Solar Energy Sector in the Kingdom of Saudi Arabia

Published on 27 Jul, 2017

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The demand for electricity in Saudi Arabia is growing at a rate of 7% per year, pushed largely by a growing population. Current capacity stands at 66 GW, which is expected to double by 2030.

One of the largest producers of oil in the world, the Kingdom of Saudi Arabia is also the world’s sixth largest consumer of oil. 

The domestic consumption of oil has increased at an alarming rate of 4-6%, nearly twice the rate of population growth. Demand from residential as well as commercial customers has been steadily increasing, boosted by a rapid growth in both population and industry. The global leader in crude oil exports also burns more oil than any other country to generate electricity, spending nearly $16bn every year just to cope with local electricity demand.

If these trends continue, domestic consumption could eat into Saudi oil exports and render the Kingdom a net oil importer by 2038.

The shape of things to come has made the Saudi government keen to explore alternative sources of electricity production.

Solar Energy is expected to get a huge boost in the coming years taking into account environmental and health effects, the economics of solar energy, the geographical location of solar power plants, and load forecasting in Saudi Arabia.


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