MESIA forecasts a massive 5.7 GW of solar capacity to be delivered across the region
The Middle East Solar Association (MESIA) sees a pipeline of more than 5.7gigawatts (GW) of upcoming solar projects throughout the MENA region.
“At MESIA, we are excited to see solar developments in the region going into fast-forward at attractive tariffs and lowering the carbon footprint of the regional economies,” said Wim Alen, Secretary General of MESIA.
World record tariffs provided solar with an important jump-start
2016 was a record-breaking year for solar in the Middle East. Record low tariffs below USD 0.03 per kWh attracted worldwide press attention and even more in September 2016 when price went below USD 0.0245 per kWh.
The world record tariffs provided solar with an important jump-start of more large scale solar projects in the Middle East in 2016 (e.g. Saudi Arabia, Kuwait, and Jordan) and will drive even more large-scale project announcements and executions in 2017 in other countries (e.g. Oman and Tunisia).
2017 solar PV pipeline exceeds 4 GW
In 2016, MESIA witnessed the following solar drivers and trends in the MENA region (PV, CSP, and ISCC): 885 MWAC in operation, 3,610 under execution and 1,300 under tender. In 2017, above 4,050 MWAC are in the pipe for the PV sector and 1,310 MW for the CSP sector including some hybrid plant PV and CSP.