Saudi to Announce Solar Energy Project ‘Very Soon’

Saudi Arabia will “very soon” announce a solar energy project that will produce electricity at the lowest cost per kilowatt, Prince Abdulaziz Bin Salman, Saudi energy minister, said on Thursday.

During the “Don’t Forget Our Planet” conference, organized by Saudi Arabia’s Future Investment Initiative Institute (FII-I), which discussed environmental sustainability, Prince Abdulaziz Bin Salman said that the Kingdom aims to produce 50 percent of its electricity from renewables by 2030, stressing the Kingdom is planning to expand the use of wind energy.

Prince Abdulaziz said that work is currently underway to analyze solar energy projects that will produce the lowest cost per kilowatt of electricity in the world.

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