Saudi reforms solar power and energy domain!
Saudi reforms solar power and energy domain! Several upcoming infrastructure projects in the country along with increasing on-grid power tariffs are expected to drive the demand for solar panels in Saudi Arabia. Saudi Arabia Solar Panel Market revenues are projected to grow at a CAGR of 30.2% during 2018-24. Saudi Arabia is likely to ramp up spending on renewable energy sector. Summary - - Saudi Arabia has signed a memorandum of understanding (MoU) with SoftBank Group to build world largest solar project of 200 GW worth $200 Billion by 2030. - Polycrystalline solar panel captured the significant share of the market and is expected to maintain market leadership over the forecast period as well. - Commercial application was the key revenue generating application followed by Power Utility application in Saudi Arabia Solar Panel market. Key Players - - First Solar - Canadian Solar - Jinko Solar - Trina Solar - ...