Government plans to invest up to $50bn in renewable energy projects by 2023 Demand for electricity in the Kingdom is forecast to rise by up to 120 GW by 2030 ABU DHABI : Saudi Arabia has become one of the Middle East and North Africa (MENA) region’s leaders in the race to use renewable energy, […]
Saudi Arabia launches round three of National Renewable Energy program
RIYADH: The Renewable Energy Project Development Office of Saudi Arabia’s Ministry of Energy has issued the request for qualifications (RFQ) for Round Three of the Kingdom’s National Renewable Energy Program (NREP), which comprises four Solar PV projects with a combined generation capacity of 1,200 MW. Round Three projects will be divided into two categories: Category […]
Saudi Arabia launches bidding for four new solar projects
The first batch of projects will target smaller firms LONDON: Saudi Arabia has kicked off the bidding process for four major solar projects capable of generating 1,200MW as the Kingdom seeks to reduce its reliance on fossil fuels. The Renewable Energy Project Development Office of Saudi Arabia’s Ministry of Energy said it had issued the requests […]
Cabinet approves MoU between India and Saudi Arabia for cooperation in the field of Renewable Energy
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi was apprised of a Memorandum of Understanding between the Ministry of New and Renewable Energy of the Government of India and the Ministry of Energy of the Kingdom of Saudi Arabia for cooperation in the field of Renewable Energy. This was signed on 29th October, […]
Saudi Arabia has potential to be hub for green finance: KPMG
Saudi Arabia can become the center for green finance for emerging markets, which will bring huge economic and commercial benefits to the economy in line with Vision 2030, according to Michael Hayes, global head of renewables, KPMG International. “The amount of capital required to support the energy transition is vast and it is for this […]
JinkoSolar’s motion for summary determination of non-infringement will be granted by ITC JUDGE within two weeks
Jacksonville, Fla.: JinkoSolar Holding Co., Ltd. (NYSE: JKS) (“JinkoSolar”), one of the largest and most innovative solar module manufacturers in the world, today announced that the Administrative Law Judge (“ALJ”) in U.S. International Trade Commission Investigation No. 337-TA-1151 (“the 1151 Investigation”) issued an order indicating that JinkoSolar’s motion for summary determination of non-infringement will be […]
Meteoric Rise of Middle East Solar Power with 5GW of New PV Capacity Annually
The Middle East has long been considered as the global production base for oil and natural gas. However, there are increasing global requirements for greenhouse gas emission reduction. Renewable energy technology is gaining popularity in recent years. Moreover, the oil prices have been on the decline since 2014. As a result, the countries in the […]
India, Saudi Arabia ink 12 agreements in sectors including renewable energy
The agreements were signed in the presence of Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman Riyadh Saudi Arabia: India and Saudi Arabia on Tuesday signed 12 MoUs and agreements in key sectors including defence industries collaboration, renewable energy, security cooperation and civil aviation. The agreements were signed in the presence of […]
8 Countries (Besides the US) With Solar Under $25 per Megawatt-Hour
Around the world, solar power price records just keep on coming. One of the biggest U.S. solar stories of the summer was developer 8minute’s pricing record of $19.97 per megawatt-hour for a Los Angeles project. The project, which looks set to go ahead following initial union resistance, remains a relatively rare public example of sub-$25 […]
Saudi Arabia Sets Up New $320 Million Renewables Fund
Saudi Arabia has set up a $320-million (1.2 billion riyals) fund that will provide debt financing for renewable energy projects, including the manufacturing of renewable energy components. “Whether you’re in manufacturing, agriculture or retail, if you want to deploy renewable energy, we will finance it,” Dr. Ibrahim Bin Saad Almojel, the Director General of the […]