Categories: Business

Saudi Arabia and the UAE leading the region’s renewable energy charge: S&P Global Ratings


Fri, 2023-03-03 12:46

RIYADH: Saudi Arabia and the UAE are leading the region’s fight against climate change by producing 90 percent of the Gulf’s renewable energy, according to S&P Global Ratings.

The US-based agency said that by the end of 2021, installed solar capacity in the two countries surged from 165 megawatts in 2016 to three gigawatts.

This increase helped fuel the renewable energy growth, with the UAE responsible for 77 percent of the output in 2021.

According to the report, Saudi Arabia and the UAE intend to continue making investments in the renewables sector. 

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Iranian footballers who defied Tehran become Australian citizens

Two Iranian female footballers who publicly defied their government have become Australian citizens.Atefeh Ramezanisadeh, 34,…

2 hours ago

Sunshine to meal times: How to beat jet lag

With bags packed and boarding passes at the ready, what can you do to keep…

11 hours ago

New walk-in mental health centres to open in banks and libraries across England

Prime Minister Andy Burnham said: "Nobody should be left to struggle with their mental health…

13 hours ago

Iran says it has agreed Strait of Hormuz shipping route with Oman

Iran says it has reached an agreement with Oman on a route for shipping through…

14 hours ago

Israel strikes south Lebanon after first evacuation warning in weeks

One person has been killed in an Israeli strike in southern Lebanon, the country's health…

15 hours ago

UN rights chief alarmed by rise in Iran executions since March

In a statement, Türk urged Iranian authorities to halt all executions and move toward the…

21 hours ago