Solar power in Saudi Arabia has become more important to the country as oil prices have risen. In 2011, over 50% of electricity was produced by burning oil. The Saudi agency in charge of developing the nations renewable energy sector, Ka-care, announced in May 2012 that the nation would install 41 gigawatts (GW) of solar capacity by 2032. It is projected to be composed of 25 GW of solar thermal, and 16 GW of photovoltaics. At the time of this announcement, Saudi Arabia had only 0.003 gigawatts of installed solar energy capacity. A total of 24 GW of renewable energy is expected by 2020, and 54 GW by 2032. In January 2015, it was announced that the plan was delayed with completion not occurring until 2040.