Switching To Renewable Energy Could Save The GCC USD 55-87 BN By 2030

The GCC could save between USD 55 billion and USD 87 billion by 2030 when switching to renewable energy, event organisers announce ahead of the Big 5 Solar next month. According to the “GCC Solar Market Overview” report by BNC Network, research partner for the event, a key driver for the developing solar market is an increasing focus upon energy diversification strategies which seek to supply a population surge in the region.

Large-scale projects such as the Makkah Solar Power Plant in Saudi Arabia (USD 640 million), and the 1,177 megawatt Solar Photovoltaic Plant in the UAE (USD 872 million), signify an upward trajectory in the GCC solar market in particular and lead the way for improved clean energy strategies and advancements in solar technology.