Boosting Jordan & Middle East’s PV Industry: Key Developments and Opportunities
The photovoltaic (PV) industry in Jordan and the Middle East has seen significant growth in recent years, thanks to government efforts to promote renewable energy and reduce dependence on fossil fuels.
Jordan has set a target of generating 10% of its electricity from renewable sources by 2020, and has implemented a number of policies and initiatives to support the development of the PV industry. One of these is the National Renewable Energy Law, which was passed in 2012 and provides a framework for the development, financing, and operation of renewable energy projects in Jordan. Additionally, the Jordanian government has set up a feed-in tariff system, which guarantees a fixed price for electricity generated from renewable sources such as PV.
The PV industry in Jordan has also received support from international organizations such as the World Bank and the European Union, which have provided funding for various PV projects in the country.
In the Middle East, countries like United Arab Emirates and Saudi Arabia have also set ambitious renewable energy targets, aiming to generate significant amounts of electricity from solar energy in the coming years. In 2019, Dubai announced that it plans to generate 75% of its power from clean energy by 2050. Additionally, the Abu Dhabi government announced a target of 7% of installed electricity capacity from renewable energy by 2020 and 50% by 2030. As a result, there are many solar power projects in the pipeline in the region, including the world’s largest single-site solar power project in Dubai.
In addition, there are also many international companies that are investing in PV projects in the Middle East and North Africa (MENA) region, such as French electricity company EDF, and Chinese firms like Trina Solar and Jinko Solar.
Overall, the PV industry in Jordan and the Middle East has seen steady growth in recent years, thanks to supportive government policies and international investment. However, the industry still faces challenges such as the high cost of solar panels and lack of access to financing for small and medium-sized enterprises.
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