Saudi Arabia's Bin Omairah to Up Photovoltaic Panel Exports to Europe, Africa

• The business aims to increase its exports of solar panels to the Middle East, North Africa and Europe.
• It likewise prepares to commission a 2nd assembly line by the center of today year to elevate the company's panel result to 450 MW by the end of 2022.

Saudi Arabia's Bin Omairah Holding has intended to enhance the export of its solar panels to capitalise on the expanding markets of Europe and Africa.

The exports will certainly be done from the firm's manufacturing facility operational in the Tabuk region. It has likewise been learnt that the company has strategies to open up another plant for photovoltaic panels within the following 2 or three years that will certainly have twice as much production capacity.

The presently operational plant in Tabuk is referred to as Masdar Solar, which the company opened in November last year in north-western Saudi Arabia. This facility has a capacity of 150 MW.

Bin Omairah Holding has prepared that its 2nd assembly line will certainly be commissioned by the center of today year to increase the panel result to 450 MW by the end of 2022. The info was shared by manufacturing facility supervisor Mohammed bin Omairah.

The firm states that when its new factory begins operations, it will have a capacity of 1.2 GW. At a building price of $186 million, this will be the biggest solar panel manufacturing facility in the Middle East as well as North Africa, claims the firm.

As for making photovoltaic panels is concerned, while glass and also frameworks are procured from local markets, solar cells are imported from various worldwide markets like Italy, Spain and also China.

Solar panels made at Masdar Solar are currently exported to Tunisia and Jordan. The firm says that brand-new markets in the Middle East and also The United States And Canada (MENA) region and also Europe will be added this year.

Saudi Arabia has prepared a contemporary city of Neom on the Red Sea, which is about 200km away from the Masdar plant. The latter will provide photovoltaic panels to Neom as well, according to Bin Omairah's plans.

Besides, Saudi Arabia itself is a strong market as the government has intended to create more than 15 TWh of renewable energy each year by 2024. In the here and now scheme of renewable resource, solar energy comprises regarding 92 percent.