As part of its Vision 2030 economic diversification plan, Saudi Arabia is said to have qualified over 100 firms to take part in the development of distributed solar power installations. The Water and Electricity Regulatory Authority (WERA) has granted permission to 106 energy services companies (ESCOs) to carry out small solar power projects in the Kingdom, according to the Arabic-language newspaper Aliqtisadia. These businesses will be able to create, put in place, and maintain solar power systems and buildings with a production capacity no greater than 2 MW. The initiatives are especially created to meet the needs of families and small businesses around the nation.
The Kingdom is anticipated to give consumers access to clean and sustainable energy for their homes and companies through regulating solar energy activities. This program is a part of Saudi Arabia's larger effort to diversify its energy supply and lessen its reliance on oil. The transition to renewable energy is consistent with the global trend of switching to cleaner, more sustainable energy sources in an effort to slow global warming and cut carbon emissions.
Saudi Arabia has a tremendous potential for solar energy due to the country's year-round availability of sunlight. By 2030, the Kingdom's renewable energy goal is to produce 50% of its electricity this way. This objective is anticipated to lead to a large decrease in greenhouse gas emissions and have a number of positive economic effects, including the creation of jobs and an increase in foreign investment. A crucial step in achieving these goals and encouraging sustainable growth in the nation is the effective implementation of distributed solar power projects.