• Save
Esia Presentation
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
666
On Slideshare
559
From Embeds
107
Number of Embeds
3

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 107

http://www.pv-insider.com 104
http://cms.fc-bi.com 2
http://cms.pagelime.com 1

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. MENASOLAR MARKET PERSPECTIVE VAHID FOTUHI PRESIDENT, ESIA March 5, 2013
  • 2. MENA’s electricity crisisCause: Effect:• Rising population •Production has outpaced GDP growth• Urbanization •Demand has outpaced capacity growth• Economic growth Source: APICORP Research, MENA Power Reassessed: Growth Potential, Investment and Challenges, April-May 2012
  • 3. Where is the fuel? • In 2011, ~60% of power generated using natural gas and ~37% using oil • Why is this a big deal? • Importers will suffer because of huge budgetary strain, less cash for social projects • Exporters will suffer via massive opportunity cost, energy wastageSource: APICORP Research, MENA Power Reassessed: Growth Potential, Investment and Challenges, April-May 2012
  • 4. Importers concern 30 25Gas price ($/MMBtu) 20 Cost of fuel imports rising rapidly 15 10 5 0
  • 5. Exporters concern 10000 9000Saudi Arabia oil consumption / exports (thousand 8000 Oil exports 7000 barrels per day) 6000 5000 Domestic oil consumption The trend does not 4000 look good… 3000 2000 1000 0 2000 2005 2010 2015 2020 2025 2030
  • 6. Everyone’s concern
  • 7. Meanwhile…
  • 8. Additional benefits of solar PV• GDP contribution: •100 MW of solar = $ 600mn in GDP (10x more than fossil fuel)• Fuel savings: •Preserving oil & reducing imports• Environmental benefits: • Cutting 2.5mbb/yr of diesel = 1 million tons of CO2• Jobs: • KSA: 1,000 jobs needed/day • Solar: 15 jobs/MW
  • 9. Poster-child of MENA’s solar PV marketSource: GTM Research & Emirates Solar Industry Association, 2013
  • 10. Other key markets for solar PV
  • 11. “The wagon rests in winter, the sleigh in summer, the horse never.”