Richard Ginika Izuora
The Middle East and Africa Solar System Market registered decent growth in past few years on the back of initiatives by various countries.
Report shows impact made by “Saudi Green Initiative 2030”, “Egypt Vision 2030”, “Bahrain Vision 2030”, “Kuwait Vision 2035” that led to the growth of solar system market in Middle East and Africa.
Moreover, the government in UAE aims to produce 50 per cent electricity from carbon-free sources by 2050, Bahrain plans to have 15 per cent renewable energy by 2035, Lebanon targets 30 per cent renewable energy mix by 2030 that would further augment the growth of solar system market in upcoming years.
Middle East and Africa Solar System Industry has grown significantly in the past few years owing to the construction of solar plants such as 300 MW Sakaka PV plant in Saudi Arabia, 3 MW Tatweer Petroleum in Bahrain along with Dubai Electricity & Water Authority had installed 1,276 solar panels till 2019 under the Shams initiative.
The construction of upcoming solar projects by Middle East and African nations such as Manah solar 1 and Manah solar 2 (Oman), Al-Ajban solar park (UAE), Saad solar PV project (Saudi Arabia), Kisumu solar one PV park (Kenya), Ashama solar power station (Nigeria) would propel the market for solar panels, solar inverters and solar batteries. Moreover, the rising contribution of solar energy in power generation across Middle East and African countries would drive the market for solar system in upcoming years.
Solar System Market in Middle East and Africa is also projected to grow in the future on account of the development of new solar power plant such as Hurghada Solar Park(Egypt), Aswan Solar Project(Egypt), Diass solar power station (Senegal), and Subiya Water Storage Solar PV Plant (Kuwait).