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Renewable energy investments to top US$35bn: MEE report

Digitalisation and renewables will be front and centre at MEE 2020. (Image source: Bruno /Germany/Pixabay)

Investment in renewable energy in the MENA region will top US$35bn per year by the end of 2020, said a report at the Middle East Energy expo in Dubai

The Middle East Energy exhibition and probing conference series opened on 3 March and will be running until 5 March at the Dubai World Trade Centre.

Set against the background of an industry in the midst of major disruption and transformation, the show, previously known as Middle East Electricity, has attracted more than 1,100 exhibitors from more than 130 countries.

During the event, the industry heavyweights will be demonstrating breakthrough technologies that are changing the entire energy eco-system, with power capacity in the Mena region set for annual 6.4 per cent growth through 2022, according to the Energy & Utilities Market Outlook Report 2020, produced by the event organiser Informa Markets.

According to experts, the digitalisation and renewables will be at centre of discussions at the Middle East Energy expo.

Underlining its reputation at the forefront of energy sector innovation, Middle East Energy launched its plenary sessions of the much-anticipated conference series.

The conference?s opening session - held under the theme ?Energy in Transition, Connecting the World: Demand, Digitalisation, Diversification? ?features energy luminaries Nasser Saidi, Chairman, Clean Energy Business Council (Mena); and Yousif Al Ali, Executive Director, Masdar, and Gauri Singh, Deputy Director General, Irena.

These sessions are expected to unearth major insights into future developments in an industry battling with a complex mix of sustainability and conservation needs alongside rising global power demand.

This year?s expanded Middle East Energy knowledge programme also features a dedicated ?Digitalisation in Energy Conference?, which has a focus on digital grids and digital future cities and a conference devoted to renewables.

Visitors to Middle East Energy will find a technology showcase across the event?s five product sectors of power generation, renewables, transmission and distribution, energy conservation and management and digitalisation.

?As energy demand continues to rise and renewables play an ever-increasing transformative role, Middle East Energy will once again be at the forefront of driving discussion and setting the agenda to meet global power needs,? remarked Claudia Konieczna, the exhibition director at Informa Industrial Group.

?The show has once again attracted the major players showcasing the latest breakthroughs while taking a deep-dive into hot industry topics such as digitalisation. With Expo 2020 on the horizon, Middle East Energy will shine the spotlight on many solutions that will be optimised when Dubai welcomes the world again in October,? she added.