Mesia: Middle East solar power market worth $20bn in 2019
Mesia reveals key market insights ahead of Solar Asset Management Mena Conference 2019 in Dubai
Dubai will host Solar Asset Management Mena Conference 2019 on 17-18 November at Renaissance Downtown Hotel, with desert-proofing solar operations in the region to be a key point of discussion at the summit.
The current solar power market in the Middle East is estimated to be worth more than $20bn, according to the Middle East Solar Industry Association (Mesia), and solar projects worth $15bn are reportedly expected to be operational in the next five years in the region.
Mesia, commenting ahead of the November conference, forecasted further growth for the Middle East, stating that the region would continue to witness reducing solar power costs and surging demand for clean energy.
UAE state news agency, Wam, reported that the Mena region was expected to require 267GW of additional power generation capacity by 2030.