{"id":96270,"date":"2025-04-22T00:00:00","date_gmt":"2025-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/facing-higher-power-bills-local-businesses-turn-to-rooftop-solar\/"},"modified":"2025-04-22T00:00:00","modified_gmt":"2025-04-22T00:00:00","slug":"facing-higher-power-bills-local-businesses-turn-to-rooftop-solar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/22\/facing-higher-power-bills-local-businesses-turn-to-rooftop-solar\/","title":{"rendered":"Facing higher power bills, local businesses turn to rooftop solar"},"content":{"rendered":"

<\/strong>Local bu<\/strong>sinesses turning to rooftop solar panels made headlines in the foreign press.<\/strong> The Financial Times eyed the surge in solar setups in the Kingdom<\/a> as businesses look to cut electricity costs following the government\u2019s scrapping of energy subsidies and the availability of cheaper China-made solar panels.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Experts attributed the Kingdom's solar energy shift to fiscal <\/strong>reforms<\/strong>, which drove up diesel prices by 44% y-o-y last year, along with cheaper Chinese solar panels, and USD 21.6 bn in Chinese clean technology from 2021 to last October.<\/p>\n

\u201cIt\u2019s paying back,\u201d the salmon-colored paper quoted Fakeeh Care Group\u2019s head Mazen <\/strong>Fakeeh as saying. <\/strong>The company\u2019s solar setup in its Jeddah car park slashed its electricity bills in 2024 by over SAR 170k. The 103-year-old Tamar Group also saved over SAR 440k after installing solar panels over its logistics hubs\u2019 rooftops in Jeddah and Riyadh, encouraging it to cover all its major distribution centers within two years, according Tamar\u2019s chief supply chain officer Amr Elmansoury.<\/p>\n

Who is more inclined to shift?<\/strong> Commercial entities \u2014 who pay the highest electricity rate in the Kingdom at SAR 0.3\/kWh \u2014 stand to gain the most by adopting solar rooftops. \u201cIt just makes financial sense,\u201d Faris Al Sulayman, co-founder of the solar startup Haala Energy, told the paper. Industrial users, on the other hand, are less incentivized to switch, given their lower rates at SAR 0.18\/kWh, he added.<\/p>\n

REMEMBER- All part of a bigger plan:<\/strong> The renewables push comes under Saudi Arabia\u2019s National Renewable Energy Program<\/a>, which aims to phase out oil burning to reach a 50\/50 mix of renewables and gas by 2030. The Energy Ministry is targeting 20 GW of new capacity per year to reach 100-130 GW<\/a> of output from renewable power by the end of the decade.<\/p>\n","protected":false},"excerpt":{"rendered":"

The trend was primarily driven by the removal of energy subsidies<\/p>\n","protected":false},"author":1,"featured_media":96271,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[10,451,229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-enterpriseam-ksa","tag-renewables","tag-saudi-in-the-news","wpautop","entry"],"acf":{"mongo_id":"35a2b66f-717f-49bc-b9c9-6695e47fd509","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/1362.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Local businesses turn to rooftop solar to cut power bills","related_issue":[96252],"teaser":"The trend was primarily driven by the removal of energy subsidies","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.fc30ef8f-29ed-4316-9d7f-693a0071c990.mp3"},"yoast_head":"\nFacing higher power bills, local businesses turn to rooftop solar - 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