Saudi Arabia Plans $109 Billion Investment in Solar Power

13 May, 2012


Saudi Arabia is looking for investors for a $109 billion plan to create a solar industry that generates a third of the nation’s electricity by 2032 according to bloomberg.

The plan is to have 41,000 megawatts of solar capacity within two decades, nuclear, wind and geothermal would contribute 21,000 megawatts.

The government is targeting 25,000 megawatts from solar thermal plants, which use mirrors to focus the sun’s rays on heating fluids that turns a power turbine. Another 16,000 megawatts would come from photovoltaic panels

Ka-care a government agency set up in April 2010 to oversee the nation’s renewable energy strategy. estimates Saudi Arabia’s peak electricity demand will reach 121,000 megawatts in the next 20 years, with half of that power generated using hydrocarbon fuel. with half of that power generated using hydrocarbon fuel.

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

  1. Minwoo Kim  |  May 17th, 2012 at 3:28 AM #

    Japan’s FiT in July is among the highest in the world. It’s clear that Japan’s FiT will shake the solar market. Saudi Arabia has the same options. Now, they’re using it. What about your country? New solar technology will show with these nations. This is it!
    As you know, earthquake in japan is happening frequently. Floating solar panels installation is one of the best solutions for power crisis in Japan. So you have to reduce the vibration to install Floating solar panels. Because, it makes many kinds of problems! The vibrations caused by wind, waves and external forces. New Floating Body Stabilizer for Floating solar panels installation has been created in South Korea. The Floating Body Stabilizers generate drag force immediately when Floating solar panels are being rolled and pitched on the water. Recently, this Floating Body Stabilizers using to reduce the Vibration of Floating Solar Panels in South Korea. You can see New Floating Body Stabilizer videos in YouTube. http://www.youtube.com/watch?v=moO–q5B92k, http://www.youtube.com/watch?v=nA_xFp5ktbU&feature=youtu.be.

Leave a Feedback

  • Become Our Fan On Facebook

    ArabCrunch on Facebook

  • Popular Posts



  • Recent Comments
    • Gaith Saqer: Thank you Ahmed for your analysis I am n...
    • Ahmed: @Gaith Intel acquired SysDSoft early ...
    • ali: Mr Mohammad Abdl Fatah: you are accusati...
    • ali: Iman Gaith is right and you are arguing ...
    • Mohamed Abdallah: Egypt is facing tough time no question b...