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  • Saudi Alternative Energy Sector Set for Big Year with Localization in Focus
     

    With U.S. shale now forecasted by analysts and the U.S. EIA to out-produce Saudi Arabia and Russia in 2018, and Saudi Arabia needing to burn less of its own oil for domestic use and continue toward a more sustainable economy, alternative energy in the Kingdom has never been hotter. Saudi leaders have long talked about the benefit of a […]

     
  • First Utility-Scale Solar Plant Planned for Northern Saudi Arabia Receives Bids
     

    Saudi Arabia has announced a shortlist of bidders for the first utility-scale solar plant planned for northern Saudi Arabia, according to reports. The planned 300-megawatt solar photovoltaic (PV) project is in Sakaka, Al-Jouf province. “All of the bids opened today (Tuesday) will now undergo stringent technical, financial and legal evaluation,” Turki al-Shehri, the head of the […]

     
  • KAPSARC’s New Headquarters Near Riyadh, Designed by Zaha Hadid Architects, Receives LEED Platinum Status
     

    The futuristic-looking new headquarters of the King Abdullah Petroleum Studies and Research Centre (KAPSARC) on the outskirts of Riyadh has received LEED Platinum certification—the first of Zaha Hadid Architects’ projects to receive the title. KAPSARC is a non-profit dedicated to studying energy and their environmental impacts. The new 230,000 square-foot campus comprises five buildings and cuts a striking figure against […]

     
  • What We Know About Neom, Saudi Arabia’s New Planned Mega-City
     

    Saudi Arabia’s new massive planned city, Neom, is set to be the most ambitious undertaking of Saudi Arabia’s ambitious reform plans to-date. Here’s what we know about Neom so far. The new planned city is massive. At 10,000 square miles (26,500 square kilometers), the city extends across the borders of three countries, the first special […]

     
  • Rules Issued for Small-Scale Solar Generation in Saudi Arabia
     

    Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, according to a Reuters report citing a government statement. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more […]

     
  • Saudi Arabia Nears First Utility-Scale Wind Power Project
     

    Saudi Arabia moved a step closer toward the construction of its first utility-scale wind-power project, according to reports. The energy ministry “asked potential bidders and plant developers to submit their qualifications to build the 400-megawatt plant at Dumat Al Jandal in the kingdom’s northwestern Al Jouf region,” Bloomberg reports, citing an emailed statement. “Companies will be able to […]

     
  • WHO Says Saudis are ‘Well-Prepared’ To Handle Cholera Risk at September’s Hajj
     

    The World Health Organization (WHO) said on Friday that Saudi Arabia’s authorities are “well prepared” to handle annual and new challenges surrounding the Hajj pilgrimage this year, taking place in September. Notably, a cholera epidemic in Yemen, which has infected more than 332,000 people, could spread during the world’s largest annual gathering, the World Health Organization […]

     
  • As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value
     

    Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports, citing a survey of fund managers conducted by regional investment bank EFG Hermes. That […]

     
  • Saudi Restarts Renewable Energy Investment Plans with up to $50b in Solar, Wind by 2023
     

    Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]

     
  • Saudi Energy Ministry Announces New Renewable Energy Plan for up to $50b in Investments
     

    Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]

     

MUST-READS

  • Saudi Arabia, Israel firms sign joint energy venture to advance Kingdom’s solar energy transition

    Firms in Israel and Saudi Arabia have signed a joint venture agreement to advance the Gulf Kingdom's transition to solar energy, in a rare public deal between the two countries that do not have official diplomatic relations. According to Bloomberg, SolarEdge Technologies, Inc – a major Israeli solar energy firm – formed a joint venture with Ajlan & Bros Holding, a conglomerate in Saudi Arabia's private sector. The agreement will be established in the Saudi capital, Riyadh, to "support the deployment of smart renewable energy solutions in Saudi Arabia", SolarEdge stated, with the aim of helping the Kingdom achieve its target to reduce dependence on oil by 2030.

