Mars Finance News, June 1st, "Fortune" magazine reported that, influenced by Iran's blockade of the Strait of Hormuz and the tense situation in Middle Eastern energy supplies, Gulf countries are accelerating the deployment of overseas renewable energy projects to enhance energy security and promote economic diversification. The International Energy Agency (IEA) stated that the ongoing Iran conflict for several months has caused one of the largest supply disruptions in the history of the global oil market. Facing escalating geopolitical risks, Gulf nations such as the UAE and Saudi Arabia are increasing investments in overseas wind, solar, and energy storage projects. Recently, UAE renewable energy giant Masdar signed a $2.2 billion joint venture agreement with France's TotalEnergies to integrate their onshore renewable energy businesses across nine Asian countries. Meanwhile, Abu Dhabi's sovereign wealth fund Mubadala has invested in the US energy management platform Power Factors and the UK Hornsea 3 offshore wind project. Data shows that as of January this year, Masdar's global renewable energy installed capacity reached 65 GW, further increasing from 51 GW in 2025, with a plan to reach 100 GW by 2030. However, the Hormuz Strait crisis is also impacting the Gulf region's own renewable energy development. According to data from Norwegian energy research firm Rystad Energy, in March this year, UAE solar module imports dropped from 767 MW in the previous month to 160 MW, Saudi Arabia's imports fell from 704 MW to 80 MW, and Oman’s imports dropped to zero. Meanwhile, due to supply chain disruptions and soaring transportation costs, the freight rate for 20-foot standard containers on the Shanghai-Gulf and Red Sea routes has risen from $980 before the war to $4,131, surpassing pandemic highs. Rystad predicts that renewable energy projects under construction in the Middle East may face delays of 3 to 12 months. Analysts believe that if the Hormuz Strait disruption continues into the second half of 2026, some renewable projects may be forced to postpone implementation until 2027, and more capital may flow into overseas markets with more stable supply chains.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
8
Repost
Share

Comment

Add a comment

BittersweetArb

· 8h ago

If the blockade is delayed until the second half of next year, the timeline for global green energy capacity installations will have to be completely rearranged.

View OriginalReply0

TheRetreatButtonIsVeryLarge.

· 18h ago

Regarding the part about freight rates soaring, should we start paying attention to shipping stocks?

View OriginalReply0

StopRaisingGasFees.

· 18h ago

Masdar 65GW to 100GW—this is the Middle East’s only top-tier growth rate

View OriginalReply0

FrictionlessFred

· 18h ago

The Gulf countries should have diversified their economies long ago; how many years can they rely on oil income?

View OriginalReply0

MempoolDrifter

· 18h ago

TotalEnergies is tied to Masdar; Europe's energy security now has a backup plan.

View OriginalReply0

FoldedCosmosCat

· 18h ago

Mubadala invested in software, invested in Sea Wind, and understood how to play the egg division basket.

View OriginalReply0

GateUser-78b4adc8

· 18h ago

When the strait is tense, freight rates rise faster than coins.

View OriginalReply0

GlassDomeBaskingInMoonlight

· 18h ago

Hormuz blockade, oil tycoons finally remember the photovoltaic panels.

View OriginalReply0

Trending Topics
View More
#
ShareYourUSStocksWinNvidia
23.92M Popularity
#
WinGoldBarsWithGrowthPoints
1.28M Popularity
#
NvidiaSurges6PercentToRecordHigh
2.87M Popularity
#
AnthropicFilesConfidentialIPO
480.7K Popularity
#
MicroStrategySells32Bitcoins
13.4M Popularity

Pinned

Sitemap

The Strait of Hormuz crisis accelerates Gulf countries' overseas renewable energy investments

Trending Topics

ShareYourUSStocksWinNvidia

WinGoldBarsWithGrowthPoints

NvidiaSurges6PercentToRecordHigh

AnthropicFilesConfidentialIPO

MicroStrategySells32Bitcoins

Pinned