24 Apr '14, 2pm

Solar Is Booming! Middle East & #Africa #solar #PV demand to triple to 4.4GW by 2018 @Solarserver

NPD Solarbuzz (Santa Clara, California, U.S.) has released a new report where it predicts that solar photovoltaic (PV) demand to grow 50% in the Middle East and Africa in 2014 to 1.6 GW. It also finds that demand will nearly triple to 4.4 GW by 2018, with an upside potential of 10 GW, and expects that ground-mounted PV plants will represent 70% of this market. Solarbuzz estimates that PV demand in the region grew 670% in 2013 to more than 1 GW. “Solar PV represents an ideal renewable energy type across much of the Middle East and Africa,” notes NPD Solarbuzz Analyst Susanne von Aichberger. “Even so, market drivers and constraints differ greatly between the two regions.” Saudi Arabia to become the largest PV market in the Middle East NPD Solarbuzz notes that in most of the Middle East PV is seen as a means to preserve oil and gas reserves. The company estimates that Middle ...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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