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Solar power in Saudi Arabia has become more important to the country as oil prices have risen. In 2011, over 50% of electricity was produced by burning oil. The Saudi agency in charge of developing the nations renewable energy sector, Ka-care, announced in May 2012 that the nation would install 41 gigawatts (GW) of solar capacity by 2032. It is projected to be composed of 25 GW of solar thermal, and 16 GW of photovoltaics. At the time of this announcement, Saudi Arabia had only 0.003 gigawatts of installed solar energy capacity. A total of 24 GW of renewable energy was expected by 2020, and 54 GW by 2032. 1,100 megawatts (MW) of photovoltaics and 900 megawatts of concentrated solar thermal (CSP) was expected to be completed by early 2013.
Also in 2013, solar power in Saudi Arabia had achieved grid parity and was able to produce electricity at costs comparable to conventional sources.
In March 2018 Saudi Arabia announced that together with Softbank they plan to install 200 GW of solar power until the year 2030. This compares to a global solar power installation of 100 GW in 2017 and a total installed capacity of 77 GW in Saudi Arabia in 2016. This project was cancelled in September 2018. Read more...