Solar companies gather in Riyadh to advance Kingdom’s net zero plan

RIYADH: Solar power companies from around the world are gathering in Riyadh to cultivate new opportunities in Saudi Arabia’s path to net zero, during the Solar & Storage Live KSA exhibition.

NEOM Green Hydrogen Co. was one of the major organizations that attended the event.

“It’s always inspiring to be surrounded by our industry peers and partners, and I was thrilled to be asked to participate in the keynote interview,” said Wesam Al-Ghamdi, CEO of NEOM Green Hydrogen Co. 

Wesam Alghamdi, CEO of NEOM Green Hydrogen Company. (Supplied)

“I was also very happy to see the enthusiasm around NGHC’s project. The excitement about our progress toward becoming fully operational by the end of 2026 was palpable.

“This event shone a spotlight on the impressive initiatives driving the Kingdom and the broader MENA region toward net zero, with both private and government sectors playing pivotal roles.”

Solar power has emerged as a leading contender in the race for sustainable energy solutions, as the world shifts towards renewable energy sources.

Al-Ghamdi elaborated on how the solar energy system works at the company. “NGHC doesn’t produce its own solar panels, those are produced by our partners at Sungrow,” he said.

“Located in NEOM, we benefit from an optimal environment for solar energy generation, with nearly guaranteed sunlight throughout the year.

“Our solar garden will feature an impressive 5.6 million solar panels, generating up to 2.2 GW of solar energy to power our facility.”

He added: “Together with our wind farm, this renewable energy infrastructure will enable us to produce up to 600 tonnes of green hydrogen (daily) by the time we are fully operational at the end of 2026.”

Solar energy is produced through the collection of sunlight using photovoltaic panels. This technology has seen remarkable advancements over the past decade, drastically reducing costs and improving efficiency.

These lower costs make solar power an affordable energy source for many people, thus an excellent option for both developed and developing countries.

One of the biggest players in solar power is China. The country is investing heavily in solar infrastructure not only for its economic benefit but for the environmental impact it provides.

Operating worldwide, BSL BATT is a Chinese company that produces battery storage systems, including storage for solar power.

Although BSL BATT has been operating in various countries within the Middle East, they are aiming to penetrate the Saudi solar market and develop their relations even further in the Kingdom, BSL BATT EMEA’s sales manager, Russel Tong, told Arab News.

Battery storage systems are critical in making solar power a feasible supply of electricity, as stored energy can be released overnight resulting in a round-the-clock supply when solar panels are not harvesting energy from the sun.

The combination of solar power and storage not only supports environmental sustainability but also drives economic growth, as evidenced by Saudi Arabia’s growing solar power industry.

As the Kingdom ramps up its solar power capacity, targeting a total of 130GW of renewable energy by 2030, economic opportunities are also on the rise.