FACTS in the Middle East: A Look at the Historical Landscape and Evolving Market Trends

by May 25, 2022

The Middle East has primarily relied on oil and gas resources to meet power needs. However, Middle Eastern countries are gradually increasing the share of renewables in their generation mix. KSA and UAE are the key countries which are actively participating in this transition, with the UAE leading the way with 8% of renewable share in the generation mix till date. KSA and UAE have remained major demand centres, but the energy transition is changing the landscape in the Middle East and even in Africa. The region has a substantial presence of SVCs supporting the utility sector to keep grid stability intact. In recent years, the regional FACTS market has observed a number of STATCOMS being deployed in support of utilities and the industrial sector (mainly steel and O&G).

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