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Saudi Arabia Renewables Report Q3 2015

BMI View: Saudi Arabia's decision to push back its solar expansion target, the absence of a domestic solarindustry and the slow pace of project implementation has led us to downwardly revise our solar capacityand generation forecasts. This, coupled with the progress in the UAE's solar industry, has resulted in theUAE topping the Gulf Cooperation Council region for solar capacity over our 10-year forecast period.

We have been following Saudi's solar pursuit closely over the last two years, ever since the governmentreleased a white paper - through the King Abdullah City for Atomic and Renewable Energy (Ka-Care)department - stating that it aims to build 41 gigawatts (GW) of solar capacity by 2032 (16GW from solarphotovoltaic, 35GW from concentrated solar power). An investment of USD109bn was estimated to beneeded to meet the targets.

Key trends and developments within Saudi Arabia's renewables industry:

It was announced in January 2015 that the Ka-Care targets have been delayed by eight years, as thegovernment needs additional time to assess what technologies will be adopted. This extends thetimeframe to install 41GW of solar power to 2040, from the previous date of 2032.


BMI Industry View
SWOT
Industry Forecast
Saudi Arabia Renewables Forecast Scenario
Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2013-2018)
Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2019-2024)
Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2013-2018)
Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2019-2024)
Saudi Arabia Renewables Projects Database
Table: Saudi Arabia - Renewables Projects
Industry Risk/Reward Index
Saudi Arabia Renewables Risk/Reward Index
Rewards
Risks
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Emissions And Renewables)
Subsidies
Infrastructure
Competitive Landscape
Saudi Electricity Company (SEC)
Saudi Aramco
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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