There is no photovoltaic manufacturing industry in the Middle East, and photovoltaic inverter and modules are all dependent on imports.
Newly added 11.86 GW of solar energy in the Middle East and North Africa in 2018. In the next five years, the Middle East will also have a $5 billion worth of PV projects in operation, and another $15 billion project will be launched.
The price of photovoltaic technology will continue to decline.Egypt's 200MW Kom Ombo PV project and Jordan's third round of 150MW PV tenders received low prices of 2.752 cents/KWh and 2.488 cents/KWh respectively. This price is about 50% cheaper than the price of natural gas power generation. It is expected that the price of photovoltaics will reach 1 cent/KWh in the next 3 years.
The investment in photovoltaics in the MENA region will open up more new markets.Saudi Arabia has opened the country's first utility-scale PV project (300MW), which aims to achieve 58GW of PV by 2030, making it one of the top five PV markets in the world.
Algeria, Tunisia and Oman are also launching large-scale PV projects.
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