Saudi renewable energy strategy awaits approval

The Kingdom of Saudi Arabia has yet to approve the country’s renewable energy strategy that aims to reduce crude oil used for domestic power generation and water desalination, an official said today.

The strategy which includes new regulations and financial incentives for private investors to develop the country’s renewable energy sources have been submitted to the Cabinet for approval, Maher al-Odan, a consultant with the King Abdullah City for Atomic and Renewable Energy, said at a conference in Dhahran, Saudi Arabia.

The agency, known as KA-CARE, is in charge of developing alternative and renewable energy sources.

Al-Odan didn’t say when the government would approve the new strategy.
The Kingdom is holder of one-fifth of global oil reserves, but aims to use solar energy to desalinate seawater and build 16 nuclear reactors by 2030 as the nation seeks to cut the amount of crude it burns in generators to meet rising power demand.

KA-CARE’s al-Odan said that Saudi Arabia is taking steps to develop its renewable strategy as the country needs to add around 20000 MW of electricity in the coming ten years.

Around 60 per cent of the electricity generated in the country goes to cooling homes.

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