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.



Bitcoin Drops to 11-day Low amid Tech Selloff

FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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Bitcoin Drops to 11-day Low amid Tech Selloff

FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Bitcoin fell below $100,000 on Monday, hitting its lowest in 11 days, in a move analysts attributed to a wave of caution after the surging popularity of a Chinese artificial intelligence model sparked a selloff in Western AI-related stocks.

The world's biggest cryptocurrency struggled to make gains last week, as a rally that had seen it break above $100,000 after US President Donald Trump's election ran out of steam, Reuters reported.

At 1156 GMT, bitcoin was at $98,852.17, down around 6% on the day, having fallen sharply in early trading to hit its lowest since Jan. 16.

Technology stocks plunged, as traders worried that Chinese AI startup DeepSeek could threaten Western companies' dominance of the sector, in a move some called AI's "Sputnik moment", referring to the former Soviet Union's launch of a satellite that marked the start of the space race in the late 1950s.

Bitcoin's losses are "seemingly driven by some risk-off sentiment circulating the markets currently due to DeepSeek," wrote eToro analyst Simon Peters.

Geoffrey Kendrick, global head of digital asset research at Standard Chartered, said a decline in Nasdaq futures had hurt crypto markets, but that disappointment over the Trump administration's announcement about a cryptocurrency stockpile had put digital assets more at risk of a sharp selloff.

Crypto failed to feature in Trump's day-one announcements after taking office last week, leaving some investors disappointed. In an executive order on Thursday, Trump created a working group to draft new crypto rules and explore a crypto stockpile, while the Securities and Exchange Commission (SEC) spiked accounting guidance that the industry said had stymied crypto adoption.

The prospect of interest rates staying higher for longer also hurt riskier assets, said Thomas Puech, CEO of digital asset hedge fund Indigo.

US Federal Reserve policymakers meet this week and are expected to keep interest rates on hold.