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Sunday, May 28, 2023

De Felice (Intesa Sp), ‘renewables in North Africa and the Middle East will triple’ – Libero Quotidiano

Milan, 27 May. (Adnkronos) – “The latest data from the International Energy Agency show that the growth of renewable capacity in North Africa and the Middle East is expected to triple in the period 2022-2027, compared to the previous five-year period, reaching 45 Gw of new installations, mainly thanks to the solar”. This was stated by the chief economist of Intesa Sanpaolo, Gregorio De Felice, speaking at the Trento Festival of Economics at the meeting ‘Energy, industry, environment: the strategic triangle of the Mediterranean’.

“In the long term -explains De Felice- the turning point will come from green hydrogen, which can be produced thanks to solar energy and also imported with the already existing gas pipelines”. And therefore “the common challenges could be transformed into opportunities, in mutual interest and in a win-win perspective for the countries to the north and for those to the south of the Mediterranean”.

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