The energy sector in Saudi Arabia is undergoing a significant transformation, moving away from its traditional reliance on fossil fuels. As of 2021, the country''s electricity generation mix comprised 60.55% natural gas and 39.22% oil, highlighting the substantial opportunity for solar energy integration.
The Saudi Arabian solar energy market is led by prominent players, including ACWA Power Company, Alfanar Group, Abu Dhabi Future Energy Company (MASDAR), EDF Renewables, and Saudi Electricity Company.
The government has also introduced supportive financing mechanisms through the Saudi Industrial Development Fund (SIDF), which launched a USD 28 billion fund to support solar installation projects and manufacturers, offering long-term financing options extending up to 20 years.
The country''s natural geographical advantages significantly complement these policy initiatives, with Saudi Arabia receiving an average of 8.9 hours of daily sunshine and horizontal solar radiation of 5,600 Wh/m2.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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