The Kingdom has earmarked $109 billion investment budget to achieve this goal, they said. By 2032, Saudi Arabia hopes to generate as much as a third of its local energy demand by using renewable energy. The King Abdullah City for Atomic Renewable Energy (KACARE) has released a series of documents detailing the revised National Energy Plan.  KACARE is the Saudi agency in charge of developing the nation's renewable energy sector.In addition to the 41 GW of solar power, 25 GW of CSP and 16 GW of PV, the Kingdom aims to generate 18 GW of nuclear energy, 3 GW of waste energy, 1 GW of geothermal and an 

So how much south would you think the solar prices would go? Well, the exact number is 5.98 cents/kWh, and the venue for this magic is Dubai. Without any "government support."

The unsubsidised prices (that's a plural, for there is more than one) bid in a commercial setting go on to show that the time has come for rapid expansion of solar in the Middle East.

The state utility company of Dubai, the Dubai Electricity & Water Authority (DEWA), had opened a tender for a 100 MW solar power plant for the second phase of the Mohammed bin Rashid Al Maktoum Solar Park early this year. The park is located on a patch of 40 square kilometers of land just south of Dubai. While the solar park had come alive with a 13 MW solar PV plant back in 2013, its ultimate goal is to grow up to a gigantic 1,000 MW solar park by the summer of 2017.

Funds for the two loans will come from the ADB's own resources and the Clean Technology Fund. The Ouarzazate project is part of the Moroccan Solar Energy Program.

Alex Rugamba, director of the AfDB Energy, Environment and Climate Change Department, said "The project is one of the innovative developments in the energy sector supported by the Bank, based on the technology used and the financial arrangements with the support of the Climate Investment Funds, namely a public-private partnership supported by several donors. The Bank's participation in this second phase will support its position as a leading partner in the development of Morocco and strengthen its dominant role in combatting the effects of climate change,"

 According to the report, solar energy has become an attractive option for water desalination following a steep drop in the cost of photo-voltaic (PV) based systems for electricity generation and is particularly competitive in rural areas where diesel is the primary fuel for electricity generation.

The report, entitled "Sultanate of Oman - Renewables Readiness Assessment", particularly highlighted the potential for solar energy based water desalination in the northern areas of the Sultanate.

Gestamp Solar, the photovoltaic energy division of Gestamp Renewables, will engineer, construct, operate and oversee maintenance of the 10 MW Umm Gudair Field solar plant.

Kuwait Oil is a subsidiary of the state-owned Kuwait  Petroleum Corporation and the world's fourth-largest oil exporter. The installation is Gestamp Solar's  first project in Kuwait and in the Middle East. It is scheduled to be completed by the middle of 2015. The facility will have more than 32,000 and 12 transformation centers. Gestamp Solar estimates annual electricity production to reach 17,600 megawatt hours, equal to the emission of 9,100 tons of CO2.