Energy

Saudi Arabia is undergoing a significant transformation in its energy sector by moving away from fossil fuels and investing in renewable energy. The government has set an ambitious goal to build a solar panel and cell assembly plant with a capacity of five gigawatts. Investment in Renewable Energy Desert Technologies, a leading Saudi renewable energy company, plans to invest SAR...

The Saudi Power Procurement Company (SPPC) has initiated a request for qualification for its sixth series of solar and wind projects as part of the National Renewable Energy Program (NREP). This move, led by the Ministry of Energy, seeks to boost the nation's renewable energy capacity by 4,500 MW. The projects in this round include: 1,500 MWac Dawadmi Wind project...

Hyundai Engineering & Construction Co. (Hyundai E&C) has achieved a significant milestone by securing a major project in Saudi Arabia valued at 1 trillion won. The company signed a contract with the Saudi Electricity Co. for the "Saudi Riyadh-Kudmi 500kV High Voltage Direct Current (HVDC) Transmission Line" project, worth $725 million. This marks Hyundai E&C's largest transmission project in the...

Saudi Arabia's Ambitious Green Energy Plans Saudi Arabia aims to revolutionize the green hydrogen sector with a substantial investment of at least $10 billion. This initiative by the Public Investment Fund emerges during a challenging period for the industry, marked by project cancellations and adjustments. As global focus shifts to sustainable energy, Saudi Arabia's commitment could significantly alter the energy...

Saudi Arabia is actively pursuing hydrogen production to diversify its economy and reduce emissions. The country's Public Investment Fund plans to allocate $10 billion towards developing green hydrogen, with additional support from Saudi Aramco. As part of its Vision 2030 initiative, Saudi Arabia aims to generate 50% of its electricity from renewable sources, preparing for a future less dependent on...

The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, has begun the qualification process for the first group of Battery Energy Storage System (BESS) projects. These initiatives aim to provide a total capacity of 8,000 MWh (2,000 MW over 4 hours) to boost Saudi Arabia's renewable energy sector. The projects, each with a 500 MW/4-hour capacity, are located...

Saudi Arabia is embarking on its first Battery Energy Storage System (BESS) projects through a Public-Private Partnership model, targeting an ambitious 48 Gigawatt-hours (GWh) storage capacity by 2030. The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, has launched the qualification process for four BESS projects, termed 'Group 1 Battery Energy Storage Services Projects', as of early November...

The Saudi Power Procurement Company (SPPC) has announced a tender for four significant battery energy storage system (BESS) projects, each with a capacity of 500 MW/2 GWh, totaling 2 GW/8 GWh. These projects are set to be developed in various regions of Saudi Arabia, including Makkah Province, Qassim Province, and Hail Province. Named as the Al-Muwyah, Haden, Al-Khushaybi, and Al-Kahafa...

AFC Energy, a leader in hydrogen power technology, has announced an agreement to deliver its first 45kVA H-Power System to Saudi Arabia through its exclusive distributor, The Machinery Group LLC (TAMGO). This system includes the latest S Series 30kW fuel cell generator, a 45kWh battery energy storage system, and a hydrogen pressure reduction station. The initial deployment aims to adapt...

Saudi Arabia is taking a significant step towards diversifying its energy portfolio by launching a tender for Battery Energy Storage Systems (BESS), with a total capacity of 2,000 MW. These systems will store up to 8,000 MWh of energy, enhancing the management of renewable sources like solar and wind within the national grid. The Saudi Power Procurement Company (SPPC) is...