Featured in A sustainable growth? – 07-2013

Ambitious plans

Saudi Arabia: Saudi Arabia published its white paper in February detailing a plan to install 5.1 GW of renewable energy in the country by 2018 and up to 54 GW by 2032, with more than US$100 billion slated for 41 GW of solar power.

For the world’s leading oil exporter, renewable energy could well insure a greater longevity for its petroleum reserves, which could be saved for export rather than having an ever increasing percentage of the precious commodity consumed domestically. To that end, King Abdullah bin Abdulaziz Al Saud established Saudi Arabia’s K.A.CARE program in 2010 with the …

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