Does Yemen have solar energy?

Yemen is a sunbelt country with one of the highest levels of solar irradiation and an annual daily sunshine exceeding eight hours. This means that the different solar energy technologies for heating (e.g., Solar Water Heaters (SWHs)) and for electricity production (e.g., solar photovoltaic (PV)) have considerable potential in Yemen.

What is solar energy investment in Yemen IRG?

SCALING UP SOLAR ENERGY INVESTMENTS IN YEMEN IRG areas, consists of short-term contracts (often six months to one year) signed by the PEC with private companies, which own power stations consisting of small diesel generators and which supply electricity to the grid while the government supplies them with the fuel.

Could the IFC invest in solar power in Yemen?

The International Finance Corporation (IFC) is currently evaluating possible investments in this sector in Yemen, which could potentially improve the prospects of launching the first private sector investment in utility-scale solar power under a BOOT model. SCALING UP SOLAR ENERGY INVESTMENTS IN YEMEN

Can the private sector scale up solar power generation in Yemen?

As evident in the previous section, the private sector can play a critical role in scaling up solar power generation in Yemen, especially in the utility-scale and mini-grids sectors.

Who owns a solar power plant in Yemen?

They can be owned and operated by the government (or its public utility), or by a private sector company via a Power Purchase Agreement that typically lasts between 5 and 20 years. In Yemen, there are currently no utility-scale solar power plants in existence.

How can the private sector help the power sector in Yemen?

Investments in the power generation sector in Yemen in general, and specifically in solar renewable power generation, require significant institutional and financial capacity that the public sector currently lacks. That is why partnering with the private sector can represent a key part of the solution to the challenges in the electricity sector.