3.5GW MENA PV market by 2015

A 2MW system installed by Conergy in Saudi Arabia.

A 2MW system installed by Conergy in Saudi Arabia.

The Middle East and North Africa (MENA) region will be installing nearly 3.5GW of solar capacity a year by 2015, led by Saudi Arabia and Turkey, according to a new report published by GTM Research.

The increase, from an almost negligible level today, reflects the wrenching shift from incentive-led markets in places like Germany and Italy to those with “fundamental solar drivers”, such as lots of sun, growing electricity demand, and high power prices.

Total power-generation capacity in the Gulf Cooperation Council, comprising the Arab states around the Persian Gulf, is expected to rise by at least 60GW over the next five years, fuelled by population growth, urbanization and economic expansion in the region.

The rapid blossoming of the MENA market, home to many of the world’s largest Log in to read complete article.

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