Energy and climate change minister, Greg Barker, told the Solar Energy UK event that Britain planned to pursue business opportunities in solar energy development in Saudi Arabia.
Talking to PV Tech Barker explained that, due to Saudi Arabia’s exports of oil, the Kingdom is looking at other options for domestic energy generation, and the UK is taking a trip to Saudi Arabia and the Middle East to explore options for the UK solar industry to export its skills.
Saudi Arabia already has already announced investments in solar as oil companies seek to fill the gap in domestic energy demand.
Electricity generating capacity will need to rise to 120GW by 2030 if Saudi Arabia is to maintain its position as POEC’s leading oil leading oil supplier. To expand capacity and the electricity grid, the country will need to invest more than US$100 billion over the next eight years or so, with a third going towards renewable and non-renewable energy power plants.
Solar Energy UK is organised by PV Tech's publisher Solar Media.