Saudi Arabia, Bahrain, Jordan, Oman and the United Arab Emirates are set to install 22.4 GW of solar capacity by 2023, with 8 GW set for tender this year, according to GTM Research. * It said 2019 would see solid growth in the sector, thanks to a robust pipeline and reduced costs, but warned the heavy use of electricity subsidies was preventing the adoption of behind-the-meter distributed solar solutions, and criticised the lack of a level playing field. The report also highlighted that while renewable energy is growing fast, it has not yet reached its full potential because there were still too few projects being built or financed at scale.
Saudi Arabia, Bahrain, Jordan, Oman and the United Arab Emirates are set to install 22.4 GW of solar capacity by 2023, with 8 GW set for tender this year, according to GTM Research. It said 2019 would see solid growth in the sector, thanks to a robust pipeline and reduced costs, but warned the heavy use of electricity subsidies was preventing the adoption of behind-the-meter distributed solar solutions, and criticised the lack of a level playing field. The report also highlighted that while renewable energy is growing fast, it has not yet reached its full potential because there were still too few projects being built or financed at scale.