Saudi Arabia set for a ‘Yellow Oil’ Revolution

file-23-TOMORROW-SOURCE-OF-ENERGY.jpg23/04/2016 (Arab News – KSA): JEDDAH: Saudi Arabia is on the cusp of developing another source of energy that would be sought-after throughout the world, known as the “Yellow Oil,” or power derived from the sun, according to a report in a local publication. According to forecasts of the International Energy Agency (IEA), solar power will become the biggest energy source in the world by 2050. Here in the Kingdom all indications are that the country is on the threshold of a revolution in solar energy production.
The plan is to produce 41 gigawatts to match the leading countries in this field by 2032. This will be consistent with the national transformation program aimed at diversifying the economy and stimulating investments in non-oil industries. According to a report issued by the IEA, photovoltaic systems would generate 16 percent of the world’s electricity by 2050, while solar thermal energy systems would generate another 11 percent, which will reduce carbon emissions by 6 billion tons annually. This is promising for sunny places in Africa, India, the Middle East, the United States and Saudi Arabia…




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