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According to the Global Solar Market Attractiveness Index released by GTM Research, a US market research firm in collaboration with the Saudi Arabian Solar Energy Industry Association, Blue Horizon Energy and Global Energy Analytics, Saudi Arabia, Bahrain, Jordan, Oman and the United Arab Emirates are expected to have cumulative installed PV capacity of about 22.
4 GW
by 2023.
In 2018, the five countries in the Middle East will tender 8 GW of photovoltaic capacity
Analysts also expect the five countries to offer tenders for about 8 GW of PV capacity in 2018
.
Growth in the coming years will be driven primarily by a large number of utility-scale projects and low solar prices recorded in the region
.
Despite significant cost reductions and the introduction or development of net metering policies, the region is still far from fully exploiting the huge potential
of solar distributed generation, the index report said.
The development of solar and distributed generation in these countries has been curbed
by artificially lower residential and commercial electricity prices leading to delays in the adoption of metered distributed solar solutions, the report said.
According to the International Monetary Fund, fuel subsidies in these five markets totaled nearly $150 billion in 2015, with Saudi Arabia accounting for 72 percent
of the total.
In these key markets, retail electricity subsidies range from 54 to 98 percent of residential electricity consumption and 16 to 96 percent of commercial electricity use
.
The report said
.
However, this could change in the near future, as the recent drop in oil prices is pushing several governments in the region to rethink their subsidy policies
.
According to reports, only two countries, Jordan and the United Arab Emirates, are currently providing opportunities
for commercial solar projects.
"These findings suggest that distributed PV is unlikely to account for a large percentage of demand
in the market without below-market installation costs, accelerated phase-out of retail subsidies, or similar incentive programs that level the playing field.
" Aaron Morrow, Managing Partner at Global Energy Analytics, said: "Utility-scale project tenders dominate, creating a contractual project pathway with little potential market ecosystem
.
”
，
According to the Global Solar Market Attractiveness Index released by GTM Research, a US market research firm in collaboration with the Saudi Arabian Solar Energy Industry Association, Blue Horizon Energy and Global Energy Analytics, Saudi Arabia, Bahrain, Jordan, Oman and the United Arab Emirates are expected to have cumulative installed PV capacity of about 22.
4 GW
by 2023.
In 2018, the five countries in the Middle East will tender 8 GW of photovoltaic capacity
In 2018, the five countries in the Middle East will tender 8 GW of photovoltaic capacityAnalysts also expect the five countries to offer tenders for about 8 GW of PV capacity in 2018
.
Growth in the coming years will be driven primarily by a large number of utility-scale projects and low solar prices recorded in the region
.
Despite significant cost reductions and the introduction or development of net metering policies, the region is still far from fully exploiting the huge potential
of solar distributed generation, the index report said.
The development of solar and distributed generation in these countries has been curbed
by artificially lower residential and commercial electricity prices leading to delays in the adoption of metered distributed solar solutions, the report said.
According to the International Monetary Fund, fuel subsidies in these five markets totaled nearly $150 billion in 2015, with Saudi Arabia accounting for 72 percent
of the total.
In these key markets, retail electricity subsidies range from 54 to 98 percent of residential electricity consumption and 16 to 96 percent of commercial electricity use
.
The report said
.
However, this could change in the near future, as the recent drop in oil prices is pushing several governments in the region to rethink their subsidy policies
.
According to reports, only two countries, Jordan and the United Arab Emirates, are currently providing opportunities
for commercial solar projects.
"These findings suggest that distributed PV is unlikely to account for a large percentage of demand
in the market without below-market installation costs, accelerated phase-out of retail subsidies, or similar incentive programs that level the playing field.
" Aaron Morrow, Managing Partner at Global Energy Analytics, said: "Utility-scale project tenders dominate, creating a contractual project pathway with little potential market ecosystem
.
”
，
