GE Sees Gas Turbine Sales Gain Amid Saudis’ Solar Shift

General Electric Co. GE predicts demand for its gas turbines will increase in Saudi Arabia, even with the kingdom working to supply a third of power needs from solar energy within the next two decades. Saudi Arabia already has 500 installed gas turbines from GE that generate about half its electricity, and the Middle Eastern country plans to more than double its power capacity by 2030 to meet utility-demand growth of about 8 percent a year. “In the short- to medium-term, it’s still a lot of thermal power, so we will support that just like we have been, both by providing advanced technology and servicing it locally,” Steve Bolze, head of GE Power & Water, said in an Oct. 1 interview in Dammam.





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