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Solar PV Dominating Investment Opportunities in Renewable Sector Across the Middle East, 2020–2025
Opportunities Abound for Renewable Companies with Possible RE Capacity Addition of More Than 57.0 GW on the Radar
17-Aug-2020
South Asia, Middle East & North Africa
Market Outlook
PB09-01-00-00-00
EG02099-SA-MO_24645
Sustainable development is the theme gaining unparalleled levels of attention and importance across the globe. The Middle East hosts top oil exporters in the world along with some of the top carbon emitters. The onus to reduce greenhouse gases (GHG) has fallen on the region and, therefore, the countries in the region have ambitious targets to promote renewables and thereby, reduce the carbon footprint. Therefore renewable energy presents a $341.1 billion opportunity for companies wishing to ride on the growth in this decade.
Key drivers of market growth are climate change commitments, abundance of resources, falling costs of renewables, and progressive policies being implemented by countries in the region to promote clean energy and reduce carbon footprint.
This study explores the avenues for investments available for renewables companies in this region that arise as a result of this serious effort towards promoting renewables in the region and also as a result of localisation efforts by these countries as they move towards building well-diversified and non-oil dependent economies.
The scope of the study is limited to solar (PV and CSP) and wind (onshore) technologies and geographic coverage is the Middle East, covering the Gulf Cooperation Council (GCC) countries and also Iran, Iraq, Jordan, and Lebanon.
Opportunities are abound with capacity additions of more than 57.0 GW in the pipeline. This study explores critical success factors and growth opportunities available for companies with the right strategy, along with technology trends and growth themes.
While the Kingdom of Saudi Arabia (KSA) is the leader in terms of planned capacity addition, other key markets include Qatar and the UAE. In terms of technologies, solar PV is expected to gain maximum traction during the next 5 years compared to other technologies. The study touches upon the current capacity of local equipment manufacturers, the key participants in the market and possible future capabilities of manufacturers.
This is a market that requires strategic partnerships and critical local market knowledge for success. Besides, due to limitations in resources other than oil, a robust procurement strategy is key to sustain profits.
Key Issues Addressed
- What is the installed capacity of renewable energy in the region and what is the expected investment in each renewable energy technology type?
- What are the trends affecting the renewable energy industry?
- How is the competitive landscape, and what are the critical success factors?
- What are the growth opportunities available for new entrants and existing participants?
- What are the opportunities available in each country in the region?
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
Middle Eastern Renewable Energy and the Strategic Imperative 8™—Top 3 Strategic Imperatives Affecting Growth
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Top Power Industry Trends in the Middle East
Renewable Energy Installed Capacity and Trends
Renewable Energy Capacity Targets
RE Installed Capacity Breakdown
Top Trends
Top Trends (continued)
Localisation Drive in the Region
CEO’s Perspective
Research Scope
Key Questions this Study will Answer
Growth Drivers
Growth Drivers Explained
Growth Drivers Explained (continued)
Growth Drivers Explained (continued)
Growth Drivers Explained (continued)
Growth Drivers Explained (continued)
Growth Restraints
Growth Restraints Explained
Growth Restraints Explained (continued)
Overall Power Generation Capacity
Growth in Power Demand at a CAGR of 4.1%
Role of Renewables
Forecast Assumptions, Middle Eastern Renewable Sector
Overall Power Generation Capacity
Regional Attractiveness
KSA RE Sector Snapshot
KSA—Key Government Policies and Initiatives
Key Competitors
Renewable Energy Installed Capacity and Trends
Opportunity Size
Projects
Opportunities in Local Manufacturing—Wind and Solar
Opportunities in Local Manufacturing—Solar PV Value Chain
Opportunities in Local Manufacturing—Solar CSP Value Chain
Opportunities in Local Manufacturing—Wind Value Chain
UAE RE Sector Snapshot
UAE—Key Government Policies and Initiatives
Key Competitors
Renewable Energy Installed Capacity and Trends
Opportunity Size
Projects
Opportunities in Local Manufacturing—Solar PV Value Chain
Opportunities in Local Manufacturing—Solar CSP Value Chain
Opportunities in Local Manufacturing—Wind Value Chain
Qatar RE Sector Snapshot
Qatar–Key Government Policies and Initiatives
Key Competitors
Renewable Energy Installed Capacity and Trends
Opportunity Size
Opportunities in Local Manufacturing—Solar PV Value Chain
Kuwait RE Sector Snapshot
Kuwait—Key Government Policies and Initiatives
Key Competitors
Renewable Energy Installed Capacity and Trends
Opportunity Size
Projects
Opportunities in Local Manufacturing—Solar PV Value Chain
Bahrain RE Sector Snapshot
Bahrain—Key Government Policies and Initiatives
Key Competitors
Renewable Energy Installed Capacity and Trends
Opportunity Size
Opportunities in Local Manufacturing—Solar PV Value Chain
Oman RE Sector Snapshot
Oman—Key Government Policies and Initiatives
Key Competitors
Renewable Energy Installed Capacity and Trends
Opportunity Size
Projects
Opportunities in Local Manufacturing—Solar PV Value Chain
Rest of ME RE Sector Snapshot
Rest of ME—Key Government Policies and Initiatives
Key Competitors
Renewable Energy Installed Capacity and Trends
Opportunity Size
Opportunities in Local Manufacturing—Solar PV Value Chain (Lebanon)
Growth Theme 1—RE for Desalination
Growth Theme 2—RE in Mobility
Growth Theme 3—RE in District Cooling
Growth Opportunity 1—Anti-soiling and Efficiency Improvement Solutions for Addressing Efficiency Losses, 2020
Growth Opportunity 1—Anti-soiling and Efficiency Improvement Solutions for Addressing Efficiency Losses, 2020 (continued)
Growth Opportunity 2—Storage Solutions to Address Intermittency and Output Stabilisation
Growth Opportunity 2—Storage Solutions to Address Intermittency and Output Stabilisation (continued)
Critical Success Factors
Key Conclusions
Top Predictions for the ME RE Sector
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
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