Saudi targets the sun for 30pc of energy needs
Riyadh, April 20, 2014
Saudi Arabia plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, which is almost 30 per cent of its total energy requirement by that time, said the organisers of an upcoming energy trade exhibition in Riyadh.
Over the next two decades, the government plans to establish energy generation projects, which runs on photovoltaic cells (PV cells) with a capacity of 16 GW.
In addition, it will also facilitate energy generation projects that will make use of energy concentrate with a capacity of 26 GW. All these initiatives will boost the Kingdom’s potential for becoming the largest producer of solar energy in the world.
Saudi Energy 2014, the international trade exhibition for electricity, power generation, alternative energy, water technology and lighting, taking place in Riyadh will throw the spotlight on the latest products and services for the power sector.
The event will be held from May 26 to 28 at the Riyadh International Convention and Exhibition Centre.
Saudi Energy 2014 will be a marketplace for specialised and related industries and companies to promote their products and services. It will also be an opportunity for them to explore regional market and penetrate into the lucrative Saudi Arabian market.
The event is one of the most functional exhibitions in the region that covers all the segments of the energy sector, including electricity generation and distribution, alternative and renewable energy technologies, modern lighting products and technologies, and water and water resources management technologies.
Fahad Al Athel, deputy general manager, Riyadh Exhibitions Company, said: “Saudi Arabia is witnessing a major development in the area of alternative energy, with strategic plans being implemented and key projects being undertaken to meet the increasing demand for energy.”
“Saudi Energy 2014 will make a definite contribution towards this transformation by offering a gateway for international experts to network with local players to discuss the latest industry trends, explore business prospects and opportunities of mutual cooperation.
“The exhibition promises to be fruitful for both exhibitors and visitors comprising government officials, contractors and consultants, developers and investors, and engineers and technicians, to name a few,” he added.
Saudi Energy 2014 will showcase the latest sector products, services and technologies to a large group of professional visitors from Saudi Arabia and the region. The event will offer a chance gain first-hand experience of fresh technologies and new equipment and stay abreast with the industry developments. – TradeArabia News Service