Energy

Leading Chinese companies in the domain of clean energy are set to erect manufacturing plants in Saudi Arabia, aiming to broaden their international reach while navigating trade constraints imposed by the United States and Europe as well as intense domestic rivalry.Yazeed Al-Humied, deputy governor and head of investments for the Middle East and North Africa region at the Saudi Public...

The Public Investment Fund (PIF) of Saudi Arabia has unveiled new collaborative ventures with three prominent Chinese firms, with the goal of fostering the domestic production of solar and wind power equipment within the kingdom.An alliance with Envision Energy, a producer of wind turbines, will see the establishment of facilities focused on the fabrication and assembly of wind turbine parts,...

Riyadh's recent announcement has revealed a momentous alliance in the field of renewable energy. Envision Energy, celebrated as a leading force in sustainable power, has partnered with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries in a joint venture designed to propel the growth of wind energy across the Middle East. This initiative is a significant stride towards realizing...

The Public Investment Fund (PIF) of Saudi Arabia has entered into three new joint ventures (JVs) aimed at advancing the localization of renewable energy manufacturing within the Kingdom. These ventures are a strategic move to align with the goals of the Saudi Ministry of Energy and support the nation's ambitious Vision 2030 plan.The collaborations will bring together PIF's Renewable Energy...

In an effort to promote sustainability within its borders, Saudi Arabia is taking a holistic approach to its economic sectors, with a strong emphasis on human potential, as part of its Vision 2030 objectives.The Kingdom's Minister of Economy and Planning, Faisal Al-Ibrahim, conveyed Saudi Arabia's key role in the pursuit of global climate goals at the High-Level Political Forum for...

A $1 billion collaboration has been announced between a global solar panel leader and two regional firms to advance solar panel production in the Middle East. Key Insights: A partnership involving JinkoSolar and two Saudi Arabian entities aims to establish a 10 GW solar cell and module production capacity. This move is part of a broader trend of Chinese solar...

In a strategic push to enhance the domestic renewable energy industry, Saudi Arabia's Ministry of Energy, partnering with the Public Investment Fund, has marked a significant step on Tuesday with the finalization of three pivotal agreements. These accords are set to amplify the nation's capabilities in renewable energy production. These partnerships are a continuation of the collaborative efforts between the...

Two prominent Chinese solar panel manufacturers have set their sights on the Middle East, earmarking a combined investment of $3 billion to establish new solar farms in Saudi Arabia. This development, as reported by a leading financial news agency, underscores China's influential role in the region's pivot towards renewable energy and its strategic move to sidestep trade restrictions imposed by...

The Saudi sovereign wealth fund has recently engaged in substantial agreements within the renewable energy sector, specifically targeting wind and solar projects. Despite these strides, specialists suggest that the primary motivation for these deals may not be the reduction of greenhouse gas emissions, as is commonly perceived in green initiatives.An official ceremony to mark the signing was graced by the...

The Public Investment Fund (PIF) of Saudi Arabia has declared the establishment of three collaboration agreements with Chinese entities through its wholly-owned Renewable Energy Localisation Company (RELC). These agreements aim to advance the local production of solar and wind energy equipment within the nation. RELC has partnered with Vision Industries, a prominent Saudi firm specializing in the development of clean...