Energy

The Saudi Arabian Solar Photovoltaic (PV) sector is pivotal in the nation's renewable energy landscape, driven by the Vision 2030 initiative to diversify energy sources and reduce oil dependency. Solar PV technology, which harnesses abundant sunlight to produce clean electricity, aligns seamlessly with these objectives. The government has introduced various incentives, including subsidies, tax benefits, and funding programs, to promote...

Saudi Arabia has entered into a collaborative program with Azerbaijan, Uzbekistan, and Kazakhstan to advance renewable energy initiatives. This agreement was finalized during the 29th UN Climate Summit in Baku, with Saudi Energy Minister Prince Abdulaziz bin Salman and his counterparts from the other nations signing the deal. The initiative seeks to create a strategic alliance to evaluate regional power...

Saudi Arabia has entered into a joint executive program with Azerbaijan, Uzbekistan, and Kazakhstan to enhance cooperation in renewable energy development and transmission. This agreement was formalized during the 29th UN Climate Summit in Baku, signed by Saudi Energy Minister Prince Abdulaziz bin Salman and his counterparts from the participating countries. The initiative focuses on creating a strategic partnership to...

Saudi Arabia is grappling with a significant water scarcity crisis, consuming 30 billion cubic meters annually while producing only 2 billion cubic meters of surface water. This gap necessitates seawater desalination, particularly in urban and industrial areas. However, desalination is energy-intensive, typically relying on fossil fuels, which incur high economic and environmental costs. To address these challenges, ATESS has developed...

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...