MENA Talks, we hear from Nathan Weatherstone, the head of Renewables Energy at NBAD, as we discuss the opportunities, challenges and potential rewards of renewable energy investment.
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MENA Talks: CorporationsBy Thomson Reuters