$2.7bn solar projects set to be unveiled in MENA in 2015

Solar projects worth $2.7 billion are set to be unveiled in the Middle East and North Africa (MENA) in 2015, according to a new study by the Middle East Solar Industry Association (MESIA).

The study showed that 1,800MW worth of solar projects will be tendered or awarded during the next 12 months.

Factoring in the prevailing project price of $1.5 million/MW, this equates to $2.7 billion. The figure represents a six-fold increase on last year when less than 300MW of solar projects were awarded. To put it in perspective, a 100MW solar PV power plant is capable of powering roughly 200,000 homes.

MESIA’s report also said solar will become more pan-regional. In the past the solar debate has been focused on only one or two countries. This year the industry will see solar projects take off in 11 different countries across MENA, from Morocco to Saudi Arabia, the report said.

Original article by Andy Sambidge

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$2.7bn solar projects set to be unveiled in MENA in 2015