NewEnergyNews: Saudi Arabia’s Big Solar Build, Ambitions

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    Friday, April 29, 2016

    Saudi Arabia’s Big Solar Build, Ambitions

    Vision 2030 and solar energy: A timely development

    Ahmed S. Nada, 29 April 2016 (Al Arabiya English)

    “…[With the launch of Vision 2030, Saudi Arabia’s solar energy potential is now well defined and backed by Prince Mohammad bin Salman bin Abdulaziz Al-Saud, Deputy Crown Prince and Chairman of the Council of Economic and Development Affairs, and] the country’s visionary leaders…[It succinctly summarizes] Saudi Arabia’s emphasis on developing its new renewable energy market…First and foremost, [is] the upcoming launch of the King Salman Renewable Energy Initiative and an ‘initial’ renewable energy target of 9.5 gigawatts (GW)…[It] is the highest level commitment to renewable energy ever seen from the Kingdom…[Second is] the country’s commitment to ‘guarantee the competitiveness of renewable energy through the gradual liberalization of the fuel market’ [which is] clear evidence that the government fully intends to deliver on its renewable energy goals…[The document indicates Saudi Arabia will look to invest in research and development, manufacturing, and other elements] of the value chain…” click here for more

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