Middle East

IRENA: Middle East Voncentrated Solar Power cost reductions require creative financing

Developers of large-scale renewable energy projects in the Gulf Cooperation Council (GCC) must use innovative financing structures to minimize costs amid a growing demand for funding, the International Renewable Energy Agency (IRENA) said in a report on the Middle East region, published January 15. The GCC members are Saudi Arabia, [...]

Middle East develops 1.3 GW of Concentrated Solar Power projects

Around 1.3 GW of CSP capacity is under development in the Middle East and North Africa (MENA), according to a new report from the Middle East Solar Industry Association (MESIA). Projects are at bidding stage in Morocco, Iran, Kuwait and United Arab Emirates (UAE), while projects are planning stage in [...]

Dubai set to hit record-low Middle East Concentrated Solar Power price on its first project

The Dubai state utility plans to issue a Request for Proposals (RfP) for a 200 MW solar tower plant before the end of 2016, after selecting a consortium led by KPMG Lower Gulf to advise on the tender. The CSP plant is to include 8 to 12 hours of thermal [...]

Great potential for CSP in the Middle East and North Africa

A report promoted by the World Bank assesses the potential of Concentrating Solar Power technology in five countries in the Middle East and North Africa, estimating that a rough €10 billion turnover is technically feasib