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Middle East Solar Projects Intelligence Tracker - 2030

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Report Summary Examining the Investment Opportunity & Development Track for Middle East Solar Markets till 2030

Middle East Solar Projects Intelligence Tracker - 2030

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  • Summary
    The Middle East solar installed capacity crossed a mark of  6 GW in first quarter of year 2023.As of May’2023 the total solar installation across Middle East around 6.7 GW & is anticipated to reach a capacity of approx. 58 GW* by 2030. Middle East countries are growing in solar capacities & will continue to hold a strong influence in the capacity additions as well. Oman commands approximately 34% of the total upcoming Middle East solar installations, with an projected capacity above 18 GW. Saudi Arabia has also shown a significant growth in its solar installations. The upcoming solar capacity of Saudi Arabia will help the Middle East region fulfill its renewable energy as well as solar energy targets by 2030.  The active participation of Saudi Arabia in solar energy adoption and installation showcases their commitment to renewable energy growth and sustainability in the region.

    Amidst the upward trajectory of solar energy capacity, several countries are emerging as frontrunners, demonstrating commendable efforts in expanding their contributions to the overall capacity growth by 2030.  The capacity expansions of few markets can be seen below:

    • Oman is set to have a significant number of upcoming solar plants (nearly 17), with a combined capacity of  above 18 GW
    • Iraq  is expected to have about 30 upcoming solar plants, with a total capacity of more than 8 GW
    • Saudi Arabia  is anticipated to have 18+ upcoming solar plants with a total capacity of  9 GW
    • United Arab Emirates is expected to have 10 upcoming solar plants with a total capacity of  approx. 5.2 GW

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