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World News | August 2011

Saudi Arabia to spend $100 billion on clean energy

It was reported that Saudi Arabia is planning an investment of at least $100 billion into clean energy resources over the next decade, including a target to achieve 5 GW of solar generated power.

The organisers of an upcoming solar summit said the Solar Arabia summit is taking place in Riyadh on September 27 and 28 at the Four Seasons Hotel. Key policymakers and government officials involved in shaping the Kingdom's National Energy Plan are meeting with international manufacturers and developers from the solar energy industry.

Dr Essam Al Ammar senior advisor of Renewable Energy at the Ministry of Electricity and Power and Dr Habib Abulhamayel, director of the King Fahd University of Petroleum and Minerals, are among the delegation of industry experts attending the Solar Arabia summit organised by Naseba, a business information company.

They will highlight the challenges and examine the potential for solar energy in the region.  
Topics of discussion will include investigating Saudi Arabia's long-term vision for the sector, understanding the legal framework involved and the latest advancements in solar technology.
Nic Watson MD of sales and marketing, Naseba, said, "The Middle East is seeing huge interest in investment in renewable energy and Saudi Arabia's true potential is yet to be realised. The Solar Arabia platform is a foundation that will allow leading players to contribute to the development of the Kingdom's alternative energy sector."
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