Value of solar PV electricity in MENA region

Electricity demand in MENA region increases fast and is highly dependent on diminishing fossil fuel resources. The grid-parity concept for end-users and the fuel-parity concept on power plant level well describes fast growing economic benefit of PV systems. By end of the 2010s most oil and natural gas fired power plants in MENA region are beyond fuel-parity, i.e. PV power plants are lower in cost than fuel-only cost of oil and gas fired power plants. Solar PV electricity will become a very competitive energy option for entire MENA region.