MENA’s Renewable Energy Expands Swiftly, to produce 3.5GW Solar Power by 2015

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The renewable energy sector in Middle East and North African Regions (MENA) isMENA’s Renewable Energy Expands Swiftly, to produce 3.5GW Solar Power by 2015 progressing rapidly as countries are continuously unveiling projects to maximize its prosperous energy sources for economic growth and energy expansion.

Director of Informa Energy Group said that by 2015, solar plants in MENA powered by photovoltaic and solar thermal technology are set to produce 3.5 gigawatts (GW).

She is referring to the MENA Outlook 2013-2017 report published by US-based Greentech Media (GTM) Research, which forecast that solar energy is expected to exceed a combined output of 10GW in the region by 2017.

She said, “As of April, there were 106 renewable energy projects in the pipeline in the region, totalling over 7.5GW of new electric generation capacity. This is in addition to 10 major projects set to go ahead in the UAE, Kuwait, Oman, Egypt, Jordan and Morocco.”

Turkey and Saudi Arabi will be the main source to supply the major demand for solar energy with the latter leading the way towards the region’s first gigawatt scale solar market by 2015. “An increasing number of countries in the Middle East are keen to invest in the region’s thriving solar industry and with renewable energy sources in abundance – particularly solar power – the region is gradually tapping these resources to pave the way for a new market,” she added.

Due to a combination of of high solar irradiation, rising electricity prices and an increasing population throughout the region, Mathews said that the solar landscape in the region is set to boom and that the second edition of Solar Middle East, which will take place on February 11-13, 2014 at the Dubai International Exhibition Centre, will aim to cater to this growth.