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The Five Countries In The Middle East Will Bid 8 GW PV Capacity In 2018
- Apr 28, 2018 -

The five countries in the Middle East will bid 8 GW PV capacity in 2018

According to the global solar market attraction index, published by GTM Research with the Saudi Arabian Solar Industry Association, blue horizon energy and global energy analysis, the cumulative photovoltaic capacity of Saudi Arabia, Bahrain, Jordan, Oman and the United Arab Emirates will reach about 22 by 2023. .4 GIS.



Analysts also expect that the five countries will offer about 8 gigawatts of photovoltaic capacity in 2018.

The growth in the next few years will be driven mainly by a large number of utility scale projects and low solar energy recorded in the region.

The index reported that, despite a substantial decrease in costs and the introduction or development of net measurement policies, the region is still far from making full use of the huge potential of solar distributed generation.

The report said that the development of solar and distributed generation in these countries was suppressed by artificially reduced residential and commercial electricity prices that delayed the use of distributed solar solutions.

"According to the International Monetary Fund report, the total amount of fuel subsidies in these five markets in 2015 was nearly $150 billion, of which Saudi Arabia accounted for 72% of the total. In these key markets, retail electricity subsidies account for 54% to 98% of residential electricity consumption, accounting for 16% to 96% of commercial electricity consumption. The report says.

However, this is likely to change in the near future, as recent oil prices are pushing many governments in the region to reconsider their subsidy policies. It is reported that only two countries in Jordan and the United Arab Emirates are providing opportunities for commercial solar energy projects.

"These findings suggest that distributed photovoltaic power is unlikely to occupy a large proportion of demand in the market without lower installation costs, accelerated elimination of retail subsidies, or an incentive plan to balance the competitive environment." Aaron Morrow, managing partner of the global energy analysis company, said: "public bidding for public utilities is dominant, creating a contract - oriented project approach, but there is little potential market ecosystem."