PARIS / RIYADH — The International Energy Agency projects the GCC region will account for 40% of all new global renewable energy capacity additions by 2030 — a figure representing a fundamental reorientation of the global energy transition.
The projection is driven by three megaprojects: NEOM’s renewable energy complex generating over 4 gigawatts; the UAE’s Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar project; and Oman’s Green Hydrogen Programme targeting 30 gigawatts of electrolyser capacity by 2030.
