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MENA Development Partners

www.menapartners.net

MENA Development Partners LLC

Developing successful business relationships in the Middle East.

**NEW - Collaborative research project on fracking.**

Doing Business in the Middle East

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Solar Power in Saudi Arabia

Posted on April 8, 2013 at 12:36 AM Comments comments (73)
While much of my excitement has centered around Water Desalination in Saudi Arabia in particular, I must admit, I am now equally excited about Solar Power in the Kingdom.

When you think about it, besides sand, salt water & oil, what other natural resources exists in abundance in both Saudi Arabia and the Middle Eastern region...SUNSHINE!
 
As we move into "Next Generation Saudi Arabia" (maybe it could be KSA 2.0??), the focus really needs to turn away from oil. This won't be easy to do as it has been what defined who they were as a global economic force. But to be KSA 2.0, it is going to take a total shift in thinking, in branding and in acknowledging who they will be as a powerhouse going forward. It won't be oil that defines who they are much longer.

In 2011, over 50% of electricity was produced by burning oil (not particularly a good use of the scare resource!!). Ka-care  is the Saudi agency in charge of developing the nations renewable energy sector. They announced in May 2012 that the nation would install 41 gigawatts of solar capacity by 2032. It is projected to be composed of 25 gigawatts of solar thermal, and 16 gigawatts of photovoltaics. At the time of this announcement, Saudi Arabia had only 0.003 gigawatts of installed solar energy capacity.

So given the Kingdom's commitment to solar power & the incredible innovation that has been going on across the globe (particularly in Texas, if I may so say myself!). Let's find a way to bring these two entities together to make a difference in energy production going forward! If you think about our resources, water - limited, oil - limited, metals - limited (you get what I mean without getting too much into Biotic & Abiotic definitions & meanings)... but what we have in abundance and in unlimited quantities - SUNSHINE. (I would also classify wind-power here but I am still not convinced that wind power is much of an option. This is completely my own personal opinion, but wind power is very expensive to produce and at this moment in time, the companies with the most money to invest in wind power are the oil & gas companies and for them to keep investing heavily in wind power, it will require oil costs still being high. Again, just my personal opinion...)