Source/author : Middle East Solar Industry Association
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Energy storage solutions are becoming more competitive as PV panel prices (now hovering at/below 25 US$ cents/watt) and battery pack prices continue to decline. Solar PV plants integrated with battery storage are starting to offer LCOE’s competitive with fossil fuel plants. The same goes for concentrated solar power (CSP) plants, which are also experiencing rapid cost declines. We’re expecting increased activity in the distributed generation segment, especially as electricity subsidies continue to be phased out, new financing options emerge and customer awareness of solar solutions increases. We also anticipate a significant increase in electric vehicle uptake but, except for a few markets, we would need to see more regulations and incentives to promote wider use. By reading this report, our goal is to ensure that you get a grasp on the major trends and technologies that will affect the MENA solar industry over the next few years and that you understand the major developments, challenges and opportunities in each of the countries we’ve covered. We would like to thank everyone who contributed, commented and reviewed this report, without whom this research effort would not have been possible.