4 FAQs about Saudi Arabia Solar Power Market Analysis

Does Saudi Arabia have a market potential for solar power?

Conergy believes that Saudi Arabia and other countries in the Middle East have a lot of market potential for solar power due to their desert conditions with more sunlight. In Saudi Arabia, Conergy fulfilled three projects surrounding installing solar panels on rooftops. The energy production totaled 2.5 MW.

How big is Saudi Arabia's renewable energy market?

Saudi Arabia wants to increase the generation capacity of renewable energy sources to about 58.7 gigawatts by 2030, of which 40GW would be from solar and 16GW from wind energy. The report also shows that the size of the renewable energy market in the countries of the Gulf Cooperation Council (GCC) stands at 17 gigawatts.

Who are the leading solar energy companies in Saudi Arabia?

The Saudi Arabian solar energy market is led by prominent players, including ACWA Power Company, Alfanar Group, Abu Dhabi Future Energy Company (MASDAR), EDF Renewables, and Saudi Electricity Company.

Does Saudi Arabia have solar energy?

The Kingdom of Saudi Arabia has a continuous source of abundant solar energy reaching the ground throughout the year. The daily average bright sunshine duration, as mentioned by Rehman and Halawani, is 8.89 h and the average daily value of global solar radiation on a horizontal surface is 5591 Whm-2.

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