Russia’s war on Ukraine has unlocked unprecedented growth opportunities for the Middle East (ME) as Europe steers away from Russia for energy supply. The European Union’s commitment to end its reliance on Russian energy by 2027 and its focus on renewables and hydrogen offer ME countries a strong business case for energy investments, given that the region has recorded among the lowest levelized cost of energy (LCOE) in renewable power production globally. Also, climate change commitments and economic diversification efforts to transform Gulf Corporation Council (GCC) countries into industrialized economies will drive power and energy investments.
• What is the installed capacity of power generation assets in the region, and what is the total revenue potential?
• What are the growth opportunities available for new entrants and existing players?
• What is the revenue potential in prominent countries in the region?
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