Energy

Saudi Arabia is making significant progress in renewable energy, especially in solar power, as part of its Vision 2030. The Kingdom aims for 50% of its electricity to come from renewable sources by the decade's end. To achieve this, it has committed 705 billion riyals (around 188 billion US dollars) to accelerate growth in the sector, as reported by the...

Scientists at King Abdullah University of Science and Technology have pinpointed several ideal locations in Saudi Arabia for storing solar and wind energy, which could enhance water management and food security. The study highlights two promising sites along the Red Sea, requiring approximately $16.5 billion investment, though further research is needed to confirm their viability. Published in the Renewable and...

Saudi Arabia's ACWA Power has entered into a memorandum of understanding with Snam, an Italian gas grid operator, to explore joint initiatives for creating a green hydrogen supply chain to Europe. This partnership aims to establish a reliable and cost-effective international supply of green hydrogen, connecting Saudi production with European markets. The collaboration also includes plans to evaluate the construction...

Saudi Arabia and Germany have signed a memorandum of understanding (MoU) to create the Saudi-German Green Hydrogen Bridge. This initiative involves ACWA Power and the German company SEFE, focusing on the production and export of green hydrogen and green ammonia from Saudi Arabia to Europe. The agreement outlines plans for ACWA Power and SEFE to collaborate on projects, aiming to...

Saudi Arabia is set to launch its first independent battery energy storage system (BESS) projects with a total capacity of 2GW. The Saudi Power Procurement Company (SPPC) has invited prequalified firms to bid for these projects, which will operate on a build, own, and operate (BOO) model. The initial phase includes four major projects, each with a capacity of 500MW:...

GlassPoint is set to revolutionize industrial heat with plans for the world’s largest solar thermal project, Ma’aden, in Saudi Arabia. This $1.5 billion venture, in collaboration with Saudi mining firm Ma’aden and Spanish utility leader Cox, aims to decarbonize Ma’aden’s aluminum supply chain. Innovative Solar Technology The project kicks off with the GlassPoint Ma’aden Technology Showcase (GMTS), featuring advanced solar-to-heat...

Saudi Arabia's National Renewable Energy Program has advanced with the Saudi Power Procurement Company (SPPC) unveiling the list of qualified developers for its sixth round. This initiative focuses on developing 4,500 megawatts of solar and wind energy projects. Qualified Developers for Solar Projects Abu Dhabi Future Energy Company PJSC – Masdar Alfanar Company CJSC EDF Renouvelables S.A. Kahrabel FZE (ENGIE...

GlassPoint, an industrial solar steam company based in the US, has teamed up with the Saudi Ministry of Investment to establish a concentrated solar power-to-steam manufacturing facility in Saudi Arabia. This initiative is part of the initial phase of their solar thermal project for Ma'aden and aims to export renewable energy components regionally. The GlassPoint Ma’aden Technology Showcase (GMTS) is...

Saudi Power Procurement Company (SPPC) has announced the prequalification of 16 developers to bid for the sixth round of solar projects under Saudi Arabia's National Renewable Energy Program (NREP). The planned solar projects, amounting to 3,000 MW, are managed by the Ministry of Energy. Details of the Solar Projects The sixth round includes the following projects: Najran Solar IPP -...

The Saudi Power Procurement Company (SPPC) has unveiled the prequalified developers for its sixth round of renewable energy projects, aiming to expand Saudi Arabia's renewable energy capacity by 4,500 megawatts (MW) under the National Renewable Energy Programme (NREP). This tender includes four solar Independent Power Producer (IPP) projects totaling 3,000 MW and one wind IPP project of 1,500 MW. Solar...