Saudi Arabia Speeds Up Pace to Activate Small-Scale Solar PV Systems

Saudi Arabia begins using small-scale solar PV systems to generate electricity. (Asharq Al-Awsat)
Saudi Arabia begins using small-scale solar PV systems to generate electricity. (Asharq Al-Awsat)
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Saudi Arabia Speeds Up Pace to Activate Small-Scale Solar PV Systems

Saudi Arabia begins using small-scale solar PV systems to generate electricity. (Asharq Al-Awsat)
Saudi Arabia begins using small-scale solar PV systems to generate electricity. (Asharq Al-Awsat)

Saudi Arabia has been speeding up the pace to activate the recently approved small-scale solar photovoltaic (PV) systems.

It has provided the necessary legislation to achieve all options and bolster opportunities for building local content for the components needed for the local solar energy production.

King Abdullah City for Atomic and Renewable Energy (KACARE) announced Thursday launching training programs over installation process of small-scale solar PV systems in the kingdom.

Four training centers have been authorized to offer the five-day training program, it said.

The accredited institutes are in Yanbu, Dammam, Riyadh, and Juaima’h and Baish.

Individuals wishing to obtain certificates to work in the field of designing or installing small-scale solar PV systems must attend an at least five-day training program at one of the centers.

Afterwards, they apply for the final test at the distribution service provider to obtain the qualification certificate in case they pass the training period.

The training certification program aims to ensure that the solar PV systems that are connected to the kingdom’s grid are designed and equipped by trained professionals with required competencies.

This serves several purposes and helps ensure the achievement of high levels of safety and security, adherence to the required technical standards, high quality of design and installation for clients and protection of the distribution system.

Earlier this week, the Saudi Ministry of Energy announced that the small-scale solar PV systems are ready to generate electricity for houses and enterprises, to be later connected to the kingdom’s grid.

It also announced providing consumers with an easy-to-use e-calculator that helps in analyzing the financial and technical aspects of the estimated installation cost, as well as various other support services.

The project participants are the Ministry of Energy, the Electricity Cogeneration Regulatory Authority (ECRA), Ministry of Municipality and Rural Affairs (MoMRA), Ministry of Housing, Ministry of Commerce and Investment (MOCI), KACARE and Saudi Standards, Metrology and Quality Organization (SASO).

Meanwhile, ECRA announced the launch of the “Shamsi” portal for the PV system.

The new portal informs consumers of the economic feasibility and estimated costs of installing a solar energy system in a home or business before connecting it to the public electrical network, ECRA said in a statement.



Oil Prices Ease as Markets Weigh China Stimulus Hopes

FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)
FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)
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Oil Prices Ease as Markets Weigh China Stimulus Hopes

FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)
FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)

Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oil importer.

Brent crude futures settled down 32 cents, or 0.43%, at $73.26 a barrel. US West Texas Intermediate crude closed at $69.62, down 0.68%, or 48 cents, from Tuesday's pre-Christmas settlement.

Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, Reuters reported on Tuesday, citing two sources, as Beijing ramps up fiscal stimulus to revive a faltering economy.

"Injecting a stimulus into a nation's economy creates increased demand, and increased demand pushes prices higher," said Tim Snyder, chief economist at Matador Economics, Reuters reported.

The World Bank on Thursday raised its forecast for China's economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year.

The US dollar continued to edge up higher after hitting a milestone last week. A stronger dollar makes oil more expensive for holders of other currencies.

The latest weekly report on US inventories, from the American Petroleum Institute industry group, showed crude stocks fell last week by 3.2 million barrels, market sources said on Tuesday.

Traders will be waiting to see if the official inventory report from the Energy Information Administration confirms the decline. The EIA data is due at 1 p.m. EST (1800 GMT) on Friday, later than normal because of the Christmas holiday.

Analysts in a Reuters poll expect crude inventories fell by about 1.9 million barrels in the week to Dec. 20, while gasoline and distillate inventories are seen falling by 1.1 million barrels and 0.3 million barrels respectively.

Elsewhere, southbound traffic in Turkey's Bosphorus Strait was set to resume on Thursday, having been halted earlier in the day after a tanker suffered an engine failure, shipping agent Tribeca said.