Your SlideShare is downloading. ×
Esia Presentation
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Esia Presentation

353

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
353
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

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.”

×