SIF Nabih Cherradi 2020
SIF Nabih Cherradi 2020
SIF Nabih Cherradi 2020
Famously endowed with fossil fuel reserves , some MENA countries are swimming in oil. …
….Without surprise, that the major power produced in the region comes from fossil fuel.
Growth over time,
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Electricity
consumption
total (Gwh) 207,292 234,564 264,440 307,133 353,647 383,181 427,519 478,047 529,102 589,732 661,859
% change
year on year 5.9 3.5 8 8.4 5.4 5.4 5.5 5.3 5.7 6
Electricity
consumption
per head
(Kwh) 6999.2 7,414.4 7,854.5 8,424.8 8,967.9 9,307.2 9,771.2 10,242 10,771 11,418 12,201
% change
year on year 2.4 -0.1 3.9 4.5 2.5 2.2 2.1 2.6 3.1 3.4
Source:Economist Intelligence Unit
The Economics of Necessity……
At least 18 of the 21 MENA countries have some type of renewable energy promotion policy
in place.
In order to attract developers, at the start, FITs have been adopted in at least 7 MENA countries.
Currently, all the new deals were under auction.
However, of all the policies employed by national governments to promote renewable electricity, the most common
was public competitive bidding for fixed quantities of renewable energy and public financing,
Vision 2030 identifies renewable energy as one of the pillars of economic diversification away
from oil,non-oil industry, which Saudis call yellow oil, “an-naft al-asfar” or solar energy
Localization tragets
Questions of Today and Tomorrow
Innovation Finance
Local
Price
Content
Knowledge
Reliability Visibility
Regulation ????
Necessary parameters for Local industry to thrive
➢ Political is essential to establish a legal and financial framwork to govern actions and activities,
➢ Needs of high degree of interaction between the governements, agencies, industries and the
universities for more synergies,
➢ Governments owned utilities companies, control the Grid access and largely energy production
Challenges & Opportunities