Hunger for Power in the GCC

With the unprecedented economic growth and the construction boom of the Gulf countries comes an unprecedented appetite for energy. According to a recent estimate by Moody’s, the GCC will need an investment of $35 billion for the 10 years to keep up with the energy demand.

The states have been very smart about how to make such investments. Considerable attention is paid to ensuring that capital often flows into projects and companies that both contribute to local infrastructure and transfer intellectual property and know-how to the region.

Our projection is that solar power shall prove to be a dominant long term source of energy for the region. It is both abundant and with the right technology its economically feasible to produce.