  • French engineer prepares ground for 20GW of solar in Saudi’s Neom

    Saudi Arabia has hired Paris-based engineering group Assystem to conduct pre-development studies for seven photovoltaic parks in the Tabuk and Duba regions to power the kingdom’s Neom economic development zone. In all, the solar parks stretch over 420 sq km, potentially providing more than 20GW of generating capacity, Assystem said. The company will do site assessment studies, preliminary design, master planning, environmental and social impact assessments, and permitting studies.

  • Saudi Arabia’s Rabigh solar project begins operations

    The average annual power generation is 2240 kWh. The total power generation of the project in the first year is 894 million kWh, and the converted carbon dioxide emission reduction is about 779,900 tons.

  • Saudi Arabia’s ACWA Power to build two solar plants in Uzbekistan

    Saudi Arabia's ACWA Power (2082.SE) will build two solar plants in Uzbekistan with a total capacity of 1.4 gigawatts and three power storage systems with a combined capacity of 1.2 gigawatts, Uzbekistan's Energy Ministry said on Saturday. The two parties have signed investment agreements on the project worth $2.5 billion and deals under which Uzbekistan will buy power from the facilities, the ministry said in a statement. Under the deal, ACWA will construct a 400 megawatt plant and a storage facility with the same capacity in Tashkent province, a 1 gigawatt plant and a 400 megawatt storage system in the Samarkand region, and 400 megawatts of storage in Bukhara province.

  • Saudi Arabia to have Middle East’s largest solar facility

    The 2,060 megawatt solar facility will be built in Al-Shuaibah, in the Makkah province, and is expected to become operational by the fourth quarter of 2025. Badeel, a subsidiary of the Saudi Public Investment Fund (PIF), and ACWA Power will each hold a 50 per cent equity stake in the project.

  • Saudi Arabia to build giant solar power plant

    The Saudi energy company ACWA Power and the kingdom’s Public Investment Fund will develop and build a 2,060 megawatt solar photovoltaic plant in western Saudi Arabia. ACWA Power and the sovereign wealth fund each own a 50% stake in the project. The plant is expected to be operational by the fourth quarter of 2025, ACWA Power said in a press release.

  • Saudi Arabia Signs Agreement to Build Field of Hybrid Solar Energy

    King Abdullah Economic City (KAEC) and SAFEER - a joint venture between TotalEnergies and Altaaqa Alternative Solutions – announced an agreement to provide a major hybrid solar power farm project for KAEC. The strategic plan seeks to develop an estimated 25,000 solar panels (ground-mounted motorized system) producing a capacity of 12.5-megawatt peak (MWp) for the city. The hybrid solar power farm is expected to reduce KAEC’s carbon footprint of nearly 20,380 metric tons of CO2 emissions per year as well as decrease diesel consumption by approximately 30%.

  • Israel’s SolarEdge Emerges With Saudi Deal After Biden Trip

    SolarEdge Technologies, one of the biggest Israeli-American companies trading on Wall Street, became an early beneficiary of President Joe Biden’s Middle East trip when it signed an agreement with Saudi investment company Ajlan & Bros., The Circuit has learned. SolarEdge, which is based in Herzliya, Israel, and has a North American headquarters in Milpitas, Calif., was among 13 companies from the U.S. that emerged with new agreements after Biden’s July 15-16 visit to Saudi Arabia, the Saudi Ministry of Investment said in a statement. The ministry did not refer to SolarEdge’s Israeli roots.

  • Saudi’s SADAFCO plans solar power project for its Jeddah warehouse

    Saudia Dairy and Foodstuff Co. (SADAFCO) plans to implement a solar photovoltaic (PV) power system at its Jeddah Central Warehouse (JCW) to lower its carbon impact, the company said in its 2021 sustainability report. The Saudi stock exchange-listed firm has initiated steps to identify and use renewable power sources at its factories and warehouses since it is well placed to utilize solar power in its operations.

  • Saudi Arabia to add 5.1 GW of solar capacity by 2031, Fitch says

    Saudi Arabia, one of the world's leading oil producers, is expected to deploy about 5.1 GW of solar capacity between 2022 and 2031 despite its ambitious targets and huge potential, Fitch Solutions said in a report last week.