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Potentially Game-Changing Saudi Arabian Government Restructuring Bolsters 9.5 GW Renewable Energy Target by 2023

Deputy crown prince Mohammed bin Salman of Saudi Arabia announced first cornerstones for the deployment of renewable energy in the country on April 25, 2016, followed by a comprehensive restructuring of responsible government bodies. The “Saudi Arabia Vision 2030” paper states an initial target of 9.5 gigawatts (GW) of renewable energy by 2023, translating to annual installations of 1.6 GW.

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Dubai Shatters all Records for Cost of Solar with Earth's Largest Solar Power Plant

The Emirate of Dubai set a new world record for the cost of solar power on May 1, 2016 with the Dubai Electricity and Water Authority (DEWA) receiving bids for the 800 MW Sheikh Maktoum Solar Park Phase III as low as 3.00 U.S. cents per kilowatt-hour (kWh). This not only marks the lowest cost ever for solar power, but also easily beats all available fossil-fuel options in Dubai on cost.

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Apricum Managing Partner Nikolai Dobrott

For any questions, please contact
Nikolai Dobrott, managing partner
+49 3030 766 6210
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