recommended reading

The Next Solar Manufacturing Boom Will Be in the Middle East

Saudi Arabia has been installing solar farms since 1989.

Saudi Arabia has been installing solar farms since 1989. // Donna Fenn Heintzen/AP file photo

Another sign that the center of the solar-power universe is shifting: Solar capital expenditures are expected to jump more than 40% annually over the next four years in the Middle East, South America and Africa, while growing just 5% to 10% in Europe and the US, according to a report released today.

Overall, spending on the equipment for making solar panels and on other capital expenditures is projected to increase 30% to $3 billion in 2014, says the report from market research firm IHS. That would be the first global increase in solar capital expenditures since 2011, when a boom in manufacturing capacity by Chinese photovoltaic companies came to an end amid plummeting prices for solar panels.
Capital spending subsequently dropped 72% in 2012, and is expected to fall another 36% this year before recovering next year. But demand has begun to spike in emerging economies. As we’ve written, the Middle East has become one of the hottest of the new solar hot spots; Saudi Arabia intends to spend $100 billion to obtain a third of its electricity from renewable sources by 2032.

Threatwatch Alert

Thousands of cyber attacks occur each day

See the latest threats

JOIN THE DISCUSSION

Close [ x ] More from Nextgov
 
 

Thank you for subscribing to newsletters from Nextgov.com.
We think these reports might interest you:

  • Modernizing IT for Mission Success

    Surveying Federal and Defense Leaders on Priorities and Challenges at the Tactical Edge

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • Effective Ransomware Response

    This whitepaper provides an overview and understanding of ransomware and how to successfully combat it.

    Download
  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download

When you download a report, your information may be shared with the underwriters of that document.