Articles

Articles

Emerging Solar Markets Insights: Saudi Arabia

Monday, 11 July 2011

In a new series of publications, Apricum introduces and describes emerging markets for the solar energy industry. The series starts with Saudi Arabia.

Saudi Arabia, being by far the largest Gulf State, is in the process of establishing the regulatory framework for solar energy in the Kingdom. Already today, privately financed projects in the area of solar energy generation and solar manufacturing have progressed immensely. International companies now encounter excellent opportunities to position themselves in the Saudi market and prepare market entry.

Saudi Arabia pushes ahead on solar energy with release of policy roadmap – Apricum has organized the Saudi Solar Energy Forum for the third time

Monday, 04 April 2011

The Kingdom of Saudi Arabia has passed another milestone on its way to making solar energy a major pillar of domestic power supply and to kick-start a market for solar energy potentially worth billions of dollars.

At the Third Saudi Solar Energy Forum, hosted by the government’s renewable-energy policy maker King Abdullah City for Atomic and Renewable Energy (KA-CARE) in Riyadh on April 3, 2011, KA-CARE’s Vice President for Renewable Energy HE Dr. Khalid Al-Sulaiman presented the cornerstones and a clear roadmap for the development of renewable and nuclear energy in the country.

A key goal of the policy framework will be to push private-sector investments for the establishment of solar power plants. To make these investments economically attractive, the government will provide incentives, off-take schemes for power and funding mechanisms.

Saudi Arabia plans to enter large-scale solar power generation.

Friday, 26 November 2010

The Kingdom of Saudi Arabia has been building its international reputation as the world’s major producer of crude oil over the past decades. This one-sided picture could soon be enriched: Saudi Arabia could become a solar power producer in the GW-range and the most important production site for PV-technology in the MENA region.

On October 10, the world’s largest oil producing company Saudi Aramco hosted the Saudi Solar Energy Forum at its Headquarter in Dhahran. Apricum supported Saudi Aramco in conceptualizing this event and in preparing the agenda. The conference focused on the exchange of ideas and experiences among the relevant players in the Kingdom to further develop the solar industry in Saudi Arabia. The nearly 300 participants discussed what progress had been achieved, which obstacles would have to be overcome, which strategies should be pursued and also possible future plans. Many of the participants, in particular senior executives from Saudi companies, expressed their keen interest in entering the solar business or in intensifying their activities in this sector.

Solarion partnership with Taiwanese corporation Walsin Lihwa sets the trend for growth financing of PV firms.

Tuesday, 02 November 2010

Cooperations between German PV-manufacturers and Asian strategic investors create decisive competitive advantage.

Solarion, a PV company from Leipzig, has won Taiwan’s Walsin Lihwa Corporation as an investor, securing 40 Million EUR for the manufacturing of flexible solar cells.

Consulting company Apricum understands this type of cooperation as setting the trend for the successful future commercialization of PV-technology company innovations. According to Apricum’s management partner Nikolai Dobrott: “Cooperating with established corporations from Asia offers start-ups in the PV-Sector excellent preconditions for fostering their international expansion. They can profit from their partner’s long-standing experiences and resources, particularly regarding mass production at low costs. As such, start-ups can commercialize their products quicker and at a lower price to tap into the global market.”

Saudi Arabia sets the course for solar energy

Thursday, 20 May 2010

On May 16, the most influential actors in the Saudi Arabian solar sector met for the first time to discuss current projects and further measures to expand solar energy in Saudi Arabia. Representatives of Saudi Arabian government authorities, leading companies and research institutions decided to establish a solar taskforce which will serve as an interactive communication platform and as a representation of interests. Saudi Aramco, one of the world´s largest oil corporations, will assume a leading role.

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