Saudi businesses turn to solar power as kingdom cuts energy subsidies

Contributing sentiments towards policy:

65% : "Although the declining cost of renewable energy has also played a role, the direction of the Saudi government's fiscal reform -- including the energy subsidy changes -- has been a highly significant factor in encouraging companies to actively consider power generation options beyond fossil fuels," said Shigeto Kondo, senior researcher at the Japan-based Institute of Energy Economics.
52% : But experts say the critical factor driving recent solar take-up may be the phasing out of energy subsidies that began in 2018 as part of wider economic reforms, which included the rollout of large-scale renewable projects.

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