Saudi Arabia could invest $109bn in solar energy
Current plans envisage 41GW of solar capacity by 2032.
Saudi Arabia will invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, according to Riyadh Exhibitions Company and Informa Exhibitions, co-organisers of Saudi Energy 2014.
The 41GW would be equivalent to around 30% of its power generation capacity and could make Saudi Arabia the largest producer of solar energy in the world.
Saudi Energy 2014 will help focus attention on the Kingdom's solar plans and act as a platform to showcase the latest products and services for the power sector.
Held under the patronage of the Ministry of Water and Electricity, Saudi Energy 2014 will be held on 26-28 May, 2014 at the Riyadh International Convention and Exhibition Centre.
Fahad Al Athel, deputy general manager, Riyadh Exhibitions Company, said: “The Kingdom of Saudi Arabia is witnessing a major development in the area of alternative energy, with strategic plans being implemented and key projects being undertaken to meet the increasing demand for energy.
“Saudi Energy 2014 will make a definite contribution towards this transformation by offering a gateway for international experts to network with local players to discuss the latest industry trends, explore business prospects and opportunities of mutual cooperation.
"The exhibition promises to be fruitful for both exhibitors and visitors comprising government officials, contractors and consultants, developers and investors, and engineers and technicians, to name a few.”