Saudis accelerate plans for renewable energy

13 Jun 2017   Saudi Arabia

President of the OPEC Conference and Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid Al-Falih speaks during a news conference at OPEC headquarters in Vienna, Austria, on May 25. Photo by Lisi Niesner/EPA June 12 (UPI) — The Saudi government is making good on its pledge to introduce solar and wind power into the kingdom’s energy mix so that renewable energy becomes a growing part of the feedstock for the country’s electricity generation. This will free up more of the Gulf country’s crude products and natural gas for export sales. In April, Riyadh announced the names of 51 companies, primarily foreign, that have been shortlisted for two renewable energy projects: 27 firms were selected to bid on a 300 megawatt solar project to be developed in the northern part of the kingdom and 24 firms were chosen to vie for a 400 MW wind farm project in the […]

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