Financing renewable electricity in the resource-rich countries of the Middle East and North Africa

Krupa, Joel; Poudineh, Rahmatallah

doi:10.26889/9781784670788

Cited by 12 publications

(3 citation statements)

References 25 publications

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“…Lifetime of all technologies is expected to be 20 years. WACC of 5 % is used for PV and of 8 % for all other technologies [29]. The CCPP can be operated using hydrogen from an electrolyzer or natural gas.…”

Section: Table 2 Overview Of Technology Assumptions For the Year 2030mentioning

confidence: 99%

Energy system design for deep decarbonization of a sunbelt city by using a hybrid storage approach

Walter¹,

Huber²,

Kueppers³

et al. 2019

Proceedings of the 13th International Renewable Energy Storage Conference 2019 (IRES 2019)

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With continuously falling cost of renewable power generation and ambitious decarbonization targets, renewable sources are about to rival fossil fuels for energy supply. For a high share of fluctuating renewable generation, large-scale energy storage is likely to be required. In addition to selling electricity, the reliable supply of heat and cold is a further interesting revenue pool, which makes hybrid storage technologies an interesting option. The main feature of hybrid energy storageas defined here-is to offer charging and especially discharging in different forms of energy by combining different charging, discharging and storage devices. They can address various demands (e.g. electricity and cold) simultaneously. Two hybrid storages, pumped thermal energy storage (PTES) and power-to-heat-to-x (x: heat and/or electricity) energy storage (PHXES), are investigated based on a technoeconomic analysis within this work. Both hybrid storage technologies are charged with electricity and can supply heat and electricity during discharging. They are implemented into a simplified energy system model of a prototype city in the earth's sunbelt in the year 2030 to find a cost-optimal configuration. Different cases are evaluated: a power-to-power case (P2P), where only an electric demand must be addressed and a power-topower-and-cooling (P2P&C) case, where the electric demand from the P2P case is divided into a residual electric demand and a cooling demand. For both cases, a natural gas-based benchmark scenario and a decarbonized, renewable-based scenario including the hybrid energy storage technologies are calculated. Both, total expenditures and CO2 emissions are lower in the P2P&C scenarios compared to P2P scenarios. PHXES plays a major role in both cases. PTES is part of the costoptimal solution in the P2P&C decarb scenario, only if its specific cost are further decreased.

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Section: Table 2 Overview Of Technology Assumptions For the Year 2030mentioning

confidence: 99%

Energy system design for deep decarbonization of a sunbelt city by using a hybrid storage approach

Walter¹,

Huber²,

Kueppers³

et al. 2019

Proceedings of the 13th International Renewable Energy Storage Conference 2019 (IRES 2019)

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“…These include sharp declines of 82% in the global levelized cost of electricity of utility-scale solar photovoltaics since 2010, exposure to high fossil fuel import bills (for instance, for Jordan and to a lesser degree the UAE), and the costs of foregone crude oil and petrochemical exports due to wasteful domestic consumption (e.g., in Saudi Arabia). 16 The 'financeability' of renewable energy projects varies across MENA 17 but is generally not a major problem, as many of the contributors note, with the exception of sanctions-hobbled Iran. Yet, as Krane, Bayulgen, Moore, and Obeid highlight in their chapters in this book, non-financial considerations such as prestige, regime legitimacy, and sovereignty are equally significant drivers of low carbon energy adoption.…”

Section: Low Carbon Energy In Menamentioning

confidence: 99%

Low Carbon Energy in the Middle East and North Africa: Panacea or Placebo?

Sim¹,

Mills²

2021

International Political Economy Series

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Over the next few decades, favorable economics for low carbon energy sources combined with stagnant oil demand growth will facilitate a shift away from today’s fossil fuel-based energy system. Although the transition will impact all countries, its effects are arguably more profound in the Middle East and North Africa (MENA). This is because MENA countries are major hydrocarbon producers and significant hydrocarbon consumers and because hydrocarbons underwrite the ruling bargain between states, societies, and business. This chapter provides an overview of the two major themes explored throughout this volume. The first explores the role, evolution, interactions, and efficacy of energy stakeholders; the second relates to the geopolitical balance at the bilateral and regional levels during the energy transition. The contention is that politics, more so than economics or environmental pressure, will determine the speed and scope of low carbon energy uptake in MENA. While politics facilitates the transition to a low carbon energy system in some countries, it complicates the pathway for others.

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“…RE implementation in the Gulf has been initially concentrated in research and administration applications, but recent years have shown that renewables appear poised to move from peripheral applications, such as isolated areas or research sites, to the mainstream utility-scale electricity markets in the region [10]. In this paper, it is argued that it is worthwhile to conduct an 1 3 analysis of RE development in the Gulf in its early stages to improve the understanding of challenges towards RE implementation from actual practices.…”

Section: Introductionmentioning

confidence: 99%

Assessing strengths and weaknesses of renewable energy initiatives in Oman: an analysis with strategic niche management

Al‐Sarihi

Cherni

2018

Energy Transit

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The paper assesses the strengths and weaknesses of renewable energy (RE) initiatives in Oman. The principal analytical tool is strategic niche management, an approach rooted in evolutionary innovations theory. The analysis of the strengths and weaknesses of RE initiatives is based on three internal dynamic processes: learning processes, actors' networking, and articulation of visions. This study draws upon secondary data and primary information collected from interviews, with stakeholders representing five selected RE initiatives in Oman. The findings indicate that RE initiatives, if managed properly, can drive large-scale implementation of RE in Oman. There are signs that the networks of actors, although small, are growing. Expectations, although fragmented, are high, positive and diverse. Learning processes do exist but are limited, narrowly techno-economic, and do not encompass social and institutional aspects surrounding new technologies. The paper concludes with policy recommendations to overcome weaknesses observed in studied renewable energy initiatives.

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Financing renewable electricity in the resource-rich countries of the Middle East and North Africa

Cited by 12 publications

References 25 publications

Energy system design for deep decarbonization of a sunbelt city by using a hybrid storage approach

Energy system design for deep decarbonization of a sunbelt city by using a hybrid storage approach

Low Carbon Energy in the Middle East and North Africa: Panacea or Placebo?

Assessing strengths and weaknesses of renewable energy initiatives in Oman: an analysis with strategic niche management

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