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Utilities

A New erA

Following the publication of Siemens’ Middle East Power – Outlook 2035 report, Big Project ME summarises some key findings to highlight how renewable energy can help power electricity generation in the region Share of renewables in the Middle East expected to triple by 2035

483Gw

Total power generation capacity by 2035 Enablers of future energy mix Power generation capacity from renewables 100GW (2035) 16.7GW (2016)

Over the last two years, the energy markets have witnessed significant shifts, ranging from drops in the price of oil to massive cuts in the pricing of renewables. As a result of these changes, oil-rich countries in the Middle East are making plans to step up their economic diversification programmes to ensure a future for their populations.

These shifting dynamics have also led to a transformation of the regional power market as energy independence and economic diversification continue to play a larger role, and as a result the world’s largest oil

34 February 2018

Natural gas Expected to be No.1 fuel for power generation Combined cycle power plants To dominate energy landscape

producing region is making a switch, ushering in a new era for electricity generation. Given their economic ambitions and the needs of their growing populations, these countries are in need of significant additional energy capacity. In fact, the Middle East is expected to require a total of 483 gigawatts (GW) of power generation capacity by the year 2035, a recently published report by Siemens reveals. Within this, the share of renewables in the power mix is expected to more than triple from the 5.6% (16.7GW) recorded

in 2016 to 20.6% (100GW) in 2035. This increase highlights the need for reliable and efficient energy storage solutions, as well as mixed power generation sources, to overcome the intermittent nature of renewables and achieve grid stability. “There is no doubt that renewable sources of energy, especially solar, will play a major part in the Middle East’s future power mix,” writes Dietmar Siersdorfer, CEO of Siemens Middle East and UAE, in the Middle East Power – Outlook 2035 report. “Nevertheless, we believe

Digitisation and cloud tech Firms to require cyber security Growth of decentralised energy systems

that natural gas will continue to be a dominant source of power generation through to 2035. Highly-efficient gas turbines, from large to small, will cater to these requirements. A healthy energy mix of renewables and natural gas will achieve the optimal grid stability to supply uninterrupted power to the region’s industries and homes.” According to the report, despite the growing share of renewables, natural gas is expected to remain the number one source of power generation in the region, representing 60% of installed capacity

Profile for Big Project Middle East

Big Project ME February 2018  

Big Project ME February 2018  

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