The outlook for renewable energy in the GCC: Mostly sunny with a chance of rain

Co-written with Dr. Raed Kombargi, Dr. Yahya Anouti, and Ramzi Hage

There are several factors that make rapid deployment of renewables an attractive opportunity for the GCC. These include plentiful, high-yield renewable resources; an natural gas shortage; and an established independent power plant (IPP) model, which makes cheap, long-term project finance available and can attract the necessary private and foreign investors. To capitalize on that opportunity, GCC governments should take six critical actions intended to create a policy framework that supports open, transparent, and competitive investments in renewables generation capacity.