GCC countries had set lofty targets for ramping up their renewable energy capacity in the coming years as part of their long-term visions. For instance, Kuwait and Saudi Arabia have set a target of 15% and 30% of their respective power generation to come from renewable and other clean energy sources by 2030.
Will COVID-19 reduce the appetite for renewable energy projects in the GCC?
The outbreak of COVID-19 has deeply impacted global economies, pushing them into a recession. As health and economic concerns continue to mount, the near-term outlook for renewable energy projects look weak. ....
Electric and Hybrid Vehicles – How soon can they disrupt in GCC?
Global demand for electric vehicles is expected to surge during the next few decades. The market was valued at almost USD 103bn in 2015 and expected to be close to USD 400bn by 2024....
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- Mrs. Rana Adawi, Chairperson and Managing Director of Acumeno Asset Management
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