solar systems achieves milestone in lucrative

Article in The Australian 02/05/14


Solar Systems achieves milestone in lucrative Saudi market

By a staff reporter|
May 02, 20141:30AM

Solar Systems Pty Ltd, a wholly owned subsidiary of Silex Systems Limited has today announced the completion of a 1MW solar power generation facility at the Nofa Equestrian Resort near Riyadh, Saudi Arabia.

Completion of the 28-dish, diesel replacement facility marks an important milestone for Solar Systems as the first international deployment of the Company’s unique ‘Dense Array’ Concentrated Photovoltaic (CPV) technology.




The Solar Systems 1 megawatt power plant near Riyadh, Saudi Arabia.

The facility also gives Solar Systems a presence in one of the world’s largest emerging renewable energy markets. Saudi Arabia plans to build 41GW of solar energy generating capacity over the next two decades under a $US109 billion competitive procurement program administered by the King Abdullah City for Atomic and Renewable Energy.

The Kingdom plans to generate a third of its electricity from solar energy by 2032 to partly offset approximately $US100 billion (at current oil prices) of annual export revenues lost due to domestic oil consumption.

In relation to the Nofa Project, Solar Systems’ CEO Chris Murray said: “We are looking forward to building on this cornerstone project in Saudi Arabia as it progresses with what is arguably the world’s largest solar power investment program, further details of which are expected to be released in the coming months.”