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PV Costs reach grid parity

Page history last edited by Malcolm 8 years ago

 

PV hits grid parity in Jordan, UAE as MENA capacity surges

May 29, 2015

PV prices have finally reached grid parity in Jordan and the UAE, and are approaching that level in Egypt and Morocco, experts revealed at MENASOL 2015.

Image credit: FernandoAH

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Global PV capacity is expected to reach at least 52 GW by the end of 2015, up from around 45 GW last year, according to estimates by Bloomberg New Energy Finance (BNEF).

In the MENA region, PV capacity is forecast to grow 66% by 2019 to almost 3 GW, with power demand forecast to grow 6% per year over the same period.

 

 

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