United Arab Emirates Renewables Q1 2019
We have upgraded our solar power capacity forecast this quarter, on the back of Dubai's decision to expand the fourthphase of the Mohammed bin Rashid Al Maktoum Solar Park from 700MW to 950MW. The addition of 250MW of photovoltaic solarpower at a price point of USD24/MWh to the existing 700MW project will further cement the UAE's status as a globallyoutperforming low-cost destination for solar power. The fourth phase boost further highlights country's aspirations to cement itsposition as an outperforming solar power destination, and its intention to boost the sector in order to move towards ambitious2040/2050 sustainability goals. This informs our view that solar capacity in the market will expand from 355MW as of end-2017 toabout 5,303MW in 2027.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook