8 February, 2023 Middle East energy transitions are picking up speed. Driven by well-designed auctions, favorable financing conditions and declining technology costs, renewables are being brought into the mainstream. The Middle East is set to become a market leader in renewable energy. Up to 90GW of renewable energy capacity, mainly solar and wind power, is planned across the MENA region over the next 10 to 20 years. Renewable energy will account for 34% of total power sector investments across the MENA region over the next five years.