Wind will add almost 40GW in the Middle East and Africa (MEA) region between this year and 2026, fuelled by “tremendous resources”, growing power demand, falling costs and “an increase in experience and best practices across the value chain”, according to consultancy MAKE.
The capacity additions – up from a cumulative 4.2GW in place at the end of 2016 and representing a compound annual growth rate of 22% – will be accompanied by a 15% regional fall in wind’s levelised cost of energy (LCOE) by 2022, said MAKE’s latest Middle East and Africa Wind Power Outlook.
