This opportunity entails setting up a manufacturing/ assembly plant for the production of solar CSP steam generators. Saudi Arabia plans to significantly increase capacity of energy production from renewable sources. The government is strongly committed to unlocking the renewable energy sector, through increasing capacity and localization requirements. Current localization requirements stand at 30%, while future localization plans are set between 40% and 60%.
Today, energy generation from renewable sources is almost negligible; however, Saudi Arabia has set a renewables target of 27.3 GW by 2024 and 58.7 GW by 2030.
KSA solar CSP steam generator market is forecasted to grow from almost negligible in 2019 to reach USD 79 million by 2030. This amounts to an estimated 2019-2030 cumulative forecast of USD 953 million. With forecasted market growth, multiple opportunities exist to localize the solar CSP steam generator production value chain. The main focus of this opportunity is on manufacturing and assembly of solar CSP steam generators
- Manufacturing: plate rolling, fit up and welding, marking and finishing, sizing / expander, beveling, shot blasting, coating and painting
- Assembly: assembly of tubular sections, fitting and testing of accessories
- Testing: visual inspection all through the process, X-Ray detection, hydro test, NDT tests
Sector