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Home - Energy Storage - The MENA region – the next hot energy storage market! – SPE
Energy Storage

The MENA region – the next hot energy storage market! – SPE

solarenergyBy solarenergyNovember 19, 2024No Comments2 Mins Read
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“The MENA region – the next hot energy storage market?” I asked in an article in October 2017. It took a little longer than I expected, but seven years later it’s time to replace the question mark with an exclamation point. It is indeed warm.

November 19, 2024
Florian Mayr

By ESS news

The MENA region is beginning to witness a dramatic increase in large-scale battery energy storage system (“BESS”) projects, accompanied by rising renewable energy penetration. This happened at a pace that seems to have surprised many market analysts.

In the past, forecasts for the MENA region showed a few GWh at best for the coming years. Typically, the region was not even split into individual countries, but combined into a broad ‘other’ bucket.

However, if you add up the figures for Saudi Arabia (KSA) alone, we arrive at 13 GWh of grid-scale BESS already operational or under construction today. And if we add recent tenders, this will lead to as much as 33.5 GWh of BESS capacity by 2026. This would make KSA the third largest global BESS market, after the US and China.

To read further, visit our ESS news website.

The views and opinions expressed in this article are those of the author and do not necessarily reflect those of the author pv magazine.

This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.

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Energy hot Market MENA region SPE storage
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