Saudi Solar Plans: Crashing Like Icarus?

Target is now an undefined number of large-scale, multi-billion dollar projects rather than a $200bn, 200GW megaproject.

The Saudi government’s Public Investment Fund (PIF) is scaling back its world-beating plan for a major investment in the solar power industry, although the size of the program still appears massive – certainly compared to the country’s miniscule current installed solar capacity.

The official Saudi Press Agency (SPA) issued a 1 October report ostensibly to refute a 30 September Wall Street Journal article citing Saudi officials and a Saudi government advisor which claimed no-one is actively working on the project. They reportedly said that instead Riyadh is working up a broader, more practical strategy, which would be announced in late October. (CONTINUED - 709 WORDS)

DATA INSIDE THIS ARTICLE

table Saudi Utility-Scale* Renewables Projects
chart Saudi Renewables Capacity (%): End-2017 Total Of 92MW Is Just 0.1% Of Saudi Installed Capacity
chart Saudi Installed Generating Capacity (GW)