The MESCAT market
The MESCAT market within the ENGIE Group integrates the Middle East, South & Central Asia as well as Turkey. This region is the world’s largest consumer of energy. According to the International Energy Agency (IEA) electricity demand should double by 2050 in several countries in this region.
At the moment, nearly 96% of installed capacity in the MESCAT region depends on fossil energy, which has serious repercussions on the environment.
It is therefore crucial for the countries in this area to increase the share of renewable energy, in particular, photovoltaic energy in their energy mix. This is all the more relevant since the region has very high levels of sunlight and many countries are close to grid parity (i.e. the price of photovoltaic electricity is equal to that of conventional electricity).
Our Strategy in the zone
Solairedirect has many projects in the pipeline in countries in this region. They include:
- In Turkey, Solairedirect took part in the call for tender by the Turkish Electricity Transmission Company, TEIAS in 2014 with four 10 MW projects. It is also studying the project for a 1 GW solar plant in the centre of the country with its parent company ENGIE.
- In Jordan, Solairedirect took part in the call for tender organized by the National Electric Power Company (NEPCO) in May 2015. It is also studying various possibilities for supplying competitive energy to local companies.
More generally, Solairedirect is examining all new opportunities that are arising in the Emirates and the Middle East.