Solar power in Saudi Arabia

[8] Also in 2013, solar power in Saudi Arabia had achieved grid parity and was able to produce electricity at costs comparable to conventional sources.

[19] This has incentivized announcements for private sector solar projects which have a highly competitive bid price in terms of levelized cost of electricity.

[2] Furthermore, it houses the largest thermal plant that provides hot water for nearly 40,000 students at Princess Noura University for Women.

[23] Saudi Arabia has also explored concentrated solar power (CSP) due to its potential to store the thermal energy, which can then be accessed later when there is greater demand or shortage.

[24] All of these are considered viable options due to their high yield, retention capabilities, and most importantly, Saudi Arabia's Direct Normal Irradiance (DNI).

[26] Some have proposed that revised subsidies and implementing feed-in tariffs could create a favorable environment for nationwide solar energy adoption.

[26] Saudi Arabia's public interest in solar energy is similarly affected by social acceptance, finances, politics, and awareness.

[27] A recent study shows that residential solar photovoltaic systems (RSPSs) are desirable among respondents of varying backgrounds.

[27] However, 79.7% of those surveyed would consider solar only if 40% of the upfront costs were subsidized, and most would avoid adoption if their monthly electric bill increased by more than 10 SAR (about 2.5 USD).

[27] Achieving widespread solar adoption and support in Saudi Arabia relies heavily on financial incentives and broader public approval.

[27] Saudi Arabia is striving to transition its reliance on fossil fuels to renewable energy sources within the next two decades.

[28] The government hopes The Line and other solar mega projects in development will redefine energy production and technology in Saudi Arabia.