Saudi Arabia has issued a regulatory framework to allow households produce solar energy export unused power to the national grid.

Excess electricity will be offset against future consumption and after a year people will receive cash payments at a tariff approved by the authority.

“What has been achieved is an essential step forward towards the realization of the deployment of renewable energy in the Kingdom of Saudi Arabia,” said Fayez al-Jabri, director-general of technical affairs at the country’s Electricity and Cogeneration Regulatory Authority.

Saudi Arabia has few renewable energy facilities and aims to generate 9.5 gigawatts of electricity annually from renewables by 2023 through 60 projects, investing between $30 billion and $50 billion.

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

Australian state looks to lock in renewable energy target

Previous article

After-effects of the total solar eclipse on solar power capacity

Next article

You may also like


Comments are closed.

More in News