CHINESE TO HELP SAUDIS GO NEW ENERGY BY 2032

China, Saudi Arabia to cooperate on renewable energy development; The Middle Eastern kingdom targets 41 GW of solar power by 2032 as it seeks to free up more of its abundant oil and gas reserves for lucrative export.

Ian Clover, 19 August 2014 (PV Magazine)

“…The oil- and gas-rich Kingdom [of Saudi Arabia] also boasts some of the world's highest levels of solar irradiation and hopes to install as much as 41 GW of PV solar energy capacity by 2032, and has enlisted the help of solar world-leader China to reach that goal…[T]he state-owned Chinese National Nuclear Corporation (CNNC) [will] partner with the…King Abdullah City for Atomic and Renewable Energy (K. A. CARE) on the development of renewable and nuclear energy in the Middle East nation…Saudi Arabia runs almost entirely [on the one quarter of its] oil and natural gas reserves held back for domestic consumption…[and sees] nuclear and renewable energy as the perfect, long-term replacement…By 2032, the Saudi government estimates that power demand will surpass 120 GW per year. The goal is for renewable and nuclear power to supply half that figure by that date, with solar energy poised to stump up 41 GW, nuclear 17 GW and wind power 9 GW…[Solar plants larger than 10 MW can produce solar electricity in Saudi Arabia at] between $70 and $90 per MWh…” click here for more

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