This market report offers an incisive and reliable overview of the photovoltaic (solar PV) sector of MENA countries for the period 2018 ÷ 2027...
Update: November, 2018
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data for charts and tables
Author: Renewable Market WatchTM
Pages: 214
Report production №: RMWIN34920181281
Delivery: Up to 24 hours by e-mail
Subscription: In the report price is included subscription for 1 year period with 4 qurterly updates
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This is unique thorough and detailed market report, which offers an incisive and reliable overview of the solar photovoltaic sector of MENA countries for the next long term period 2018 ÷ 2027. The number of fully permitted and ready to build projects is promptly increasing. Newly installed PV capacity in this region will exceed 7.4 GW by 2020. Rooftop market segment in many countries is not developed and forecasted to score significant growth in the near future. The report provides a complete picture of the market situation, dynamics, risks, current issues and future prospects. You will find more than 200 pages of valuable information in this unique in-depth analysis of the MENA countries solar PV market. With comprehensive market data this report brings clear and concise insights, to help investors, manufacturers and service providers in their decision making process. As 2016 and 2017 were challenging years for photovoltaic (solar PV) industry, the time for taking right decisions during 2018 and the next few years is limited. Fast changing market environment, requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. Reasons to buy this market report are, but no limited to:
- Solar resource potential in MENA countries
- Over 50 charts, maps and tables
- Historical market data provided from 2000 to 2017 and forecasts until 2027
- Overview of MENA photovoltaic (solar PV) market development 2007 ÷ 2027 by countries
- Development scenario of MENA countries photovoltaic (solar PV) sector until 2027
- Prosumer and Net Metering models, incentives and regulatory framework
- Database with 200+ major active and upcoming photovoltaic (solar PV) plants in MENA countries
- Attractiveness indices for photovoltaic (solar PV) investments in MENA countries
- SWOT Analysis (detailed in 5 pages)
- Overview of MENA legal and regulatory framework for RES generation by countries
- Project developers, EPC providers and Consultants in MENA countries
- Key organizations and stakeholders affecting development of the photovoltaic sector by countries
- Comprehensive review of smart grid development in MENA countries
- Investment potential and opportunities
At next pages you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". Table of contents is referential and may vary upon report updates. If you have any other questions or data requests please do not hesitate to call us on ++44 203 60 80 138 or write an e-mail to orders@renewablemarketwatch.com
FOREWORD 9
1. METHODOLOGY 11
1.1. Methodology 11
1.2. Limitations 14
2. EXECUTIVE SUMMARY 15
3. MENA COUNTRIES RENEWABLE ENERGY POLICY LANDSCAPE 18
3.1. Renewable Energy Support Programs for MENA countries 18
3.2. Renewable energy mandatory targets for MENA countries 18
4. MENA COUNTRIES ENERGY MARKET 20
4.1. General electricity market information 20
5. WORLD PHOTOVOLTAIC ENERGY MARKET 25
5.1. PV modules and PV systems costs 25
5.2. Market overview 28
5.3. Future development trends 34
6. EUROPEAN PHOTOVOLTAIC ENERGY MARKET 39
7. MENA COUNTRIES SOLAR RESOURCE POTENTIAL AND MAPPING 48
8. MENA COUNTRIES PHOTOVOLTAIC ENERGY MARKET 50
8.1. Market overview 50
8.2. Country attractiveness index for photovoltaic energy investments 52
9. COUNTRY PROFILES 54
9.1. ALGERIA 54
9.1.1. Algeria Photovoltaic Energy Market Overview 54
9.1.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 55
9.1.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 56
9.1.4. RES Legal and Regulatory Framework 57
9.1.5. Key Stakeholders, Organizations and Institutions 59
9.2. EGYPT 63
9.2.1. Egypt Photovoltaic Energy Market Overview 63
9.2.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 65
9.2.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 66
9.2.4. RES Legal and Regulatory Framework 67
9.2.5. Key Stakeholders, Organizations and Institutions 69
9.3. ISRAEL 72
9.3.1. Israel Photovoltaic Energy Market Overview 72
9.3.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 74
