Slovakia Banking & Financial Services Q1 2019
Gas-fired power will increase its dominant share of Saudi Arabia’s power mix as government works to reduce domestic oilconsumption by replacing oil-fired power with alternative generation through to 2027. The country will undergo rapid non-hydropower renewables development over the next decade, focused mostly on solar power, but it will not be sufficient to meet its9.5GW target by 2023. Meanwhile, nuclear power will be completely absent from the Saudi power mix throughout the next decade,despite government’s efforts.
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