24 Apr '14, 7pm

@solarbuzz

@solarbuzz

Saudi Arabia to become leading PV country in 2016, driving the MEA market to 4.4 GW by 2018 Santa Clara, Calif., April 24, 2014 —Solar photovoltaic (PV) demand from the Middle East and Africa (MEA) region is set to grow 50 percent year-over-year in 2014. Between 2014 and 2018, annual PV demand will nearly triple as the MEA region becomes a key market for the global industry, according to findings in the latest NPD Solarbuzz Emerging PV Markets Report: Middle East and Africa . By 2018, annual PV demand in the MEA region is expected to reach 4.4 GW, with an upside potential of 10 GW. PV demand from the MEA region in 2013 grew by 670 percent, compared to 2012 when the region added approximately 140 MW. Previously, the region had a substantial share of small off-grid PV systems; however, in 2013, the on-grid segment became the main factor driving growth to more than 1 GW, with...

Full article: http://www.solarbuzz.com/news/recent-findings/middle-east...

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