Saudi Arabia Launches Seven Solar Energy Projects Worth Billions

solar energy project

Saudi Arabia has launched seven photovoltaic solar energy projects with a capacity of 1.52 GW and worth $1.51bn (SAR5.6bn) at the recent Saudi Elenex exhibition.

Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources unveiled the projects as part of its wider ambition to present investment and employment opportunities in the country.

Saudi Arabia plans to use renewable energy such as solar (40 GW), wind (16 GW) and concentrated solar (3 GW) through large-scale investments by 2030.

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Saudi Arabia’s Renewable Energy Projects Development Office (Repdo) also planned to issue a tender for a 600 MW solar plant this year along with the construction work on a 2.6 GW Makkah solar power project sometime in 2019, as per SPA reports.

Saudi Arabia’s Minister of Energy, Industry, and Mineral Resources, Eng Khalid bin Abdulaziz Al-Falih, said at least 12 renewable energy projects would be launched in 2019 as the kingdom ramps up its Vision 2030 program to diversify its energy sector away from petrodollars.