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Overview of Saudi Arabia's Renewable Energy Program 2030

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Report Name : Overview of Saudi Arabia's Renewable Energy Program 2030

Reporter/Writer : REPDO

Year : Jan.9th, 2019

Venue : KSA

Conference : 4th CSP Focus MENA 2019 (Jun.26-27 Dubai)

Outline


  • Saudi Arabia significantly increased its renewable energy targets and long term visibility

  • MEIM and PIF are working on complemenrary tracks to promote localization of manufacturing

  • 5 wind and 3 solar segments can potentially be localized  in the short to medium term in KSA

  • Projects will be deployed in 35+ parks spead across the Kingdom

  • Parks are being pre-developed to boost projects bankability and expedite execution

  • By end of 2019, ~13 GW will be pre-developed

  • 12 pre-developed projects will be tendered during 2019 with a capacity of ~3.1 GW

  • These activities enabled the Sakaka tender to break the world record on October 2nd, 2017

  • Dumat Al Jandal also broke the EMEA record for onshore wind tenders on July 23rd, 2018

  • Dumat Al Jandal winning consortium

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