BEIRUT: Approximately $18 million in resources were into solar PV projects last year, as indicated by the 2017 Solar Photovoltaic (PV) Status Report for Lebanon, recently released by the UNDP in cooperation with the Lebanese Department of Energy.
Before the end of 2017, the PV sector was worth more than $76 million and had diminished 84,000 tons of CO2 in greenhouse gas emissions per year.
Since the dispatch of the National Energy Efficiency and Renewable Energy Action (NEEREA) subsidizing program in 2010 – when there were just 25 PV projects in the pipeline – the number of solar PV ventures has expanded fundamentally.
“Lebanon continues to inch closer to its target of 12 percent renewable energy mix by 2020, thanks to significant advancements during 2017 in the wind energy sector, the utility-scale solar PV sector, and the decentralized solar PV sector,” said Energy Minister, César Abi Khalil, in the report’s executive summary, adding that Lebanon had signed its first such purchase agreement for a 200-megawatt wind farms in Akkar earlier this year.
There were 352 solar PV projects before the finish of 2017. The sector encompasses 61 companies employing no less than 670 individuals. The introduced sun-powered PV limit, which measured up to 470 kilowatt-top (kWp) in 2011, developed to 35 megawatt-top (MWp) in 2017.
Turnkey costs for PV installations have been at an accelerated pace, dropping from around $7,000 in 2011 to $1,500 per kWp in 2017. To better handle the effect that these value decreases made available, a $100,000 fund in 2011 built up a 14 kWp group of projects. A similar venture constructed 65 kWp in projects in 2017.
The top three Governorates leading the solar PV Market in Lebanon are Mount Lebanon at nearly 40 percent growth, trailed by the Bekaa at 19 percent, and followed by South Lebanon 14 percent growth.
The medical industry, in particular, has had a very rapid solar-energy development rate, which surpassed 240 percent for the year, with 1.5 MWp of aggregate introduced limit before the finish of 2017.
The National Renewable Energy Action Plan (NREAP) calls for 100 MWp of PV by 2020. The market still needs to include 65 MWp in three years to achieve this objective.
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