DNV has forecast that the MENA region will add 860GW of new solar PV by 2040, and energy storage capacity will grow 10x by 2030.

Tunisian utility STEG is planning to build a 400-600MW pumped hydro energy storage plant, for a 2029 commissioning date.

Interest in energy storage in the Middle East is ‘ramping up significantly’, as we reported last week in an extract from this interview with IHS Markit analyst Julian Jansen. His firm is forecasting 1.8GW of energy storage for the region by 2025 – from an installed base of next-to-nothing today. Jansen talked us through some of the drivers, market dynamics and the general picture of what we might see developing.