EQ iSearch Report on Middle East Solar Industry Sept 2021

Page 41

PALESTINE

Palestine has a scarcity of conventional energy sources due to the increasing population and rising energy prices. The country has the potential of renewable energy sources with sunshine over 3000 hours per year. Palestinian Energy and Natural Resources Authority (PENRA) sets several policies for encouraging investment in photovoltaic systems for local and international investors. Sustainable Use of Natural Resources and Energy Finance (SUNREF) had been launched in the past few years to encourage utilizing PV systems in Palestine through soft loans.

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iSearch Middle East Solar PV Industry

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