EQ iSearch Report on Middle East Solar Industry Sept 2021

Page 36

KUWAIT

Kuwait is one of the largest oil-producing countries in the Middle Eastern region, also generates electricity through the non-renewable source of energy, but from the past few years, the Ministry of Electricity and Water is focusing on renewable sources of energy for electricity generation. In 2021, the Ministry included 16 renewable energy projects in its plan to introduce RE projects with the vision to produce alternative energy technology to obtain electricity from its sustainable sources so that it contributes to the production of between 4.5 GW and 5 GW of the total energy produced in the State of Kuwait by 2030, as the country wants to achieve at least 15 percent of the total energy produced by 2025. The country installed its first Solar PV project of 10 MW named Sidrah 500 at the UMM Gudair Oilfield with an investment of $100 million in 2016, 50% of the generation will be connected into the grid, while the rest is to be used at the oilfield.

Cumulative Solar PV Installed Capacity in Kuwait

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The installed solar PV capacity in the country now stands at around 90 MW by 2020 (Solar PV & CSP), even though the installation in 2020 was nil, the country has positive plans to add solar PV capacity in the country. Kuwait National Petroleum Company received bids for 1.5 GW Al-Dibdibah Solar projects in 2019, where China’s Metallurgical Corporation submitting the lowest bid of 11.2 fils/kWh, ahead of the local (Kuwait) Al-Mulla Group which was been canceled. Now in 2021, Kuwait Authority for Partnership Projects (KAPP) a public-private company will again tender the project.

Yearly Solar PV Installations in Kuwait

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iSearch Middle East Solar PV Industry

www.EQ-MEA.com


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