REGIONAL I MENA
to medium term, the higher initial investment is likely to far outweigh the potential and ever-increasing loss in revenues through a reduction in oil exports. If the Saudi programme proves successful, other countries may well follow suit.
In February 2013. the King Abdullah City for Atomic and Renewable Energy (“
K.A.CARE”) launched ambitious plans to produce 54 GW from renewable energy by 2032. The draft White Paper setting out the Proposed Competitive Procurement Process for the Renewable Energy Programme was issued for consultation.
To date, plans for implementing
K.A.CARE’s programme are still in the process of being confirmed.
K.A.CARE plan to issue a final White Paper and drafts of a Request for Proposal and Power Purchase Agreement to the market for comment.
K.A.CARE is planning to host a number seminars and plans to receive written responses.
This is a very significant programme and if all goes as planned, it will be the largest alternative energy programme in the world to date. This could provide a real catalyst for change throughout the Middle East.
The majority of the 54 GW programme is underpinned by wind and solar technologies. Through harnessing natural resources on this scale Saudi Arabia will be able to provide a genuine benchmark for the region. By 2032, the aim is to produce 41 GW through both photovoltaic and concentrated solar power systems, 9 GW from wind, 3 GW from waste to energy and 1 GW from geothermal energy. This target will be achieved through several smaller steps, with a key milestone of around over 23 GW to be reached by 2020.
Three initial procurement rounds were introduced in
K.A.CARE’s White Paper. An introductory round of between 5 and 7 projects will produce between 500-800GW on pre-
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