Financing the Energy Storage Sector: Strategies for the Middle East

Time: 13:50 - 14:40
Date: Tues 7th April

Synopsis

The Middle East is rapidly emerging as a global hub for energy storage innovation and investment, driven by a unique dynamic of collaboration between sovereign wealth funds and private sector partnerships. Unlike other markets, the region’s sovereign wealth funds play a pivotal role in shaping the financing landscape, leveraging their significant capital reserves to de-risk projects and attract private investment.

By examining the role of multilateral development banks, export credit agencies, and the impact of currency fluctuations, this session will explore how innovative funding mechanisms can overcome challenges in emerging markets. The discussion will also highlight long-term trends in energy storage financing, positioning the Middle East as a leader in sustainable energy investment and a key player in the global energy transition.

  • Examining the role of government-led initiatives and private sector partnerships in funding energy storage projects
  • Positioning the Middle East as a global hub for energy storage innovation and investment
  • The role of sovereign wealth funds, multilateral development banks, commercial banks and export credit agencies in supporting energy storage projects
  • Analysing the impact of currency fluctuations on financing energy storage projects in emerging markets
  • Long-term trends in financing energy storage as a critical enabler of renewable energy integration in the Middle East

Moderator

  • Tarig Ahmed Regional Programme Officer - MENA - International Renewable Energy Agency

Speaker

  • Yosra Assaker Senior Energy Specialist - World Bank Group
  • Sukh Sidhu Director, Energy - SociĂ©tĂ© GĂ©nĂ©rale
  • Hammad Rabbani Managing Partner, Renewables & Energy Storage - Burj Capital

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