The Middle East renewable energy market was valued at $48.03 billion in 2025 and is projected to grow to $136.88 billion by 2034, registering a compound annual growth rate of 12.34%, driven by rising electricity demand, energy diversification, and climate commitments. Iran lead the market with a 33.3% share, supported by strong government investment and abundant solar and wind resources. Solar power dominated with a 53.8% share, driven by high solar irradiance and falling technology costs, while industrial users accounted for over 50.9% of demand.

Egyptian President Abdel Fattah El-Sisi held talks with Scatec and Envision Energy to expand renewable energy cooperation and attract foreign investment into Egypt’s clean energy sector. The discussions focused on solar, wind, and energy storage projects, as well as localizing technology and strengthening domestic supply chains. Scatec and Envision Energy expressed plans to expand investments, citing government support and an improving business environment. The meeting also reviewed plans to advance solar generation, electricity storage, and wind power infrastructure.

Adani Renewable Energy Middle East, a wholly owned subsidiary of Adani Green Energy, was incorporated on February 25, 2026, in the United Arab Emirates to support the company’s international renewable energy expansion. The new entity will focus on generating electricity from clean energy sources and has an authorized capital of AED 10,000 (~$2,722.15), fully owned by the parent company through a cash investment. Adani Green Energy aims to expand its global renewable portfolio and advance its long-term strategy to scale clean energy capacity across emerging international markets.

Saudi Electricity Company invited bids for constructing multiple 380/33kV substations and associated overhead transmission lines to support upcoming renewable energy projects across the western, southern, and central regions of Saudi Arabia. The projects include substations for wind and solar power plants, such as Ashayrah Wind, Mastura PV, Tumair PV, and Al-Majmaah PV, as well as network expansions and interconnections. Separately, the Saudi Power Procurement Company has issued tenders for Round 7 renewable projects with a combined capacity of 5,300 MW.