Hoe effective has the implementation of solar energy by the Saudi Arabian government and Saudi Arabian private sector been as a growth strategy?
How effective has the implementation of solar energy by the Saudi Arabian government and Saudi Arabian private sector been as a growth strategy
Saudi Arabia has consistently experienced the rise in demand for electricity for both commercial and domestic purpose. For this reason, the realms for meeting the rising need for electricity have to be expanded and diversified. With the current concern about environmental and health safety and use of renewable energy sources, Saudi Arabia is progressively adopting and strategically implementing the use of solar energy. “The use of solar energy is a vision 2032 and is a sustainable source as compared to utilization of fossil fuel that will decline with time from the natural reserves” (Maverick para 7). Saudi Arabia although being one of the global oil-producing giant, a quarter of its production is used domestically which seems to be an extravagance and an economic loss, “the spending has been estimated to have been rising at the rate of 7% per annum” as shown in (Almasoud and Gandy para 14). “It’s a small nation with approximately 3o million people but is rated 6th globally among countries that consume the highest volume of oil products” as indicated in (Ball para7).The production of electricity by the use of oil have not been efficient considering the inefficient systems, with air conditioners that use 70% of the electricity produced (Maverick para 3). The u…
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