What will the Middle East solar PV market look like in 2025?

There are many more in the works, which will provide possibilities for renewable energy professionals too. In the forecast period of 2020-2025, the Middle East solar PV market is estimated to grow at a CAGR of more than 8%.

Which energy sources are used in the Middle East?

Potential renewable energy Currently, most of the energy in the Middle East is produced by steam-based power plants powered by natural gas or oil, some of which provide both electricity and heat.

Could solar power help the Middle East?

Experts say solar could help ― it is cost-competitive, it is quicker to install and can be deployed either at scale for large communities, or in a modular way on rooftops, or for small factories. Some Middle East countries have a natural advantage when it comes to meeting power demand, harnessing their massive wealth of natural resources.

Why is energy a problem in the Middle East?

Even while the Middle Eastern countries that import energy enjoy cheaper energy costs, several of these nations have experienced war, social disorder, and political upheaval, which has made the position of the energy of the region very difficult. Water shortages are another significant issue in the Middle East.

Are solar PV projects coming to the Middle East?

Solar PV utility-scale projects have been increasing across the Middle East, with widespread support in all countries. During the projection period, several ambitious photovoltaic projects are projected to fuel the solar market in the next few years.

Could a regional transmission system satisfy future energy demands in the Middle East?

The predicted technical result shows that the Middle East region is rich in potential solar and wind, which is the most probable option to satisfy future energy demands via a regional transmission system owing to the severe intermittent nature of renewable energy resources.