Renewable Energy Market Competence Index part 1: The methodology

A methodology for quantitative and objective Renewable Energy Market Competence Index is developed. The proposed index includes 18 different quantitative indicators; among them 13 are general indicators covering the political, economical situation of the country, and the energy sector, and 5 are technology specific that change from a renewable energy technology to another. In this part of the work, data are collected for the 13 general indicators for 8 Arab countries and 10 benchmark countries. In addition, the methodology of calculating the final index is presented.

► A quantitative, objective, and analytical index is designed to describe RE market competence. ► The proposed index includes 18 different quantitative indicators. ► The situation of 8 Arab countries and 10 benchmark countries is analyzed. ► This index score is calculated through simple weighted arithmetic and geometric averages.