Over 4,000 megawatts of solar to be tendered in Middle East this year

Posted · Add Comment

 

over-4000-mw-of-solar-to-be-tendered-in-middle-east-this-year

DUBAI: A solar industry body of Middle East countries have said it plans to set up 4,000 megawatts of solar projects this year, calling the renewable source of energy the single most attractive option for power generation. The upbeat forecast in the Middle East Solar Industry Association’s (MESIA) annual Middle East Solar Outlook, concluded that 2016 will be characterised by increasingly lower levelised costs of solar electricity, as the region’s solar energy market will be spurred on, rather than slowed down, by low oil and gas prices The MESIA represents over 150 companies including investors, installers, manufacturers, and solar professional service providers.

“Looking at the forecast for 2016 and the very tangible developments we’ve already seen in 2015, it’s hard not to be optimistic for solar energy’s potential in the region. We’ve gone from a couple of hundred megawatts in 2013 to almost 3,000 MW being tendered and developed in 2015, while an additional 4,000MW are expected to be tendered this year,

Source

Leave a Reply

Your email address will not be published. Required fields are marked *