The EU-GCC Clean Energy Network says the UAE and Saudi Arabia are the readiest among GCC countries for major development of power generation from renewable sources.
But an abundance of fossil fuels and subsidized energy prices present “prominent barriers to investment in renewable energy projects,” the organization’s ‘Renewable Energy Readiness Assessment Report: The GCC Countries 2011-12’, published on 22 July says. (CONTINUED - 501 WORDS)
