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Solar Power Project Plan 2030, Greatest Energy Source Worldwide by 2050

A 2012 file picture shows a Saudi man walking past solar panels at the King Abdulaziz City for Science and Technology, Al-Oyeynah Research Station. (Reuters)
A 2012 file picture shows a Saudi man walking past solar panels at the King Abdulaziz City for Science and Technology, Al-Oyeynah Research Station. (Reuters)
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Solar Power Project Plan 2030, Greatest Energy Source Worldwide by 2050

A 2012 file picture shows a Saudi man walking past solar panels at the King Abdulaziz City for Science and Technology, Al-Oyeynah Research Station. (Reuters)
A 2012 file picture shows a Saudi man walking past solar panels at the King Abdulaziz City for Science and Technology, Al-Oyeynah Research Station. (Reuters)

The launching of Solar Power Project Plan 2030 grabbed the attention of a number of energy experts in the world, especially after the kingdom’s announcement that it intends to produce 200 gigawatt of solar energy by 2030.

The purposes of this project goes in tandem with the forecasts of the International Renewable Energy Agency that solar energy will be the greatest energy source worldwide by 2050.

This Solar Power Project Plan 2030 is considered one of the ambitious steps of Crown Prince Mohammed bin Salman towards the implementation of the Saudi Vision 2030, which affirmed that it would put a legal and organizational framework that allows the private sector to invest and possess in renewable energy sector, as well as urge partnerships between the private and public sector.

This global project would contribute to increasing electricity generated from solar energy, opening new economic and investment channels in the kingdom in addition to providing job opportunities, training and investment in individuals and firms.

Dr. Turki bin Saud bin Mohammed, Vice President of King Abdulaziz City for Science and Technology (KACST) for Research Institutes, commended the efforts of the crown prince in signing a memorandum of understanding to establish the Solar Power Project Plan 2030 as a first step to produce around 200 gigawatt in 2030.

The country’s need of energy is now equal to 75 gigawatt, and the project will enable the kingdom to export the surplus, he added, saying that the kingdom enjoys huge spaces that can be invested to construct enormous power plants.

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Taiwan Expects Small Impact from Trump Tariffs on Chip Exports

A chip is pictured at the Taiwan Semiconductor Research Institute (TSRI) at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. Reuters/Ann Wang/ File Photo
A chip is pictured at the Taiwan Semiconductor Research Institute (TSRI) at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. Reuters/Ann Wang/ File Photo
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Taiwan Expects Small Impact from Trump Tariffs on Chip Exports

A chip is pictured at the Taiwan Semiconductor Research Institute (TSRI) at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. Reuters/Ann Wang/ File Photo
A chip is pictured at the Taiwan Semiconductor Research Institute (TSRI) at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. Reuters/Ann Wang/ File Photo

Taiwan only expects a small impact from any tariffs imposed by the incoming government of US President-elect Donald Trump on semiconductor exports given their technological superiority, Economy Minister Kuo Jyh-huei said on Friday.
Home to the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., the island is a key link in the global technology supply chain for companies such as Apple and Nvidia, according to Reuters.
But Taiwanese policymakers have warned new US tariffs against all countries from the Trump administration could curb economic growth this year for the export-dependent economy.
Trump has pledged a blanket tariff of 10% on global imports into the United States and a far higher 60% tariff on Chinese goods.
In late November, he specifically pledged a 25% tariff on imports from Canada and Mexico when he takes office on Jan. 20.
Asked at a news conference about the impact on Taiwan's export orders of Trump's tariffs, Kuo said it would not much affect the chip sector.
“For our semiconductors and advanced processes, there is an advantage of technological leadership and that cannot be replaced, and so the impact will be small,” he added.
Taiwan will also help companies relocate supply chains to the United States as needed, away from where there might be high import tariffs, Kuo said.
“Now we see that we should be able to develop the aerospace supply chain industry in the United States, and do some joining up with the US aerospace companies, so that some of Taiwan's aerospace research and development centres can be moved there,” he added.