Winds of Change: New Report Predicts Gusts of Growth for Middle East and Africa’s Onshore Wind Market
A new report by ResearchAndMarkets.com indicates that the onshore wind power market in the Middle East and Africa is poised for robust growth over the next decade, driven by strategic partnerships, policy shifts and technological innovation.
The analysis, titled “Middle East and Africa Onshore Wind Power Market – A Regional and Country Level Analysis, 2023-2033,” provides a comprehensive examination of market trends, growth drivers and the competitive landscape across the region.
Commercial and industrial players, utilities and other end users are expected to spur demand amidst a broader transition to renewable energy sources like wind and solar. Morocco, Egypt, Saudi Arabia and South Africa have emerged as early leaders, with investments aimed at enhancing energy security and meeting climate goals.
“Aligning with new regulatory frameworks and sustainability targets, stakeholders and newcomers are poised for a transformative decade in onshore wind power investments,” the report states. As environmental priorities realign with energy policies, the MEA region is set to witness a transformation in its energy sector.”
Strategic partnerships between global wind turbine manufacturers like Siemens Gamesa, Vestas and GE Renewable Energy and regional developers are providing tailwinds for the industry.
“Collaboration and joint ventures stand as pivotal strategies for harnessing growth in the MEA onshore wind power market,” according to the research.
Morocco aims to source 52% of its installed electrical capacity from renewables by 2030, with wind power expected to contribute over one third of the country’s renewable energy mix. The kingdom hosts Africa’s largest wind farm – the 301 MW Tarfaya Wind Farm developed by Nareva Holding.
In Egypt, the Gulf of Suez has emerged as a wind power hub given its world-class wind speeds. The 200 MW Ras Ghareb wind farm developed through a consortium between Engie, Toyota Tsusho Corporation and Orascom Construction is part of the country’s push toward 42% renewable energy use by 2035.
Saudi Arabia is targeting 59 gigawatts of renewable energy capacity by 2030 under its Vision 2030 plan as it seeks to diversify its economy away from hydrocarbons. The 400 MW Dumat Al Jandal wind farm led by a consortium of EDF Renewables and Masdar is poised to become one of the largest wind farms in the region.
South Africa, which sources 90% of its electricity from coal, is working to procure 6.8 gigawatts of wind and solar capacity by 2030. Independent power producers like Mainstream Renewable Power are leading the transition, with the 1.4 gigawatt Nxuba wind mega-project expected to be one of the biggest in Africa.
The analysis segments the market into end users, grid connectivity, wind capacity, power output and country to provide stakeholders with actionable insights. Competitive benchmarking of leading players like Siemens Gamesa and Vestas is also a key feature.
“With a succinct overview of market trends, key players, and strategic imperatives, entities in the wind power sector can anticipate the direction of market evolution with clarity and confidence,” the report concludes.
