JEDDAH: Saudi Arabia is set to unveil a new renewable energy strategy at a conference in Riyadh Sunday. In February, the Kingdom announced that it would be looking to develop its solar energy, geothermal energy and wind energy sectors. Officials from the King Abdullah City for Atomic and Renewable Energy, the agency in charge of promoting alternative energy, are expected to announce guidelines and targets for solar power at the Riyadh conference. Current electricity generating capacity stands at 45,000MW and this will need to rise to 120,000MW by 2030 as OPEC's leading oil supplier. To expand capacity and the electricity grid, the country will need to invest more than $100 billion over the next 10 years, with a third of that going toward renewable and non-renewable energy power plants. Belectric and Sun & Life are building the largest solar power plant of Saudi Arabia in Dhahran. Middle East, a subsidiary of Acwa Holding, Saudi More than 120,000 CIS (Copper Indium Selenide) photovoltaic modules will be installed, supplied by the Japanese Thin Film Leader Solar Frontier (Showa Shell Sekiyu K.K.). Belectric was awarded the project by Al Yamama Company, the project principal.
