27 May '14, 1pm

Departure of Strategist Could Add Uncertainty To Saudi Arabian Solar Energy Market

Khalid al-Sulaiman, a vice president of the King Abdullah City for Renewable and Atomic Energy, has departed because the government didn’t renew his contract, three people with knowledge of the decision said. Another person close to the executive said he retired. The people asked not to be named because they’re not authorized to speak on the matter publicly. Ka-Care, as the organization is known, was chartered by the king in 2010 to form a strategy on nuclear and renewable energy. Two years ago, it set goals for boosting solar power to reduce domestic demand for oil and natural gas , allowing the kingdom to entrench its position as the world’s biggest exporter of crude. So far, there’s only a handful of small solar projects. “Al-Sulaiman’s departure is a big loss for Ka-Care and the kingdom,” said Vahid Fotuhi, head of strategic advisory Access, a Dubai-based consultant, a...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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