Middle East solar industry: records followed by records
The Dubai Electricity and Water Authority's (DEWA) 800 MW Phase III project and Abu Dhabi Water and Electricity Authority's (ADWEA) Sweihan project, reported world record low tariffs in 2016. This has been a very successful year for large scale solar in the UAE, the Dubai-based solar association MESIA just reported. Tariffs below 3 US cents per kWh have changed the perception of policymakers and industry leaders. It even led to a downward revision of the Feed-in tariff in Egypt and revives the debate of the usefulness of Feed-in tariffs versus competitive bidding in the MENA region. On an unsubsidized basis, solar PV without storage is now one of the cheapest sources of electricity available.
The world record tariffs provided solar with an important jump-start of more large scale solar projects in the Middle East in 2016 (e.g. Saudi Arabia, Kuwait, and Jordan) and will drive even more large-scale project announcements and executions in 2017 in other countries (e.g. Oman and Tunisia).
The Intersolar Middle East conference 2017 in Dubai pays tribute to this fact. Information on current market trends and framework conditions of the industry, and opportunities and risks of market entry awaits participants, as well as the chance to make contact with key players, which are crucial for expanding business relationships in the region.
The Intersolar Middle East event will predominantly take the form of a conference. Sessions exploring the development of different markets and technologies, discussions between investors, project developers and key players in the region, information sharing, and not to mention a wide range of different networking opportunities, will give each participant a wealth of opportunities to expand their knowledge and make new contacts.
"The solar market is booming in the GCC states and further afield. We wanted to provide the industry with a professional platform, and thus Intersolar Middle East was born," explains Marcus Elsasser, founder and CEO of Solar Promotion International GmbH. "In the medium term, the MENA states will account for a considerable proportion of the solar energy generated. At our events, we highlight a range of prospects for international companies, enabling them to participate in this development.ÃÂ¢ÃÂÃÂ A top-level conference such as Intersolar Middle East provides entrepreneurs from the solar industry with the ideal opportunity to find out about the solar markets around the Persian Gulf and to network.
Intersolar Middle East will take place in Dubai from 26 - 27 September 2017. www.intersolar.ae