K.A. CARE’s White Paper paves way for deployment of 41 GW solar power projects
Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy (K.A. CARE) has issued its long-awaited White Paper paving the way towards the deployment of 41 GW of solar power projects worth over USD 60 billion. Revealing this in a news release, The Emirates Solar Industry Association (ESIA) elaborated that K.A. CARE has announced the launch of its Renewable Energy Competitive Procurement Portal and released the White Paper outlining how this vast procurement process would unfold. A copy of the White Paper can be downloaded free of charge on www.kacare.gov.sa/cpp, the news release added.
According to ESIA, the announcement marks the launch of a registration process for interested companies to submit feedback and obtain important information in connection with the Renewable Energy Program, which will lead crucially to the introductory procurement round.
The introductory procurement round will consist of five to seven projects with a combined capacity of up to 800 MW, and the round is part of Saudi Arabia’s colossal programme to procure 41,000 GW of solar power facilities by 2032, ESIA explained.
“This is a very important milestone, both for Saudi Arabia and the Middle East solar market as a whole,” Vahid Fotuhi, President of ESIA said. ESIA will continue to work closely with K.A. CARE to make sure this programme becomes a resounding success and a benchmark for excellence.”