New report on solar thermal market in Lebanon: 12,197 residential solar water heating systems installed in 2011

The Chinese government donated 500 solar water heaters to be installed in South Lebanon. LCEC was assigned to support installation both technically and financially
The Chinese government donated 500 solar water heaters to be installed in South Lebanon. LCEC was assigned to support installation both technically and financially

The Global Environmental Facility (GEF) has commissioned and produced a report on the solar thermal market in Lebanon.

According to the study, 30% of the 12,197 individual residential solar water heating units installed during 2011 were supported by the interest-free loan program launched by the Central Bank of Lebanon and the Lebanese Ministry of Energy and Water (MEW). The report finds that 48% of these installed units benefitted from the USD 200 subsidy offered by the MEW.

The report, Residential Solar Water Heaters Market in Lebanon in 2011, is part of the Global Solar Water Heating Market Transformation and Strengthening Initiative, managed by the United Nations Development Programme (UNDP) and implemented by the Ministry of Energy and Water through the Lebanese Center for Energy Conservation (LCEC).

 

Subsidies and loans driving the market

The report finds a positive driving impact of the SWH subsidy and interest-free loan initiative, with economic feasibility and promising growing potential, reaching at the recommendation to conduct further awareness activities in some regions of the country where the penetration of SWHs is not well established.

The report gives a comprehensive overview of the Lebanese Solar Water Heating (SWH) market in 2011, and evaluates the results of the national financing mechanism introduced in Lebanon in 2010 through the project.

 

 

2012-10-29 | Courtesy: Lebanese Center for Energy Conservation | solarserver.com © Heindl Server GmbH

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