New regional research by GTM Research focusing on the Middle East and Africa (MEA) has forecast solar installations to skyrocket by 170% this year and continue accelerating to install more than 83 gigawatts (GW) of new solar capacity between 2018 and 2023. GTM Research published the Middle East and Africa Solar PV Regional Market Outlook 2018 last week, revealing that demand is expected to grow by 170% in 2018 to 3.6 GW, led by Egypt, the United Arab Emirates, and Morocco. However, as with most GTM Research material, it is locked behind a significant pay-wall, which means the official details from the report are slim. Fortunately, report author Bejmain Attia, a solar analyst with GTM Research, took to Twitter to expand on his “latest deep dive” into the MEA region. Specifically, while the report’s brief summary says that, “Post-2020, the region will mostly see slower, more measured growth to 2023 as tender schemes enter multiple rounds and industry learning and regulatory adaptation catch up,” pre-2020 is going to see tremendous growth, blowing out to 20 GW in 2020. The MEA region is primarily dominated by utility-scale solar projects — with notable exceptions in the United Arab Emirates and Jordan […]
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