As of late, the MENA region has encountered a blast in solar activities and critical change in the venture atmosphere for sun based vitality. Business banks are progressively open to putting resources into this area and late years have seen the development of imaginative financing bargains intended to additionally lessen the hazard profile for business loan specialists.
Yusuf Macun, who is the Partner and Head of Project Finance Advisory Practice at Apricum, the cleantech consultative, trusts the business has profited from a progression of elements that have consolidated to make the ideal conditions for putting resources into sun based vitality and prompted a critical decrease in PPA duties granted in late tenders.
In 2015, the DEWA II venture in the UAE and the R2 venture accomplished levies of around 6c/kWh. Only a year later, the Sweihan venture in the UAE was granted for a record-beating levelized power cost of just shy of 3c/kWh, with DEWA III impending in at a comparable level. Improved access to bring down cost financing have been critical for financing ventures in the district, yet very much arranged task RFPs, ever-more straightforward undertaking execution and the sharp decrease in PV board costs have most likely been more noteworthy in diminishing the levies in the current past, he contends.
While new undertakings are probably going to accomplish exceptionally focused taxes, “IPPs in MENA have trimmed a great part of the ‘fat’ from PV costs. A noteworthy levy advance down in 2017 won’t be simple,” he alerts.