Kuwait is among the most fossil fuel rich countries in the world. The country holds one of the world’s largest oil reserves and, as an OPEC member, is a top oil-exporting country. Oil sales represent half of the country’s GDP, and account for 95% of government income.
Kuwait’s electricity consumption relies almost entirely on oil products and natural gas for power generation. Currently, the country is facing important grid and capacity issues as well as rapidly growing energy demand. As a response to these shortages, the Kuwaiti government is planning to increase generation capacity in the next decades. Most of newly planned capacity will come from natural gas or oil, but the government also aims to generate 5% of its electricity from renewable sources by 2020, and 10% by 2030. These targets are to be achieved by capitalizing on the country’s wind and solar energy potential. Kuwait has also set energy efficiency targets to reduce energy consumption by 10% in the residential and industrial sector, as well as to improve power generation efficiency by 5% in the utility sector.
Kuwait is a RCREEE member state since 2014.