Manufacturing/ assembly of solar PV mounting steel structures

Home > Sectors & Opportunities > Energy & Water > Manufacturing/ assembly of solar PV mounting steel structures

Overview

Assembly Of Solar PV Mounting Steel Structures

 

This opportunity entails setting up a manufacturing/ assembly plant for mounting steel structures. 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. Round one for solar PV energy of 300 MW has already been tendered and round two has been announced for 1.5 GW.

KSA solar PV mounting steel structure market is forecasted to grow from USD 20 million in 2019 to reach USD 220 million by 2030. This amounts to an estimated 2019-2030 cumulative forecast of USD 2,640 million. With forecasted market growth, multiple opportunities exist to localize the mounting steel structure production value chain. The main focus of this opportunity is on manufacturing and assembly of solar PV mounting steel structures.

  • Manufacturing: cutting, bending, machining, welding
  • Assembly: final assembly
  • Testing: dimension inspection, wind tunnel testing

Opportunity Details

Energy & Water
Sector
Renewables
Sub-sector
To be determined by the investor
Location
131.25 million SAR
Investment size
Open to starting the project as soon as possible
Timeline

Investment Model

Model: Opportunity to consider different operating models
  • Pure private sector model
  • Joint venture with local player

Contact Our Manufacturing/ assembly of solar PV mounting steel structures Expert

Thank you for contacting us!

We have received your message and we will contact you soon.