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  • Solar Power in MENA to See Six-Fold Growth in 2015
     

    The MENA region will see solar projects worth $2.7 billion unveiled in 2015, 6 times as much as 2014, according to Arabian Business, which cited a new study by the Middle East Solar Industry Association (MESIA). 1,800MW worth of solar projects will be tendered or awarded during the next 12 months, compared with less than 300MW […]

     
  • John Kerry’s Remarks at U.S. Chamber of Commerce Middle East Commercial Center Leadership Dinner
     

    In an energetic and wide-ranging speech delivered to guests attending the Middle East Commercial Center Leadership Dinner on Monday night at the U.S. Chamber of Commerce, Secretary of State John Kerry praised the work of the Center and the development of business relationships between the United States and the Middle East region.  Secretary Kerry shared […]

     
  • Saudi Arabia Fast-Tracks Nuclear Power to Meet Soaring Domestic Demand
     

    In an excellent round-up of the shifting energy sector in Saudi Arabia, James Conca in Forbes discusses Saudi Arabia’s embrace of nuclear and renewable energy sources to meet demand – an important initiative for the increasingly energy-hungry Saudi society. “Saudi Arabia burns almost a billion barrels of oil a year to produce electricity, this change […]

     
  • Saudi Arabia’s Timely Push for Solar to Reduce Oil Consumption
     

    It’s no secret that Saudi Arabia’s energy consumption is soaring, and that to meet increasing demand, the Kingdom is siphoning off more and more of its crude to power the booming Saudi economy. Although Saudi Arabia has plenty of oil, what is consumed to meet domestic power demand cannot be sold on the market. Writing […]

     
  • KACARE and Saudi Arabia’s Frightening Consumption of Energy
     

    Four years ago, King Abdullah City for Atomic and Renewable Energy (KACARE) was established by a royal decree. Public statements highlighted the numerous nuclear and solar power plants that would be built and entered into production during the next 15 to 20 years. Large sums of money have been paid for advisers and global consulting […]

     
  • Social Media: Connecting U.S.-Saudi Forum Attendees, Speakers, and Followers Around the World
     

    Social media played a key role in connecting the speakers, attendees, and followers worldwide during the U.S.-Saudi Business Opportunities Forum presented in Los Angeles September 16-18, 2013. The Saudi-US Trade Group (SUSTG), in coordination with the top-flight Saudi members of the SUSTG’s Student Ambassador Program, organized this social media effort across all major platforms, including […]

     
  • Reuters Analysis: Oil saving win-win drives Saudi solar power boom
     
     
  • Hard Choices Ahead for MENA Energy Pricing
     

    In order for Saudi Arabia to effectively address some of its most pressing challenges it will need to make some hard, unpopular and, quite likely, disruptive choices.  The current uproar over the expulsion of illegal foreign workers, for example, doesn’t change the fact that it is a necessary step in re-ordering the incentives of private-sector […]

     
  • New President for KAUST in Saudi Arabia
     

    In a press release today, the King Abdullah University of Science and Technology (KAUST) in Thuwal, Saudi Arabia, announced a new president in Dr. Jean-Lou Chameau, who will be the second to serve in that post since the university’s inception. Dr. Chameau previously served as President of the California Institute of Technology in Pasadena.

     
  • MENA solar to exceed 3GW annually by 2015: Saudi leads
     

    GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.

     

MUST-READS

  • Desert Technologies, Al Salem team up to advance solar power in Saudi Arabia

    Under the deal, the partners will install solar panels on the roofs of residential, commercial and industrial buildings owned by customers of Al Salem at competitive prices. The use of solar power on the roofs of residential and commercial properties is a way to reduce electricity bills, cut carbon emissions and boost the market value of the buildings, said Al Salem's regional director Maher Mousa.

  • Saudi Qassim Cement to hire consultant for 30-MW solar project

    Based in Buraydah, Qassim Cement produces about 4 million tonnes of cement annually. The company will invest SAR 152 million (USD 40.53m/EUR 35.76m) to build a cement mill at its plant in Buraydah with a capacity of 300 tonnes.

  • Saudi Aramco to invest in RIL’s solar, specialty chemicals biz

    Saudi Aramco, the world’s largest oil-producing company, may consider investing in the solar and speciality chemicals businesses of Reliance Industries (RIL), say sources in investment banking. “It will be a strategic investment that will support Aramco’s aggressive push for controlling carbon emission,” says a Mumbai-based banker.

  • Acwa, Total among top bidders for 1.2GW Saudi solar projects

    Announcing the names of shortlisted bidders, Saudi energy ministry said the competition is the third round of the country’s National Renewable Energy Programme (NREP) and will allow bidding in two categories. The first one covers the 80-MW Layla and the 120-MW Wadi Al Dawasir solar projects, while the 300-MW Saad and the 700-MW Ar Rass schemes will be offered in the other category.

  • Saudi Arabia solar tariffs jump 43% on higher module costs

    Tendering for the development of four solar PV projects with a combined capacity of 1.2GW, round three of Saudi Arabia’s renewable energy programme saw Jinko Power post the lowest bid of SAR 0.05563/kWh (US$0.01483/kWh) – a 43% increase on a bid of US$0.0104/kWh recorded in the scheme second’s round that the country’s ministry of energy said earlier this year was a world record low solar tariff.

  • Huawei signs 1,300MWh solar-charged battery contract for Saudi Arabia’s Red Sea Project

    Huawei Digital Power has said it will supply battery energy storage system (BESS) technology to what is thought to be the world’s largest off-grid energy storage project to date. The company will provide a 1,300MWh BESS to the Red Sea Project, a huge resort under construction on the Saudi Arabian coast, Huawei said during its corporate Global Digital Power Summit 2021 held last week in Dubai, United Arab Emirates.

  • Saudi Solar Prices Surge Amid Silicon-Supply Crunch

    China’s JinkoSolar Holding Company Limited submitted the lowest shortlisted offer to generate electricity from a 300-megawatt plant, according to a document on the Saudi Ministry of Energy’s website. At 1.48 cents a kilowatt-hour, it was around 40% above a contract of 1.04 cents per kWh that Saudi Arabia signed in early 2021, saying it was the lowest tariff on record globally.

  • Saudi Solar Company Expands its Investments to France, Greece and Kazakhstan.

    Desert Technologies, one of the world's leading companies in the field of renewable energy, recently signed an agreement with contracting companies for the construction of a 12 MW solar photovoltaic plant on the Greek island of Trifyila. The project is Desert Technologies’ first investment in the Greek market with a capacity of 12 MW and spanning over 24 sites, the capacity of each being 500 KW. The project is funded by the Saudi Exim Bank under its established regulations aimed at financing the export of Saudi non-oil products and enhancing their presence in global markets.

  • Saudi Arabia Gets Serious About Solar to Meet National, Youth Aspirations

    From achieving 75% localization in the oil and gas sector, to an economy that ranks in the top 15 globally, and makes massive strides in ease of doing business as well as e-governance, the targets are huge.

  • Saudi Arabia allocates land plots for 600 megawatt solar plants

    The Saudi Ministry of Energy is building two renewable energy plants on two land plots with a total area of 12 million square meters, as part of the Kingdom’s plan to generate 50 percent of its energy from renewables, the Saudi Press Agency has reported. The plants will have a capacity of 600 megawatts and will be implemented in the Third Industrial City in Jeddah and the Industrial City in Rabigh, through the Saudi Authority for Industrial Cities and Technology Zones MODON. The Ministry of Energy is working to diversify the energy mix to produce electricity, by increasing the share of gas and renewable energy sources in it, and is displacing liquid fuel and replacing it with natural gas.