Arrangements are being made for Saudi Energy 2014, a major show on electricity, power generation, alternative energy, water technology and lighting, being held in Riyadh on May 26. The event gets a boost with the Kingdom’s announcement of its plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032
Supported by the Ministry of Water and Electricity and organized by Riyadh Exhibitions Company and Informa Exhibitions, Saudi Energy 2014 will be held at the Riyadh International Convention and Exhibition Centre, to throw the spotlight on the latest products and services for the power sector.
“41 GW is almost 30 percent of its total energy requirement by that time,” an official from the sponsors said on Sunday.
“Over the next two decades, the government plans to establish energy generation projects, which runs on photovoltaic cells (PV cells) with a capacity of 16 GW. In addition, it will also facilitate energy generation projects that will make use of energy concentrate with a capacity of 26 GW. All these initiatives will boost the Kingdom’s potential for becoming the largest producer of solar energy in the world.”
With regional investments in the energy sector at its peak, Saudi Energy 2014 will be a marketplace for specialized and related industries and companies to promote their products and services. It will also be an opportunity for them to explore regional market and penetrate into the lucrative Saudi market.
The event, he said , is one of the most functional exhibitions in the region that covers all the segments of the energy sector, including electricity generation and distribution, alternative and renewable energy technologies, modern lighting products and technologies, and water and water resources management technologies.
Saudi Energy 2014 will showcase the latest sector products, services and technologies to a large group of professional visitors from Saudi Arabia and the region. The event will offer a chance to gain first-hand experience of fresh technologies and new equipment and stay abreast with the industry and market developments in the region.