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According to the 2018 Middle East Wind Outlook report, the Middle East wind power market will add 12 GW of wind power between
2018 and 2027.
The region will benefit from improved macroeconomic stability, which will lead to strong growth
in electricity demand.
In addition, the desire for economic diversification, significant reductions in wind power, and stable electricity costs and rapid population growth will drive the development of the wind power market in the region
, the report said.
Saudi Arabia, Iran and Jordan are the main drivers of this growth, which includes nearly 70% of installed wind capacity
.
With the first commercial project expected in 2019, Saudi Arabia will receive 1.
2 GW of wind power in 2018 and start projects in the second half of next year to improve the financing environment to support wind market growth
after 2020.
With the support of its Green Corridor project, Jordan will add more wind capacity
in 2018 than any other country in the Middle East.
Green Corridor Project II will support a long-term vision to build the necessary grid infrastructure
for renewable energy projects.
Growth in smaller emerging markets in the region, such as Israel, Lebanon or Oman, is deeply dependent on the performance of
individual projects, the report said.
In addition, political stabilization in conflict zones such as Syria, Iraq and Yemen will support wind power development
in these countries from 2022.
In the long term, the political risks and favorable conditions for solar PV may limit wind power growth
in the region.
For example, neither Saudi Arabia nor Iran have set long-term wind targets, a fact that could slow market growth
in 2023.
In addition, the report notes that solar PV is quickly becoming the preferred technology
in the region.
The cost position and solar resources of the region pose a considerable threat
to wind power generation.
However, as the cost of wind power falls and the track record is established, wind power development will accelerate.
Several large-scale projects are expected to come online in 2018, resulting in significant year-on-year growth and foreshadowing continued annual capacity
additions in the region.
(This article first published cable network: /, please indicate the source for reprinting)
According to the 2018 Middle East Wind Outlook report, the Middle East wind power market will add 12 GW of wind power between
2018 and 2027.
The region will benefit from improved macroeconomic stability, which will lead to strong growth
in electricity demand.
In addition, the desire for economic diversification, significant reductions in wind power, and stable electricity costs and rapid population growth will drive the development of the wind power market in the region
, the report said.
Saudi Arabia, Iran and Jordan are the main drivers of this growth, which includes nearly 70% of installed wind capacity
.
With the first commercial project expected in 2019, Saudi Arabia will receive 1.
2 GW of wind power in 2018 and start projects in the second half of next year to improve the financing environment to support wind market growth
after 2020.
With the support of its Green Corridor project, Jordan will add more wind capacity
in 2018 than any other country in the Middle East.
Green Corridor Project II will support a long-term vision to build the necessary grid infrastructure
for renewable energy projects.
Growth in smaller emerging markets in the region, such as Israel, Lebanon or Oman, is deeply dependent on the performance of
individual projects, the report said.
In addition, political stabilization in conflict zones such as Syria, Iraq and Yemen will support wind power development
in these countries from 2022.
In the long term, the political risks and favorable conditions for solar PV may limit wind power growth
in the region.
For example, neither Saudi Arabia nor Iran have set long-term wind targets, a fact that could slow market growth
in 2023.
In addition, the report notes that solar PV is quickly becoming the preferred technology
in the region.
The cost position and solar resources of the region pose a considerable threat
to wind power generation.
However, as the cost of wind power falls and the track record is established, wind power development will accelerate.
Several large-scale projects are expected to come online in 2018, resulting in significant year-on-year growth and foreshadowing continued annual capacity
additions in the region.
(This article first published cable network: /, please indicate the source for reprinting)
/
