Mediterranean nations plan €682 billion renewable energy expansion
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Across the Mediterranean region, developers have announced or begun work on 552 gigawatts of solar and wind power projects.
This investment totals approximately €682.79 billion, exceeding the United States’ entire planned generation capacity of 548.3GW. Roughly two-thirds of these projects aim to be operational by 2030, which would increase the region’s solar and wind power by 43 percent and represent one-third of its total power mix.
While this development isn’t enough to meet all regional clean energy goals, analysts at Global Energy Monitor note that governments are enacting policies to support the energy transition. Spain currently leads Europe in prospective utility-scale solar power with 108.8GW and ranks third in wind power with 56.6GW. The country’s investment in renewables has already lowered electricity prices for consumers, saving the average household around €10 each month.
Egypt is also becoming a key player in North Africa, planning nearly 100GW of wind and solar projects, with a significant portion, 37.7GW, dedicated to producing green hydrogen. Researchers emphasize that upgrading Europe’s energy grid will be crucial for realizing the full potential of these planned projects and ensuring the Mediterranean region continues its progress towards clean energy.
