On 8 May 2012, the Saudi Arabian clean energy agency, King Abdullah City for Atomic and Renewable Energy (KACARE), announced its ambition for Saudi Arabia to deploy 41 GW of solar power, 17 GW of nuclear power, and 13 GW of wind, biomass, and geothermal power capacity by 2032. The solar plan targets 16 GW of solar photovoltaic (PV) and 25 GW of concentrated solar power (CSP). KACARE will initiate its solar plan with two rounds of capacity tenders, and is considering a feed-in tariff (FIT) after 2015. Key trends in this On Point include: Power reform addresses avalanching demand. Solar manufacturing a potential boost for local industry, but a hurdle for deployment. Global PV and CSP developers eye Saudi Arabia as new frontier.
On 8 May 2012, the Saudi Arabian clean energy agency, King Abdullah City for Atomic and Renewable Energy (KACARE), announced its ambition for Saudi Arabia to deploy 41 GW of solar power, 17 GW of nuclear power, and 13 GW of wind, biomass, and geothermal power capacity by 2032. The solar plan targets 16 GW of solar photovoltaic (PV) and 25 GW of concentrated solar power (CSP). KACARE will initiate its solar plan with two rounds of capacity tenders, and is considering a feed-in tariff (FIT) after 2015. Key trends in this On Point include: