What is the Solar Potential of Saudi Arabia?

Breakthrough Report on the Solar Potential of Saudi Arabia to be Released at this Year’s Joint Forces for Solar Networking Briefing.

solar potential saudi arabia

How much solar energy potential is there in Saudi Arabia?

Sleeping-giant-or-mirage-coverRenewable energy initiatives in the Kingdom of Saudi Arabia may soon create an attractive new market for international solar partnerships. The first major report to focus exclusively on concrete solutions and practical approaches for Saudi Arabia will be released at the 2nd PV Briefing & Networking Forum Saudi Arabia, hosted by the global network initiative Joint Forces for Solar and the Saudi Arabia Solar Industry Association (SASIA).

Bonn, Germany/Riyadh, KSA—The Kingdom of Saudi Arabia (KSA) has announced plans to introduce a support scheme for renewable energy. While details of the program are still under discussion, a decision is expected in the short term. The potential opportunities and key issues of the market will be highlighted at the 2nd PV Briefing & Networking Forum Saudi Arabia, jointly organized by the Saudi Arabia Solar Industry Association (SASIA), Joint Forces for Solar, EuPD Research and Intersolar. A key part of this event will be the release of a new white paper, “The Potential of PV in and for Saudi Arabia,” jointly issued by EuPD Research, Viridis.iQ, and SASIA.

EuPD Research and Intersolar expect more than 250 high-level delegates and executives to participate in this year’s second full-day conference and business networking event. In addition to the general market conditions and opportunities offered by the Saudi Solar Energy Program, the event will touch on issues of price policy in the region the localization of solar PV and solar thermal manufacturers and component suppliers, as well as the necessary on-site engineering, legal and professional services. In particular, the opening session on financing strategies and overcoming investment barriers is expected to attract great interest from attendees.

The official event program is available online: “2nd PV Briefing & Networking Forum Saudi Arabia”

Today it is common knowledge that the Kingdom of Saudi Arabia has so far been strongly dependent on its oil fields and its petroleum industry. However, within the last decade the Kingdom’s economy has diversified and grown strongly, accompanied by an increasing energy demand. This trend also prepared the ground for “Saudi Arabia’s Alternative Energy Program”. Knowing that a heavy reliance on oil is not sustainable and jeopardizes economic growth, Saudi officials are aiming for a more sustainable future, preservation of non-renewable fossil fuel resources and Saudi Arabia’s international energy leadership.

In the new White Paper, the Bonn-based market and opinion research institute EuPD Research, the independent consulting firm Viridis.iQ, and SASIA analyze and evaluate the potential of photovoltaics and other renewable energies in the Kingdom. The White Paper will be presented during the event on September 10th in Riyadh.

The White Paper is available for download here.

About Joint Forces for Solar

The Joint Forces for Solar “2nd PV Briefing & Networking Forum Saudi Arabia” is co-hosted by Intersolar, EuPD Research and the Saudi Arabia Solar Industry Association (SASIA), with support from Premium Sponsors Ernst & Young, Manz AG, Meyer Burger Group, Schletter GmbH, SMA, and Advanced Electronic Company. Additional support is provided by Gold Sponsors Baker Botts LLP, First Solar, M+W Group, Renewables Academy and 8.2 Ingenieurpartnerschaft Obst & Ziehmann as well as Silver Sponsor SunEdison. Media partners of Joint Forces for Solar in Europe include PV Magazine, PV-Tech.org, Sun & Wind Energy, Renewable Energy World and Solar PV TV.

If you have any questions about the Joint Forces for Solar Initiative, or would like to receive additional information on their events, please contact Daniel Fuchs, Senior Manager Global of Joint Forces for Solar: [email protected] | +49 228 971 43 45.

You can find out more about the Joint Forces for Solar Initiative, which was founded by EuPD Research and Intersolar, by visiting the website: www.jointforces4solar.com.

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