Saudi Arabia renewable support scheme
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.
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
