Saudi Arabia will be able to commission the planned of 41 GW solar power capacity (25 GW of concencrated solar power) no earlier than 2040.
Saudi Arabia will be able to commission the planned of 41 GW solar power capacity (25 GW of concencrated solar power) no earlier than 2040, and not 2032 as previously targeted, a government official announced Monday.
The Kingdon’s ambitious EUR 94.19bn solar power project will be delayed a bit following a review of Saudi Arabia’s long-term energy strategy, Hashim Yamani, the president of the King Abdullah City for Atomic and Renewable Energy (KACARE), said at a conference. The organisation is tasked with leading the diversification of Saudi Arabia’s energy mix.
Yamani explained that the country will need more time to consider which domestic energy sources will fit the strategy. The country’s plan is to be able to built solar farms with 80% local content.
Looking ahead, Yamani added that the Kingdom, which is the world’s major oil producer and exporter, is expected to have a peak electricity demand of over 120 GW by 2032.