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Solar energy to generate 10 per cent of electricity production in Saudi Arabia by 2020.
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| 8 Jan 2012 |
The Kingdom of Saudi Arabia plans to derive 10 per cent of its electrical supply from the sun by 2020 and eventually emerge as the world’s largest source of solar energy. The Saudi Government hopes that the country will be able to generate 5 gigawatts of solar energy by 2020.
The government hopes that the Kingdom’s nascent solar industry will create up to 15,000 jobs and is encouraging the development of solar farms, plants for processing of raw materials and assembly, and other related facilities.
Investors have already pledged more than USD 3 billion to fund solar panel component plants in Al Madinah province’s Yanbu port and in Jubail city in the Eastern province. Furthermore, a USD 380 million polysilicon plant is to be built along the Gulf Coast and will initially be able to produce 3,350 metric tons of solar-grade polysilicon by 2014.
The development of the KSA’s local solar power sector and nationwide efforts to efficiently generate, manage and distribute energy and other vital resources will be on focus at Saudi Energy 2012 – the 15th International Show for Electricity, Lighting, Power Generation, Water Technology, and HVAC for Saudi Arabia taking place from May 7 to 10, 2012 at the Riyadh International Convention & Exhibition Center in Riyadh, Saudi Arabia.
Saudi Energy is one of the largest and most specialized energy exhibitions in the region. The 2012 edition will once again provide a one-stop networking and transactions venue covering all aspects of the energy space, from power generation and lighting to water technology, air conditioning and electric power.
“Energy is such a broad, exciting and constantly expanding industry that a single, typical trade show would have a hard time covering. The Saudi Energy expo was created to combine what would have been multiple events into a single mega-show that facilitates inter-connection between various energy segments.
It also focuses on solar, nuclear and other alternative forms of energy to more effectively meet demand while preserving oil for the export markets. This event is an excellent gathering of the top industry players, latest technologies and world-class products and services in one of the world’s most promising energy markets,” said Khaled Daou, Project Manager of Saudi Energy at Riyadh Exhibitions Company.
Saudi Energy 2012 will reintroduce four of Saudi Arabia’s top energy-related shows: SAUDI ELENEX 2012: The 15th International Electrical Engineering, Power Generation & Distribution Exhibition, to be held under the patronage of the Ministry of Water and Electricity; SAUDI LUMINEX 2012: The 12th International Lighting Equipment Show; SAUDI AIRCON 2012: The 13th International Exhibition on Air-Conditioning Heating, Ventilation & Refrigeration; and SAUDI WATER TECH: The 9th International Exhibition for Water Technology.
Saudi Energy is certified by the UFI - The Global Association of the Exhibition Industry – in recognition of its world-class activities prepared and managed under international standards. Next year’s show is expected to sustain the momentum of the highly successful Saudi Energy 2011, which welcomed over 300 exhibitors from 19 countries.
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