9.3.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 75
9.3.4. RES Legal and Regulatory Framework 76
9.3.5. Key Stakeholders, Organizations and Institutions 79
9.4. JORDAN 81
9.4.1. Jordan Investment Climate 81
9.4.2. Electricity Market Structure 81
9.4.3. Israel Photovoltaic Energy Market Overview 85
9.4.4. Renewable Energy Incentives and Generation Capacity Mandatory Target 87
9.4.5. Major deals, M&A activity, major planned, development and operating photovoltaic projects 89
9.4.6. RES Legal and Regulatory Framework 93
9.4.7. Key Stakeholders, Organizations and Institutions 96
9.5. LIBYA 100
9.5.1. Libya Photovoltaic Energy Market Overview 100
9.5.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 100
9.5.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 101
9.5.4. RES Legal and Regulatory Framework 102
9.5.5. Key Stakeholders, Organizations and Institutions 103
9.6. MOROCCO 106
9.6.1. Morocco Photovoltaic Energy Market Overview 106
9.6.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 108
9.6.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 108
9.6.4. RES Legal and Regulatory Framework 110
9.6.5. Key Stakeholders, Organizations and Institutions 110
9.7. QATAR 113
9.7.1. Qatar Photovoltaic Energy Market Overview 113
9.7.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 115
9.7.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 118
9.7.4. RES Legal and Regulatory Framework 122
9.7.5. Key Stakeholders, Organizations and Institutions 123
9.8. SAUDI ARABIA 127
9.8.1. Saudi Arabia Photovoltaic Energy Market Overview 127
9.8.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 128
9.8.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 129
9.8.4. RES Legal and Regulatory Framework 131
9.8.5. Key Stakeholders, Organizations and Institutions 133
9.9. SOUTH AFRICA 134
9.9.1. South Africa Photovoltaic Energy Market Overview 134
9.9.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 135
9.9.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 136
9.9.4. RES Legal and Regulatory Framework 137
9.9.5. Key Stakeholders, Organizations and Institutions 137
9.10. TUNISIA 140
9.10.1. Tunisia Photovoltaic Energy Market Overview 140
9.10.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 141
9.10.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 144
9.10.4. RES Legal and Regulatory Framework 146
9.10.5. Key Stakeholders, Organizations and Institutions 148
9.11. UNITED ARAB EMIRATES (UAE) 150
9.11.1. United Arab Emirates (UAE) Photovoltaic Energy Market Overview 150
9.11.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 152
9.11.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 154
9.11.4. RES Legal and Regulatory Framework 159
9.11.5. Key Stakeholders, Organizations and Institutions 160
10. COMPARATIVE ANALYSIS OF SUPPORT SCHEMES IN MENA COUNTRIES. FEED-IN TARIFFS AND GREEN CERTIFICATES 163
11. COMPARATIVE ANALYSIS OF MANDATORY CAPACITY GENERATION TARGETS IN MENA COUNTRIES 164
12. ELECTRICITY GRID NETWORK IN MENA COUNTRIES 166
12.1. Transmission System Operators (TSO’s) 167
12.2. Distribution System Operators (DSO’s) 171
12.3. Grid connection constraints 172
13. SMART GRID DEVELOPMENT IN MENA COUNTRIES 175
13.1. Smart Grid and Super Smart Grid Concept 175
13.2. Smart grids development in MENA countries 177
13.3. Smart grids development in the MENA countries 179
14. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN MENA PHOTOVOLTAIC ENERGY MARKET 183
15. EPC AND O&M PROVIDERS, EQUIPMENT MANUFACTURERS AND CONSULTANTS IN MENA PHOTOVOLTAIC ENERGY MARKET 185
16. SWOT ANALYSIS OF MENA PHOTOVOLTAIC ENERGY MARKET 191
17. RISKS ABOUT PHOTOVOLTAIC INVESTMENTS IN MENA COUNTRIES 195
17.1. Risks Associated with the Photovoltaic Energy Industry in MENA countries 195
17.1.1. Regulatory Risk 195
17.1.2. Competition within the Photovoltaic Energy Industry 195
17.1.3. Public Attitudes towards Photovoltaic Energy Projects 196
17.1.4. Emerging Market Risk 197
17.1.5. Insurance Risk 197
17.1.6. Force Majeure Risk 197
17.2. Risks Associated with the Investor’s Finance Arrangements 197
17.2.1. Asset Sale Risk 197
17.2.2. Borrowing Risk 198
17.2.3. Foreign Exchange Risk 198
17.3. Risks Associated with the Development of Photovoltaic Energy Plants 199
17.3.1. Variability in the Source of Photovoltaic Energy 199
17.3.2. Development of the Project and Construction Risk 199
17.3.3. Capital Cost Risk 199
17.3.4. Permits 200
17.3.5. Land Options 200
