Middle East solar PV outlook 2024 Report

Market Report 28 November 2024

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Report summary

Our Middle East solar PV outlook 2024 is a 40+ slide in-depth report which covers the key market drivers and challenges for utility-scale, C&I and residential solar development in one of the fastest-growing regions globally. Hitting 161 GWdc by 2033, solar PV cumulative capacity in the Middle East is set to rise eightfold over the next 10 years. Driven by the deployment of several gigawatt-scale projects, Saudi Arabia will be the largest solar market in the region by 2033. The UAE and Israel will collectively install 35 GWdc over the outlook, in chase of strict 2030 renewable targets. Additionally, green hydrogen opportunities are on the rise and will drive additional market growth as plans start to materialise later in the 2020s.