11 March 2013

Saudi Arabia to invest heavily in solar projects

The government in Saudi Arabia has announced the launch of various solar energy projects with the target of ensuring sustainable long-term energy across the Kingdom.

The government has already announced plans to invest over US$108.9 billion to produce an additional 41 GW of solar energy by 2032, which will account for a third of the total domestic energy consumption.

The first round of solar energy project tenders is expected within the first quarter of 2013 and Saudi Arabia has already generated considerable interest from international suppliers, contractors and other key industry players in the global renewable energy sector.

Saudi Energy 2013 is the kingdom’s premier energy exhibition and will gather all key energy sector entities, including senior government officials, decision makers, investors and energy experts, to meet with international exhibitors and explore new technologies, techniques and best practices that will support the Kingdom’s investments in alternative energy.

Saudi Energy will run from May 26 to 29, 2013, at the Riyadh International Convention and Exhibition Centre. It is one of the largest and most specialised energy exhibitions in the region, covering all energy sector aspects from electricity generation and distribution to alternative and renewable energy technologies; modern lighting products and technologies; water and water resources management technologies; and HVAC.

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