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in a recent chat PV magazineYasser Zaidan, JinkoSolar’s senior sales manager for the Middle East, explained the trajectory of the large-scale storage business in key markets in the Middle East.
According to Yasser Zaidan, senior sales manager for the Middle East at JinkoSolar, Saudi Arabia’s large-scale energy storage market is expected to develop at an unprecedented pace in the coming years.
“As of 2024, we have launched a vertically integrated production line starting from the sale of finished battery containers, and the operating production line of 6GWH battery cells will reach 12GWh by the end of 2024, and by the beginning of 2026. “We plan to reach up to 24GWh and operate 16GWH of battery cells.”The GWh of battery solutions in our in-house production capacity is planned to reach 28GWh by early 2026,” Zaidan said. PV magazine. “There will be some interesting bids for storage and we also look forward to implementing our solutions in future projects in the region. We have seen a number of medium-sized bids so far. neom Other utility-scale storage bids will also be made, varying from 3 MWh to 40 MWh. ”
Zaidan said he believes it could also be stored in neighboring countries such as Yemen and Lebanon.
“Storage is a necessity there, not a luxury. And this is also true in many other countries in the Middle East region,” he added. “Many countries need to strengthen their power grids and must also consider that storage can help reduce costs while ensuring a secure power supply.”
Zaidan said he sees potential for batteries in commercial and industrial (C&I) operations, although low electricity prices in several countries in the Middle East and North Africa (MENA) remain an obstacle.
“The Iraqi market has great potential for ESS as it lacks grid infrastructure and is highly dependent on private conventional energy generation, mainly diesel generators,” he said. Ta. “In the case of Egypt, we are seeing demand in the agricultural market due to the lack of grid supply to rural farms. DC pump solutions have been used there for many years, but the installation of ESS in these rural farms is Therefore, it is necessary to extend the pumping time.
Zaidan said Jordan, the United Arab Emirates and Palestine are deploying energy storage solutions to solve infrastructure challenges such as peak and demand and frequency regulation at both C&I and utility scale. He said regulations on the installation of energy storage facilities in Jordan are likely to be announced in the coming months.
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“Battery prices are trending down,” he said. “While this makes the market even more attractive, market growth still needs a boost, especially in terms of regulation and public support. However, there is no doubt that this segment will grow further in the coming years.” there is no.”
“At the scale of a utility, current prices range between $150/kWh and $200/kWh,” he said.
According to BloombergNEF, annual installations in the MENA region are expected to reach 2.1-3GWh until 2026.
“We believe this forecast is an underestimate as many utility-scale projects are likely over the next two years,” Zaidan said.
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“In a recent conversation with PV Magazine, Yasser Zaidan, JinkoSolar’s Senior Sales Manager for the Middle East, explained the trajectory of the large-scale storage business in key markets…”
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Source link: https://www.pv-magazine.com/2024/05/03/the-case-for-utility-scale-storage-in-the-middle-east/
