The world’s largest oil producer, Saudi Arabia, has announced plans to become a ‘clean energy’ leader. Saudi authorities recently published an energy roadmap that promises 24 gigawatts of renewable power by the end of the decade.
According to the plan, the country will achieve nearly 54 gigawatts of renewable power by the end of 2032, which is more than half the solar PV power produced worldwide.
If successful, Saudi Arabia will be the world’s leading clean energy nation by 2013. The country also announced a pilot project of 500-800 MW that is expected to start by 2014. It also includes a larger plan for 2.4 GW solar PV and 2.1 GW for solar thermal.
For a nation like Saudi Arabia, which floats on oil, renewable power is not necessary. But drops in solar power prices and the importance of keeping oil beneath the ground have compelled the nation towards renewable energy.
The Saudi authorities have decided to invest around $109 billion over the next two decades to achieve 41 GW of solar power.