Analysis of renewable energy feed-in tariffs in selected regions of the globe: Lessons for Saudi Arabia

In this paper, an analysis of renewable energy feed-in tariffs (REFIT) for the selected regions of the globe is done with the aim of drawing lesson for Saudi Arabia. A brief background and status of renewable energy sources (RES) utilization in Saudi Arabia is given at the beginning of this paper, followed by a review of the feed-in tariff (FIT) design models reported in literature. The application of the policy in Europe, the United States, Australia, Asia and Africa is then reviewed. Some observations from the analysis of the FIT application in different countries have been discussed and finally, lessons have been drawn from the study. Some policy recommendations have been given for Saudi Arabia. The analysis of the lessons identified shows that the application of FIT scheme in Saudi Arabia is likely to speed up the development of renewable energy resources within the area.