Israeli Companies to Develop Renewable Energy Projects in MENA

Israeli energy companies Enlight Energy and NewMed Energy,  announced a plan to jointly develop, bankroll, build, and manage renewable energy projects across the Middle East and North Africa (MENA).   The companies goal is to enter into the renewable energy markets in Morocco, the United Arab Emirates, and Bahrain.  Enlight and NewMed said they plan to work on projects related to solar energy, wind energy, and energy storage projects in these countries and explore new opportunities in the region.  These efforts and others like them will show significant gains in the renewable energy sector.  Enlight CEO Gilad Yavetz said regional events in recent years have led to “the emergence of an unprecedented opportunity, which started with natural gas and which will extend into the renewable energy sector.”

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