Russia and US battle for advantage in Ukraine war ahead of Trump's return    Fate of Gaetz ethics report uncertain after congressional panel deadlocked    Rust premieres at low-key film festival three years after shooting    Indian billionaire Gautam Adani indicted in New York on fraud charges    Indian students in the US outnumber Chinese for the first time in 15 years    US vetoes UN resolution on Gaza ceasefire, saying it doesn't guarantee release of hostages    Bill Gates: Saudi Arabia's great global roles enhance its position as a symbol of humanity    Traffic Department: Use of mobile phones while driving is main cause of traffic accidents in Madinah region    Saudi justice minister visits Eurojust to enhance judicial collaboration    SAMA and Nazaha join hands in combating corruption    Al-Khateeb: $100 million will be spent annually to train 100,000 Saudis in tourism    Logan Paul accused of misleading fans over crypto investments    Rafael Nadal: Farewell to the 'King of Clay'    Indonesia shocks Saudi Arabia with 2-0 victory in AFC Asian Qualifiers    Sitting too much linked to heart disease –– even if you work out    Yemeni Orchestra's captivating performances in Riyadh, showcasing shared cultural legacies    Future of Ronaldo's Al Nassr contract remains undecided, says Saudi Pro League CEO    Salem Al-Dawsari out for three weeks, Ruben Neves to return in January after surgery    GASTAT report: 45.1% of Saudis are overweight    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



KSA to lead in MENA solar output
Published in The Saudi Gazette on 12 - 01 - 2013

JEDDAH – The Middle East and North Africa (MENA) region will be installing nearly 3.5GW of solar capacity a year by 2015, led by Saudi Arabia and Turkey, GTM Research said in a new report.
The increase, from an almost negligible level today, reflects the wrenching shift from incentive-led markets in places like Germany and Italy to those with “fundamental solar drivers”, such as lots of sun, growing electricity demand, and high power prices.
Total power generation capacity in the Gulf Cooperation Council is expected to rise by at least 60GW over the next five years, fuelled by population growth, urbanization and economic expansion in the region.
The rapid blossoming of the MENA market, home to many of the world's largest carbon emitters, offers vast opportunities for the ailing global solar supply chain – both on the PV and concentrated solar power (CSP) side. But the region will also be challenging market for many existing PV companies, which will need to forge local partnerships for cultural and political reasons. The report, which predicts that MENA countries will account for 8 percent of global solar demand in 2015, was produced in association with the Emirates Solar Industry Association.
While the same basic factors will be behind growth in most MENA markets, a closer look at Saudi Arabia and Turkey – slated to account for 70 percent of MENA's demand in 2015 – underscores important distinctions between them.
Fundamentally, MENA countries are split between oil producers and exporters, and the financial structure of projects and drivers for investment are very different for the two categories.
The principal motivation behind Saudi Arabia's solar targets – 16GW of PV and 25GW of CSP by 2030 – is to conserve valuable oil for export.
Saudi Arabia's first solar project will likely be built in 2014. The Kingdom has also announced a renewable energy strategy which includes 16GW of PV facilities by 2030.
Meanwhile, Turkey is the first country in the region with a feed-in tariff (FIT) already in place, and will be the first MENA market to experience significant PV demand.
Turkey's push toward renewables is driven in part by its reliance on gas from Iran and Russia.
The commercial and industrial rooftop PV segments will form the basis of near-term Turkish demand.
Turkey has a formal 3GW solar target for 2023, but GTM believes it is likely to exceed that level of capacity significantly.
The MENA region possesses the greatest technical potential for renewable energy in the world with much of this potential attributed to solar energy. This potential is now starting to be more seriously considered, driven by rapidly increasing energy usage, high insolation rates, a young and empowered workforce, and an increasing awareness of the costs of burning natural resources.
The report noted that the MENA region has the “greatest technical potential” for renewable energy in the world, mostly in solar. The potential is believed to be driven by rapidly increasing energy usage, a young and empowered workforce and an increasing awareness of the costs of burning natural resources.
Scott Burger, GTM Research analyst and the report's author said: “In terms of solar energy, it is clear that the MENA region is set to experience significant change over the next five years. While Saudi Arabia will likely be the largest market in the long term, there will be significant opportunities throughout the region. With strategic planning and a solid development of local partners and supply chains, savvy companies will be able to capitalize on all of the opportunities in the region.”
Qatar has plans to install 1.8GW of PV capacity by 2014, Dubai aims to source 5 percent of its power supply from solar by 2030 and Abu Dhabi is commissioning a 100MW solar power plant.
The United Arab Emirates, Saudi Arabia, Jordan, Turkey, and Morocco, have ambitious solar power generation goals as well as evolving policies and regulatory frameworks to support these goals. Demonstration projects are being deployed in some countries, while large-scale projects are being deployed in others. However, in a region undergoing dramatic political and social change, questions remain as to the long-term outlook for solar energy. In this report, we discuss the drivers for adoption, the major players and stakeholders, the overall market structure, and the long-term outlook of each solar market in the MENA region. — SG


Clic here to read the story from its source.