events/USSS
EXCELLENT OPPORTUNITIES FOR THE SOLAR TECHNOLOGY INDUSTRY
  • The Lebanese Center for Energy Conservation (LCEC) estimates the renewable energy market size to be between USD 300 to USD 400 Million in 2016 alone.
  • In January 2017, the Ministry of Energy and Water launched a call for Expression of Interest (EOI) to build Solar Photovoltaic (PV) farms in Lebanon as part of the National Renewable Energy Action Plan (NREAP 2016 – 2020). The objective is to be nationally producing 767 ktoe of renewable energy in 2020, and given the high potential of development for solar PV farms in Lebanon, the NREAP targets 150 MW of PV farms installations.
  • The implementation of the second National Energy Efficiency Action Plan (NEEAP 2016 – 2020) will require between USD 600 and 950 Million, and will include 26 initiatives.
  • Lebanon plans to bulk up on renewable-energy assets beyond just rooftop solar in a move that could wean reliance on fossil fuels and avoid blackouts.
  • Renewable energy in 2020 will represent 12 percent of the country’s total electricity production and this will lead to a drop in the oil bill.
  • The strategy plan distributed by LCEC and the ministry during the launching of the National Renewable Energy Action Plan 2016-2020, suggests that renewable energy technologies will supply extra hours of electricity in Lebanon. The total would add up to more than 640 hours by 2020.