Solar and Wind Energy
From February 5 to 9, the business trip "Power Generation from Solar and Wind Energy incl. CSP" took place within the framework of the Export Initiative Energy of the Federal Ministry of Economic Affairs and Climate Action (BMWK). It was organized by the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO) in cooperation with The Renewables Academy AG (RENAC) in Germany.
The business trip started with high-level institutional visits to the Ministry of Energy, PIF (The Public Investment Fund), and the Saudi Power Procurement Company. The six participating German companies gained deep insights into Saudi Arabia's strategies and objectives in the filed of solar and wind energy.
In addition, leading Saudi companies and institutions, such as KACARE (The King Abdullah City for Atomic and Renewable Energy), Alfanar, ACWA Power, and SABIC, highlighted the rapidly growing market potential in Saudi Arabia. During the discussions, it became clear that the solutions presented by the German companies in the field of power generation from solar and wind energy, including CSP, are very attractive to the Saudi market. Furthermore, many German companies are already involved in realizing projects. Especially the hybrid concept of CSP and photovoltaics generated significant interest from the Saudi side.
During the scheduled symposium, Germany was able to present itself as a leading technology & product provider and as an expert in the field of power generation from solar and wind energy. B2B meetings with the respective Saudi companies took place immediately after the symposium at the conference location and on the following days at the companies' headquarters.
Good overview of the sector and the kingdom's potential
German company representatives who traveled to Saudi Arabia for the first time gained a good overview of the sector and the kingdom's potential. In addition, they highly appreciated the direct access to initial contacts on the ground throughout the trip. Participants who knew the market or already had partners could gain a deeper insight and establish high-quality, new business contacts. This applied primarily to having direct meetings with the Ministry of Energy as well as institutional appointments.
The feedback from the participating companies was very positive. Most companies plan to travel to Saudi Arabia again for the next step in negotiations. The participants are also considering continuing the initial talks on a digital basis.