1、Market in Focus:Solar Photovoltaics(PV)December 2022Contents2Market in Focus:Solar Photovoltaics(PV)Key HighlightsThe Global PictureRegional Trends&GCC PotentialSolar PV in KSA/PoliciesOpportunities in the Value Chain Challenges,Key Success Factors,and EnablersAPPENDIX03041014172123Disclaimer This R

2、eport,including data,information,methodologies,and opinions reflected herein contained or is for general information pur-poses only.The material in this Report is obtained from SIDF per dating of the report.SIDF has taken reasonable care to ensure that,and to the best of our knowledge,material infor

3、mation contained herein is in accord-ance with the facts and contains no omission likely to affect its understanding.SIDF makes every effort but cannot and does not represent or warranty of any kind,whether express or implied,as to,the accuracy,reliability,or suitability of the information,products,

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5、ials and information in this Report are subject to change at any time without prior notice.3Market in Focus:Solar Photovoltaics(PV)Key Highlights Global climate change concerns and the Russian-Ukrainian War highlighted the need for energy security that is environmentally friendly.The share of renewa

6、ble energy(RE)in the global energy mix is increasing yearly,with most capacity additions coming from solar photovoltaics(PV).Saudi Arabia has set the most ambitious targets for RE in the MENA region through its National Renewable Energy Plan(NREP),aiming for 58.7 gigawatts(GW)by 2030,of which 40 GW