Clean Energy Trade Mission to Saudi Arabia
Clean Energy Trade Mission to Saudi Arabia. The Department of Commerce is organizing an executive-led clean energy and energy efficiency trade mission to Saudi Arabia April 14-18, 2012. This mission will target products, technologies and services in the clean energy sector, with an emphasis on solar power, electricity transmission and smart grid, and green building in residential, commercial and industrial settings.
According to DOC, Saudi Arabia has identified an urgent need to reduce its reliance on petroleum-generated power and is therefore developing alternative energy sources and promoting more efficient generation and use of energy. The government has made a commitment to invest $100 billion over the next ten years to develop clean, non-hydrocarbon energy sources, focused primarily on nuclear and solar technologies.
A minimum of 15 and a maximum of 25 companies will be selected to participate in this mission. U.S. companies already doing business with Saudi Arabia as well as those seeking to enter this market for the first time may apply. All applicants must submit no later than March 1, 2012, a completed mission application signed by a company officer, together with supplemental application materials, including adequate information on their products and/or services, primary market objectives and goals for participation. Each applicant must also certify that the products or services it seeks to export through the mission are either produced in the United States or, if not, marketed under the name of a U.S. firm and have at least 51% U.S. content of the value of the finished product or service. Participants will be selected based on the suitability of their products or services to the market, their potential for business in Saudi Arabia and the region, including the likelihood of exports resulting from the mission, and the consistency of their goals and objectives with the stated scope of the mission.