This opportunity entails setting up a manufacturing/ assembly plant for the production of wind turbine gearboxes. 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 wind energy of 400 MW has already been tendered. Round two has been announced for 850 MW. Additional rounds will be announced soon.
KSA wind turbine gearbox market is forecasted to grow from almost negligible in 2019 to reach USD 158 million by 2030. This amounts to an estimated 2019-2030 cumulative forecast of USD 1,894 million. With forecasted market growth, multiple opportunities exist to localize the gearbox production value chain. The main focus of this opportunity is on manufacturing and assembly of wind turbine gearboxes
- Manufacturing: casting, soft machining, hardening, hard machining
- Assembly: final assembly
- Testing: standalone component testing, integrated back to back test with gearbox, complete drivetrain and nacelle test, load test, cold chamber test
Energy and Water
To be determined by the investor
106.875 million SAR
Open to starting the project as soon as possible
- Pure private sector model
- Joint venture with local player
Contact Our Manufacturing / assembly of wind turbine gearboxes Expert
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