Will Saudi Arabia expand its solar energy capacity by 2030?

DUBAI: Gulf states are stepping up the transition to renewable energy by launching ambitious infrastructure projects designed to help reduce their reliance on oil and gas to meet domestic energy needs. Some of these projects will enable Saudi Arabia to expand its total solar energy capacity substantially by 2030.

Is Saudi Arabia a good place to invest in solar power?

Saudi Arabia’s successes and ambitious plans are indicative of a wider trend. According to MESIA, solar capacity in the Middle East and North Africa region has the potential to reach up to 8,309 MW this year as the region adds more renewable-energy projects to meet individual national targets and transition strategies.

Can Saudis make solar panels locally?

Significantly, many nations in the region view the energy transition as an opportunity for economic growth and the creation of jobs, including the potential to manufacture solar-power components locally. Saudis work at a solar panel factory in Uyayna, north of Riyadh. (AFP/File Photo)

Where do Saudis work in the solar industry?

Saudis work at a solar panel factory in Uyayna, north of Riyadh. (AFP/File Photo) The Gulf region obviously enjoys a geographical advantage in the solar-energy sector, thanks to plentiful sunshine and its proximity to Africa, Europe and other countries in the Middle East, which positions it to become a long-term energy exporter.

How many MW of solar are planned in the Northern Emirates?

Northern Emirates Up to 300 MW of solar are planned in the Northern Emirates. Ras Al Khaimah Municipality announced its new renewable energy and energy eficiency program, including a target of 25-30% clean energy capacity by 2040. Also, FEWA and the emirate of Umm Al-Quwain signed an agreement for the development of a 200 MW solar park.

What is Dubai's largest solar park?

Dubai: Mohammad Bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, will have a capacity of 5GW by 2030. The current total production capacity of the solar park reaches 713 MW and the fifth phase totaling 900 MW, was allocated in November 2019.