Mumbai : The renewables arm of Larsen & Toubro’s power transmission and distribution business has got the go-ahead to begin constructing a 300 megawatt Jeddah solar photovoltaic power plant. The turnkey engineering, procurement and construction (EPC) order has been received from the consortium of Masdar, EDF Renewables and Nesma Company. Awarded by Saudi Arabia’s Renewable […]
Saudi Arabia moves on $5bn hydrogen project
Design and early works are now underway for Saudi Arabia’s $5bn Helios Green Fuels project, an industry source tells MEED. This development follows a report in January that the team behind the project has hired Bermuda-based financial advisory and asset management firm Lazard to advise it on the project. Lazard, which is one of the […]
L&T’s arm bags order to set up solar power project in Saudi Arabia
The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the “major” category, which ranges between Rs […]
Saudi Arabia signs agreements for seven new solar projects – SPA
The new projects, in addition to the new Sakaka solar and the Dumat al-Jandal wind projects, will have a more than 3,600 megawatt capacity. LONDON: Saudi Arabia has signed power purchase agreements with seven new solar projects that will provide electricity more than 600,000 households, state news agency SPA quoted Crown Prince Mohammed bin Salman […]
Saudi National Renewable Energy Program targets $15.9 billion project pipeline
Half of families in the Kingdom wanted to use solar power Renewables market growing rapidly in Saudi Arabia. RIYADH: Saudi Arabia’s National Renewable Energy Program is targeting SR60 billion ($15.9 billion) worth of project investments, according to a report issued by Riyadh Chamber, SPA reported. The report said that at least half of families in […]
How Saudi Arabia can thrive in a world beyond oil
After nearly five years of efforts to diversify the economy away from crude, oil and government spending largely funded from petroleum still account for about Saudi Arabia’s two-thirds of gross domestic product. On the face of it, no country has more to lose from the transition away from fossil fuels than Saudi Arabia. Before the […]
Saudi Arabia Invests $16 Bn in Renewable Energy Program
Saudi Arabia is aiming to invest around $16 billion in the National Renewable Energy Program, according to a report issued by the Business Support Observatory of Riyadh Chamber. The report targets monitoring the status of the sector, developing indicators of its top resources, and shedding light on the national program of renewable energy projects, with […]
Extreme Environment at UL’s Outdoor Saudi Arabia Test Facility Highlights Why Proactive Solar Risk Mitigation Is Critical to PV Module Lifetimes
The 12-month study outlines practical steps to minimize operational risks and extend working life of solar projects built in extreme weather environments. NORTHBROOK : Increased understanding of reoccurring weather events, such as sand, dust and hailstorms, is critical to driving future project efficiencies and extending photovoltaic (PV) module lifetimes, according to UL, the global safety […]
Saudi Prince Announces ‘Middle East Green’ Initiative To ‘fight Climate Crisis’
The Kingdom of Saudi Arabia has opted for a more sustainable future with the launch of “Green Saudi” and “Middle East Green” initiatives. The “Middle East Green” initiative announced by Crown Prince Mohammed Bin Salman aims to plant 50 billion trees in the world. The Kingdom of Saudi Arabia has opted for a more sustainable […]
Marubeni to build first Saudi megasolar plant, targets 2023 opening
TOKYO – Japanese trading house Marubeni looks to open a megasolar plant in Saudi Arabia by June 2023, the company’s first solar project in the country and fourth in the Middle East…Read More…