Abstract

This study investigates the financial viability of establishing a solar panel recycling industry in the United Arab Emirates (UAE). As the UAE pursues its Energy Strategy 2050 to achieve 50% clean energy, the rapid deployment of photovoltaic (PV) systems has created an emerging end-of-life waste challenge. This research aims to assess the economic, environmental, and regulatory factors influencing the feasibility of a local recycling infrastructure.

Utilizing a qualitative business case study approach, the study analyzes perspectives from 12 key stakeholders across government, industry, and academia through semi-structured interviews and document analysis. Findings reveal that while material recovery of silver and silicon offers revenue potential, high initial capital costs and a lack of specific regulatory frameworks (such as EPR) currently hinder financial viability. The study contributes a region-specific financial roadmap for the MENA region and proposes a methodological framework for assessing circularity in emerging markets. Recommendations include the implementation of government subsidies and public-private partnerships to bridge the viability gap.