Saudi Arabia Renewable Energy – Solar & Wind 2019


Locatie: Riyadh
Datum: van 22 Jan, 10:00 t/m 23 Jan, 10:00

The Kingdom of Saudi Arabia, the world’s biggest oil exporter, is expected to lead Renewable Energy Developments in the coming years with up to $7 billion worth, according to the International Renewable Energy Agency. The Kingdom of Saudi Arabia, which largely relies on oil to generate power, has set ambitious targets to add 9.5 GW of renewable energy by 2023, as it looks to sell more of its crude oil to export markets. As per the Vision 2030, the Ministry of Energy, Industry, and Mineral Resources (MEIM) are expected to tender 3.25GW of solar and 800 Megawatts of wind capacity this year alone. The Kingdom’s inaugural 400MW wind project received global interest. It expects to commence $7 billion worth of renewable energy projects this year, with solar plants leading the way.

The Kingdom’s National Renewable Energy Program (NREP) that is managed and executed by the MEIM is directly supporting Saudi Arabia’s National Transformation Program (NTP) and Vision 2030.

Saudi Arabia’s first Solar-Powered Gas Station recently opened in the Red Sea city of Jeddah. The Kingdom’s drive toward solar power began in February with the Energy Ministry’s announcement of a Solar Station in the northern city of Sakaka. The project is the first of many within the Initiative of Custodian of Two Holy Mosques for Renewable Energy. Winning bidders will cover financing costs while the government guarantees to buy power produced from the projects over 25 years. Read more…


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