Energy

Saudi Arabia’s green technology sustainability market is experiencing rapid expansion, with its value expected to rise from $5.3 billion in 2024 to $12.83 billion by 2030, reflecting a compound annual growth rate of 15.7%, according to ResearchAndMarkets.com. The sector’s growth is fueled by government initiatives such as Vision 2030 and the Saudi Green Initiative, which focus on reducing reliance on...

The King Abdullah Petroleum Studies and Research Center (KAPSARC) and the Delegation of the European Union (EU) to the Kingdom of Saudi Arabia recently held a high-level workshop in Riyadh focused on advancing EU-Saudi energy cooperation. The gathering brought together senior business leaders, officials, and energy specialists from both regions to address critical issues such as energy security, robust supply...

Safeer, a partnership between TotalEnergies and Zahid Group, has entered into a Power Purchase Agreement with Golden Chicken to build a solar power facility at Golden Chicken’s site in Saudi Arabia. This initiative reflects both companies’ dedication to promoting renewable energy within the Kingdom, according to project details. The solar plant will have a capacity of 5.18 MWp (4.13 MWac)...

Saudi Arabia to Host Inaugural “Hydrogen Arabia” Conference Saudi Arabia will host the inaugural “Hydrogen Arabia” conference on 8-9 December 2025 at the Crowne Plaza Riyadh, underscoring its growing influence in sustainable energy. The event will bring together international leaders, investors, and innovators to discuss hydrogen’s role in the Middle East’s clean energy future and highlight the Kingdom’s dedication to...

Shanghai Electric has entered into major renewable energy agreements with Abu Dhabi Future Energy Company (Masdar) and Oman’s Mawarid Group, focusing on expanding clean energy initiatives in Saudi Arabia and Oman. According to GlobalData Strategic Intelligence, the collaboration with Masdar centers on building a 2GW solar power plant in Saudi Arabia, named the Sadawi project. This facility—Shanghai Electric’s largest solar...

Saudi Arabia’s solar energy storage market is experiencing rapid expansion, with its value reaching USD 160.43 million in 2024 and projected to climb to USD 728.01 million by 2033, according to the IMARC Group. This robust growth, marked by a forecasted annual rate of 17.10% from 2025 to 2033, is fueled by significant government initiatives, increased investment in renewables, and...

India and Saudi Arabia Explore Undersea Electricity Grid Connection India and Saudi Arabia are exploring a major project to connect their electricity grids through undersea cables beneath the Arabian Sea, according to the Times of India. This initiative could enable India to export green energy and supports Prime Minister Narendra Modi’s vision for a global renewable energy grid under the...

Saudi Electricity Company (SEC) has received bids from major utility companies to build a 380kV substation in Mawqaq, central Saudi Arabia, and to undertake several Overhead Transmission Line (OHTL) projects. This substation, called Mawqaq PV 380kV BSP, is part of Saudi Arabia’s expanding Renewable Energy Projects, according to SEC. Trading & Development Partnership (TDP) submitted the lowest offer for the...

Saudi Aramco Technologies Company (SATC) and BYD have entered into a joint development agreement to advance new energy vehicle technologies, according to a company statement. The collaboration seeks to leverage the strengths of both organizations to create solutions that enhance efficiency and reduce environmental impact. His Excellency Ali A. Al-Meshari, Aramco's Senior Vice President of Technology Oversight and Coordination, emphasized...

China and Saudi Arabia have agreed to boost cooperation in nuclear safety, signing a Memorandum of Understanding on nuclear energy development, safety, and security during the first China-GCC Forum on the Peaceful Use of Nuclear Technology in Chengdu, according to the China Atomic Energy Authority (CAEA). The agreement aims to enhance collaboration in nuclear safety, security, non-proliferation, and emergency response....