Renewable energy sources are forecast to account for 13% of the total electricity generation capacity in Kuwait by 2035, compared with 0.57% in 2023, according to GlobalData’s power capacity and generation database. GlobalData uses proprietary data and analytics to provide a complete picture of Kuwait’s renewable energy market in its Kuwait Power Market Outlook to 2035 report. Buy the report here.
Of all renewable energy sources, the share of solar PV power generation capacity is forecasted to change from 0.26% in 2023 to 11% in 2035.
The share of solar Thermal power is expected to reach 0.50% in 2035, compared with a 0.06% share in 2023. Biopower is forecast to account for 0.29% shares of Kuwait’s total electricity generation capacity, in 2035, as against 0.00% shares in 2023.
In terms of capacity additions, the total renewable energy capacity is expected to see 4264.21 MW of additions in Kuwait during the forecast period while the non-renewable energy segment is likely to see 9750 MW of additions.
CAGR growth of key renewables in Kuwait
Renewable generation capacity in Kuwait is expected to reach 4GW in 2035 at a CAGR of 35% during 2023-2035.
Solar PV power is expected to record highest growth rate of 43.09% by 2035, followed by wind with 25%. Other renewable energy sources such as solar thermal is estimated to have growth rate of 14%.
CCS plants in pipeline in Kuwait
A total of one carbon capture and storage (CCS) plants are expected to be developed in Kuwait by the end of 2035.
For more detailed analysis of the renewable energy market in Kuwait, buy the report here.
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