Concentration and localization
Demand for PV in the Middle East has become concentrated in markets with relatively mature regulatory frameworks, bankable power purchase agreement (PPA) terms, and assessable risk profiles. But PV markets in other countries in the region remain limited in scale or still at a stage of policy uncertainty.
PV demand in the Middle East region (including Turkey) is projected to reach 30 GW to 37 GW in 2025. If key projects progress as scheduled, demand in 2026 could rise by around 19% year on year under an optimistic scenario. Actual performance will largely depend on the implementation progress in major markets such as Saudi Arabia, …
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