By Karl-Erik Stromsta in London
Wednesday, March 20 2013
The 2013 growth spurt will be driven by a large slug of capacity coming on line in South Africa under that country’s renewables programme. Some 1.45GW of capacity is slated for commissioning by the end of 2014 as part of the first two tender rounds.
Israel is expected to be the second largest MEA market in 2013, fuelled by quotas, tenders and a newly implemented net-metering scheme.
Between them, South Africa and Israel will account for 80% of the region’s PV demand in 2013, says Solarbuzz.
By 2017, however, Saudi Arabia is expected to become the region’s largest market, on its way to a 16GW PV target for 2032.
All told, the MEA region will likely be adding in the neighbourhood of 3.7GW annually by 2017 – although the actual figure could be significantly higher, predicts Solarbuzz.
At 3.7GW, the region would account for an estimated 6% of global demand, compared to 0.5% last year.
NEWS FROM OTHER NHST SITES
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Rechargenews content. Read more