The solar capacity of Kuwait, which today is about 50 MW, is expected to surpass 1 GW in 2029 before it will quickly increase in the first half of the following decade to surpass 10 GW by 2035, according to predictions of Rystad Energy.
Kuwait is on its way to reach 2.9 GW cumulative solar capacity towards the end of the decade, against a current 50 MW today, according to figures released by the Norwegian research agency Rystad Energy.
According to figures shared with PV -MagazineRystad Energy predicts Kuwait to surpass 1 GW Solar in 2029. The solar capacity of the country is expected to grow faster in the first half of the following decade, expected to 4.2 GW in 2031, 5.6 GW in 2032, 7 GW in 2033, 8.6 GW in 2034 and 10.1 GW in 2035.
Kuwait has set the share of renewable energy in its electricity generation to increase less than 1% today to 15% by 2030.
The analysis of Rystad Energy suggests that the target could be out of reach, whereby researchers project the total renewable capacity -consisting of solar, onshore and solar thermal energy -will reach 3.3 GW by 2030, equal to 7% of the power generation of Kuweit in 203, for about 203, for the Kuwait, for the Kuwait, for the Kuwait, for the Kuwait, for about the Kuwait, for about the Kuwait, for about the Kuwait.
Important investments in both the reliability of the like the solar energy are planned in Kuwait, because the country works to prevent rising temperatures, aging energy infrastructure and non -planned power outages that make imports inevitable. The nation is also planning to reduce domestic oil consumption by gradually replacing oil with natural gas in its power generation mix, both to release crude oil for export and its dependence on renewable energy sources.
Nishhant Kumar, an analyst for Rystad Energy, said PV -Magazine That Kuwait has made remarkable progress in promoting solar energy, in particular by the 1.1 GW Shagaya Renewable Energy Park Tender, which unveiled a list of six pre -qualified bidders in June.
Kumar suggested that in order to further accelerate the implementation of solar energy, the regulations processes must be streamlined via a system with one window to speed up project time lines. He said too Promoting public-private partnerships will be crucial for unlocking new financing options such as accelerating large-scale solar projects.
Existing grid infrastructure must be upgraded, Kumar added, while investments in smart grilles and energy storage are needed to handle the variability of solar energy.
Kumar also called on Kuwait to assume a national net measurement policy. ‘In view of the fact that the country benefits from subsidized fossil fuels, which leads to low electricity prices for end consumers, the implementation of a clear, national net measurement policy is of vital importance to promote both residential and commercial solar installations, “Kumar explained.” This policy should have a transparent compensation percentages and simplified application processes to adopt consumers to adopt solid technology. “
In May the Kuwait is Authority for launched partnership projects a tender For two solar energy plants with a combined capacity of 500 MW in the Jahra region Kuwait. The project is part of the Shagaya Renewable Energy ParkIt consists of different power plants for renewable energy, including wind, solar energy, concentrated solar energy and battery storage.
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