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Saudis Set Green Energy Targets

Saudis Set Green Energy TargetsSaudis Set Green Energy Targets

Saudi Arabia set renewable electricity targets of creating 9.5 gigawatts by 2022 and 54 GW by 2040 to meet plans outlined in the recently announced Saudi Vision 2030, an industry expert said. Renewable energy targets will only be met if Saudi policymakers and business leaders understand the importance of embracing new technologies for power generation, cooling and energy efficiency, added George Berbari, CEO of UAE-based DC Pro Engineering, Trade Arabia reported. “The Saudi government has been rightly commended for outlining the country’s non-oil dependent future in the Saudi Vision 2030—a far-reaching reform plan that aims to create a viable, diversified and sustainable national economy,” said Berbari, speaking at the second District Cooling and Tri-Generation Summit in Riyadh, Saudi Arabia. At present, the regional energy sector faces many challenges, including low efficiency, soaring growth rates and overdependence on government subsidies. Amid these challenges, Saudi’s renewable energy targets are eminently achievable; even more so, if decision-makers embrace the next generation of efficient technologies such as Tri-Generation District Cooling for future projects.

 

Financialtribune.com