MENA looks at $50B to spend on concentrated solar power and PV by 2020
At present, the Middle East has just 271 MW of installed solar power, including the 100 MW Shams 1 Concentrating Solar Power (CSP) in Abu Dhabi.
Solar energy (PV and Concentrated Solar Power) investment in MENA could reach approximately $50bn by end of decade
A MEED Insight survey concludes that the region's solar energy capacity could grow to 15,000 MW by the end of 2020, split equally between photovoltaic (PV) and concentrating solar power (CSP) technologies.