17.3.6. Construction 201
17.3.7. Dependency on Suppliers 201
17.3.8. Technology Risk 201
17.3.9. Operation and Maintenance Risk 202
17.3.10. Market Price of Electricity 202
18. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN MENA PHOTOVOLTAIC ENERGY MARKET 203
19. CONCLUSIONS 205
20. LIST OF ABBREVIATIONS 208
21. REFERENCES 210
22. DISCLAIMER 214
23. APPENDIX I. SOLAR RESOURCE MAPS OF MENA COUNTRIES 215
- MAP 1: The Grid Map of MENA Countries 21
MAP 2: Interconnection Grid Map of MENA Countries 23
MAP 3: Solar Resource Map of Algeria 55
MAP 4: Solar Resource Map of Egypt 64
MAP 5: Solar Resource Map of Israel 73
MAP 6: Electricity Grid Map of Jordan 82
MAP 7: Solar Resource Map of Jordan 86
MAP 8: Solar Resource Map of Morocco 107
MAP 9: Solar Resource Map of Saudi Arabia 127
MAP 10: Solar Resource Map of South Africa 134
MAP 11: Solar Resource Map of Tunisia 141
MAP 12: Solar Resource Map of United Arab Emirates (UAE) 150
MAP 13: Smart Grid Projects Map in MENA 182
Map 14: Solar irradiation and solar electricity potential for optimally inclined photovoltaic modules in MENA countries 215
Map 15: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in MENA countries 216
Chart 1: Contribution of Key Drivers Toward Module Cost Reduction 26
Chart 2: PV module price trends from 2008 to 2018 (€/Wp) 27
Chart 3: PV system price evolution (€/Wp) in 2018 28
Chart 4: Global PV cumulative installed capacity share in 2017 (MW; %) 30
Chart 5: PV market share outside MENA in 2017 (MW; %) 33
Chart 6: Global annual PV market forecast 2008 - 2027 (in MW) 36
Chart 7: Global Rooftop Photovoltaic Development Scenario 2012 - 2027 37
Chart 8: European PV markets split 2017 (in MW and %) 41
Chart 9: Top 5 European residential PV markets in 2017 (in %) 42
Chart 10: Top 5 European commercial PV markets in 2017 (in %) 44
Chart 11: European annual cumulative photovoltaic market forecast until 2027 (in MW) 47
Chart 12: Cumulative developments of photovoltaic power plants in MENA countries in MW from 2007 to 2027, including estimates 51
Chart 13: Cumulative developments of photovoltaic power plants in Algeria in MW from 2007 to 2027, including estimates 56
Chart 14: Cumulative developments of photovoltaic power plants in Egypt in MW from 2007 to 2027, including estimates 66
Chart 15: Cumulative developments of photovoltaic power plants in Israel in MW from 2007 to 2027, including estimates 75
Chart 16: Cumulative developments of photovoltaic power plants in Jordan in MW from 2007 to 2027, including estimates 92
Chart 17: Cumulative developments of photovoltaic power plants in Libya in MW from 2007 to 2027, including estimates 102
Chart 18: Cumulative developments of photovoltaic power plants in Morocco in MW from 2007 to 2027, including estimates 109
Chart 19: Solar Resource Map of Qatar 113
Chart 20: Cumulative developments of photovoltaic power plants in Qatar in MW from 2007 to 2027, including estimates 119
Chart 21: Cumulative developments of photovoltaic power plants in Saudi Arabia in MW from 2007 to 2027, including estimates 130
Chart 22: Cumulative developments of photovoltaic power plants in South Africa in MW from 2007 to 2027, including estimates 136
Chart 23: Cumulative developments of photovoltaic power plants in Tunisia in MW from 2007 to 2027, including estimates 145
Chart 24: Cumulative developments of photovoltaic power plants in United Arab Emirates (UAE) in MW from 2007 to 2027, including estimates 157
Chart 25: Mandatory capacity generation targets for share of renewable energies in MENA countries to 2027 (in %) 164
Chart 26: Smart Grid Model Concept 175
Chart 27: The SuperSmart Grid Diagram 177
Chart 28: Budget of smart grids projects in MENA, 2002 ÷ 2017 180
Chart 29: Cumulative budget of smart grid projects in selected MENA countries compared to average EU numbers, 2000 ÷ 2017 181
Table 1: Top 5 MENA countries by newly installed ground mounted PV capacity in MW in 2017 32
Table 2: Support schemes for RES generation in MENA countries 39
Table 3: Attractiveness index for photovoltaic energy investments in MENA countries in 2018 52
Table 4: Feed-in tariff for photovoltaic energy in Algeria 59
Table 5: Feed-in tariff for photovoltaic energy in Egypt 69
Table 6: Feed-in tariff for photovoltaic energy in Israel 78
Table 7: Feed-in tariff for photovoltaic energy in Jordan 96
Table 8: Support schemes in MENA countries, 2018 163
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