events/rtk
Excellent Opportunities for the sustainable and energy efficiency industry
  • Saudi Arabian developers are retrofitting over 90,000 mosques in the kingdom using advanced green building techniques to reduce lighting and energy consumption by 40 to 80% and water usage by 30 to 40%.
  • 73% of the electric energy generated in Saudi Arabia is used for operating buildings and 65% of this energy is consumed by air conditioning.
  • Peak loads are expected to approach 60GW by 2023 and the total investment needed to meet this demand may exceed US$90 billion.
  • Savings on air conditioning can result in the return on investment equivalent to 400–500MW p.a. of generating capacity, which is savings of $0.25 billion p.a.
  • Energy conservation policies for sustainable development could result in reducing the electricity forecast demand by 5–10%, equivalent to 3–6GW of additional capacity, which is possible $1.5–3.0 billion saving over the next 20 years.
  • Experts estimate that as much as 29% of energy consumed by buildings can be reduced at little or no cost.