A number of experts urged Saudi Arabia to further invest and tap the kingdom’s renewable energy resources to lessen dependence on conventional energy and diversify the economy.
Abundant sunshine on most days of the year make the kingdom the perfect place to harness renewable and clean energy, mainly solar power, the expert said in remarks to Al-Sharq al-Awsat.
Abdulrahman Ba-Eshen, director of Al-Shoroq centre for strategic studies, said he expects 27 per cent of Saudi Arabia’s electric power to come from renewable sources by 2020.
He calls for exerting maximum efforts to bring in the highest international technologies and best practices in this field.
Abdulrahim Hamdi, a prominent economist, said volatile oil prices and geopolitical uncertainty underline the need to have a new, feasible and sustainable source of power that can be secured through solar energy.
Other experts called on the Saudi government to extend additional funding to renewable energy ventures and encourage investments in this domain.
Upbeat projects expect the world’s output of power from renewable energy resources to reach 200,000 megawatts within eight years from now.