Saudi Arabia backs local content in 7GW drive

The Holy City of Mecca in Saudi Arabia

The Holy City of Mecca in Saudi Arabia

Saudi Arabia has confirmed its intention to heavily incentivise the use of domestically-manufactured equipment in the early procurement rounds of its renewables programme, as it looks to have 7GW of capacity – mostly solar – under development by 2015.

Most of the details released by the King Abdullah City for Atomic and Renewable Energy (K.A. CARE), which is in charge of the programme, confirm previously released statements, such as its goal to have 23.9GW of renewables capacity by 2020 and 54GW by 2032 – the largest portion of which will come from concentrated solar power (CSP).

However, the industry has been waiting with bated breath for more detail on the Kingdom’s local content requirements, which it has now provided. K.A. CARE says projects will initially be evaluated “on their financial strength, Log in to read complete article.

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