A joint seminar on business opportunities in the Middle East photovoltaic market was staged April 26 by the ROC Ministries of Economic and Foreign Affairs as part of efforts to assist Taiwan PV manufacturers expand their overseas markets.
Representatives of the MOEA Bureau of Energy and MOFA Department of West Asian and African Affairs, along with specially invited foreign experts, explained the political and economic conditions in the region and the special characteristics of the Middle East’s PV markets. Advice was given on how local PV makers could cooperate with installers in the region to allow them to rapidly evaluate and enter the market.
Much like traditional PV markets such as Germany, Japan and the U.S., the Middle East is thriving and there is abundant financial support for solar projects, the MOEA said.
Saudi Arabia has announced in its latest renewable energy white paper that it plans by 2016 to have 2.4 gigawatts of installed solar capacity. Analysts estimate that by 2017, this capacity may exceed 5 GW.
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