Over 2GW of solar to be tendered in 2016, report
MESIA expects 2,020 MW of solar generation capacity to be tendered in 2016
The optimistic forecast in the Middle East Solar Association’s (MESIA) annual outlook concludes that 2016 will be characterised by increasingly lower levelised costs of solar power, as the region’s photovoltaic (PV) and Concentrating Solar Power (CSP) market will be spurred on, rather than slowed down, by low oil and gas prices.
MESIA expects 2,020 MW of solar generation capacity to be tendered in 2016. In particular in Egypt, Jordan and Morocco installations will grow year-on-year.
Over 1,500 MW to commence in Egypt in 2016
According to MESIA, the Egyptian example shows that it is possible to develop a solar market quickly, even from scratch. Egypt’s new 2.3 GW solar program attracted a tremendously positive response from investors, and will see the first large-scale solar power plants being built this year. MESIA anticipates installations of over 1,500 MW to commence in Egypt in 2016.
Jordan, probably the biggest MENA market in 2016, has managed to overcome a challenge for further solar growth – it secured financing to improve its transmission network.
Noting that solar PV is cost competitive on an unsubsidized basis, the report expects growth also in those countries that have missed to jump on the solar train so far, like Saudi Arabia.