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Middle East Emerging As Solar Energy Investment Hub

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The solar potential of the Middle East countries is now supposed to be one of the highest in the world.

— Middle East countries, due to their arid climatic conditions, enjoy a great deal of sunlight throughout the year. The solar potential of the Middle East countries is supposed to be one of the highest in the world. Middle East is a rainless region which experiences clear skies for 80% of the year, thus, continuous solar radiation for a major part of the year. The solar radiation that the GCC region receives is enough to encourage the photovoltaic and concentrating solar power industries in the region. This gives two options of generating electricity through the solar energy, ample amounts of which are available and can be exploited thoroughly. As the region is moving towards renewable energy, solar power is being deemed as the top renewable source which will be exploited for power production. The results of the solar radiation studies have encouraged more and more investment in the sector.

The average solar radiation of the Middle East countries is among the highest in the world. The region receives maximum solar energy from April to August before falling down. Even in the months preceding and succeeding these, the solar radiation is quite strong. In all, the Middle East region receives considerable solar energy for eight months of a year, March through October.

Kuwait’s solar radiation is at the top peaking at above 8000 W hr/m2. Kuwait, thus, has the largest potential for solar power generation and considering the size and power consumption of the country it will be a boon for the nation. Kuwait’s domestic consumption and reliance on oil and gas for power consumption can significantly decrease with the development of solar energy in the country, given its huge solar potential. Its direct normal solar radiation is also the highest, making it highly potential for solar power generation.

Kuwait is followed by UAE which has the second highest solar radiation among the six countries. UAE gets an average of 7300 W hr/ m2 of solar radiation and peaks out at a little above 7500 W hr/ m2 during the summer month of May. UAE is a pioneer in solar energy development and is all set to capture the immense solar radiation to generate power from it.

The Kingdom of Saudi Arabia ranks at third position in the list of solar radiation among the Middle East countries. It peaks at near 7200 W hr/m2 and for a larger part remains near 6500 to 7000 W hr/ m2. The potential of solar energy in Saudi Arabia is also quite encouraging and efforts are underway to realize this potential into electricity. Bahrain, Qatar and Oman receive comparatively less solar radiation than the other three countries but nonetheless enough to exploit it into solar power production. These three countries receive direct normal solar radiation equal to the others with the exception of Qatar.

Solar holds the key to renewable energy development in the Middle East region as it is the single most abundant renewable source of energy available there. Power produced from solar energy is efficient and cheaper as compared to other renewable sources of energy. The research report investigates the solar power potential of the region and individual countries. Huge investments and research studies are happening in efforts to tap the solar energy in the region as part of the renewable energy development. Almost 85% to 90% of the money being spent on renewable energy development is being put in solar energy. The “Middle East Renewable Energy Sector Analysis” research report documents all the initiatives being taken in the individual countries to help boost their power production from solar energy. The research report from KuicK research vitalizes solar energy as a means to the targeted power production from renewable energy. The future of solar power in the Middle East region, according to the report, is as bright as sunshine.

Contact Info:
Name: Avinash Arora
Email: Send Email
Organization: KuicK Research
Address: Delhi,India
Phone: +91-11-47067990
Website: http://www.kuickresearch.com/buy-report.php?reporttitle=Middle-East-Renewable-Energy-Sector-Analysis

Source URL: https://marketersmedia.com/middle-east-emerging-as-solar-energy-investment-hub/11773

Source: MarketersMedia

Release ID: 11773

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