Friday, September 23, 2016

Installed solar power is set to double this year. Price of generated energy is falling steadily


Around 9.45 megawatts (MW) of solar photovoltaic (PV) systems were installed by the end of last year, according to the first Solar PV Status Report for Lebanon 2015.

The study was conducted by the Small Decentralized Renewable Energy Power Generation (DREG) project.

Jil Amine, Project Manager of DREG, said: "Last year saw a growth rate of 150 percent compared to 2014. We estimate that this year, growth will be upward of 200 percent."

Total investment in the solar PV secto...

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