Market Trends of Middle-East and Africa Wind Power Industry
This section covers the major market trends shaping the MEA Wind Power Market according to our research experts:
Onshore Segment to Dominate the Market
- Onshore wind energy power generation technology has evolved over the last five years to maximize electricity produced per megawatt capacity installed, to cover more sites with lower wind speeds in Middle-East and Africa.
- During 2018, several governments in the Middle East & Africa re-confirmed their renewable and wind-specific targets. Kenya government, for example, announced a target of 100% renewable electricity by 2020. South Africa is expected to hold the fifth procurement round during 2019. The regional market leader in 2018, Egypt with 380 MW of net additions, is expected to hold further procurement round for onshore wind turbine power plants.
- Furthermore, in November 2019, Engie SA announced that the Ras Ghareb onshore wind farm, with 262.5 MW of installed capacity, in the Gulf of Suez, Egypt, has been grid-connected and commissioned. Hence, increased investments from international players is also expected to drive the onshore wind power segment during the forecast period.
- Moreover, decreasing cost of power generation and growing investments in the region are expected to drive the onshore wind turbine installation, which, in turn, is expected to drive the wind power market in Middle-East and Africa.
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South Africa to Dominate the Market
- As of 2018, South Africa ranked first in wind energy generation among the Middle East & African countries, with a total installed capacity of 2,085 MW.
- The country's Renewable Energy Independent Power Procurement Program (REIPPP) is an example of a locally designed and implemented program for enabling the increased supply of renewable energy and combating climate change.
- By the end of June 2019, 3,366 MW of wind power had successfully been procured under South Africa's REIPPPP. Moreover, the South Africa Wind Energy Association (SAWEA) reaffirmed the industry's commitment to increase wind and renewable power generation, primarily for improving the country's ongoing social, environmental, and economic development.
- Hence, the government supportive initiatives and the country's ambition for green and clean energy are expected to have a positive market for the wind power market during the forecast period.
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