28 Apr '14, 6am

Spotlight on Africa: Renewable energy projects hold promise - Renewable Energy Focus

Looking at the future demand trends for those African countries that are moving rapidly toward adopting renewable energy strategies, it’s no surprise that those regions continue to draw investment dollars. A newly released report from NPD Solarbuzz shows new solar PV demand from the Middle East and Africa, or “MEA region,” is forecast to reach 1GW in 2013, when the final figures are tallied for last year. This would represent an increase of 625% Y/Y from 136 MW in 2012. “Historically, the MEA region lagged behind global PV markets, but it is starting to catch up,” said Susanne von Aichberger, analyst at NPD Solarbuzz. “By 2017, the region is forecast to account for 3.7 GW of annual PV demand, with the potential to reach up to 9 GW.” Although the MEA region benefits from very high solar insolation levels, existing PV deployment has been confined mainly to “development proje...

Full article: http://www.renewableenergyfocus.com/view/37959/spotlight-...

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