Manufacturing/Assembly plant for solar PV trackers

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This opportunity entails setting up a manufacturing/assembly plant for solar PV trackers.

Saudi Arabia plans to significantly increase capacity of energy production from renewable sources. Today, energy generation from renewable sources is almost negligible; however, Saudi Arabia has set a renewables target of 3.45 GW by 2020 and 9.5 GW by 2023. Round one for solar PV energy of 300 MW has already been tendered and round two has been announced for 3.3 GW.

KSA trackers market is forecasted to grow at a CAGR of 12% from USD 10 million in 2018 to reach USD 40 million by 2030. This amounts to an estimated 2018-2030 cumulative forecast of USD 497 million. With forecasted market growth, multiple opportunities exist to localize the trackers production value chain. The main focus of this opportunity is on manufacturing and assembly of solar PV trackers

  • Manufacturing: head plate manufacturing, crossbar manufacturing, main runner manufacturing, mounting module profiles, drivetrain manufacturing
  • Assembly: component pre-assembly and on-site assembly

Additional opportunities also exist in testing of solar PV trackers which includes structural dimension testing.

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%.

Opportunity Details

Energy & Water
To be determined by the investor
To be determined by the investor
Investment size
Open to starting the project as soon as possible

Investment Model

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

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