Climate change becoming a global threat has resulted in an increased awareness of the need to reduce carbon footprint in both private and professional context. Governments throughout the world have established CO2 reduction targets and programmes to further the development of renewable energy. Worldwide, companies from large-scale corporates to small entrepreneurial businesses have heard the call of duty and are rapidly implementing measures to reduce their carbon footprint.
If you are looking to re-orientate your business towards renewable energy – solar power can now be implemented in a simple, cost-efficient way and even contributes to cost savings.
In the context of the Vision 2030 initiative, the Kingdom of Saudi Arabia has put forward measures to further the development of renewable energy in the territory. Amongst these counts the “National Renewable Energy Program” targeting generation of 27.3 GW of renewable energy by 2023 with solar and wind energy. We help you be part of this aspirational journey.
Instead of paying for the construction of a solar power system, you pay a monthly fee – at a discounted rate to your utility bill.
The Kingdom of Saudi Arabia has announced a net-billing initiative. This means we can connect your solar power system to the grid and excess electricity is exported. When this happens, a credit will be applied to your electricity bill which can be redeemed at the next billing cycle.
Net metering, and wheeling since 2018. Excess production is exported and used as a credit for future consumption. In addition, if a client holds several accounts/ premises, the excess of one can be used to offset billing in another.
In the framework of the Bahrain Economic Vision 2030, Bahrain has set the goal of 5% electricity generation from renewable by 2025, 5% of electricity generation equates to 250MW.