With a combination of scale, a growing population, outstanding irradiation, and available capital, solar PV should be a ‘no brainer’ for the Kingdom of Saudi Arabia. But early explorations of the technology have soured expectations, and progress has come in fits and starts.
While China is single-handedly reducing CAPEX for modules and inverters, Europe understands that hardware won’t be the holy grail – generally speaking. But what is? Perhaps it is time for a new strategy to surf in front of the digital wave.
Vietnam had already successfully commissioned 1.5 GW of utility-scale PV at the end of May this year, and there is no sign of this slowing down, with another 2 GW teed up for June 2019. The breakneck speed in development is making Vietnam a powerhouse in the region in installed capacity, even nipping at the heels of Australia. Rystad Energy’s Minh Koi Le looks at the state of play in the Vietnamese solar market.
ACWA Power has an installed capacity of more than 1 GW of PV projects across MENA, Southern Africa, and Southeast Asia, and was awarded the landmark Sakaka Project – Saudi Arabia’s first utility scale PV project – which it began to construct in November 2018. pv magazine caught up with Paddy Padmanathan, CEO of the Saudi-based energy giant to discuss the Middle East’s growing solar markets.
As uptake of electric vehicles (EVs) increases, the EV battery market represents an opportunity for European players. McKinsey assesses the potential and looks at factors guiding the location of production capacity.
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