WFES 2024
KSA is expected to outperform all other countries in the Middle East region for installed solar PV capacity at an anticipated CAGR of 63.4%. Note: The anticipated growth will have a strong
Currently, the construction of four additional new solar power plants with a capacity of 200 MW is engaged on site. Kom Ombo PV Solar Project, In October 2019, the EETC signed a solar PPA with a developer for a 200 MW plant at a price of $0.0275 per kWh that is expected to be completed in Q1 2021.
Carrying a minimum requirement of 17% local content as calculated by the mechanisms defined by the Local Content & Government Procurement Authority (LCGPA), six projects for a total of solar PV capacity of 1.47 GW, divided into two categories were tendered.
Green Hydrogen: Strong solar irradiation coupled with consistent wind resource potential across select locations provides an opportunity for green hydrogen production that can be cost competitive at a global scale. Solar Rooftops: Rising grid tariffs and reducing technology costs will result in an uptick in rooftop solar projects.
Floating Solar, Building Integrated Photovoltaics (BIPV) and Organic thin-film Photovoltaics are emerging in the industry, bringing in several advantages. However, many challenges are emerging to implement those technologies. Many MENA countries are looking to energy storage.
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